Purchase Coin98 (C98) with Mexican Peso (MXN) easily at Switchere and benefit from fast, secure transactions.
Coin98 (C98) is a comprehensive decentralized finance (DeFi) suite designed to serve as an all-in-one gateway for users to access Web3 applications. Its primary mission is to simplify the often fragmented and complex DeFi landscape, offering a seamless user experience across multiple blockchain networks. By integrating a non-custodial wallet, a decentralized exchange aggregator, and a cross-chain bridge, Coin98 provides the necessary tools for both new and experienced users to navigate the world of digital assets. This integrated approach aims to remove barriers to entry and foster wider adoption of blockchain technology.
The core of the ecosystem is built on three main pillars: Coin98 Wallet, a multi-chain wallet allowing users to store, send, and receive thousands of digital assets across various blockchains; Coin98 Exchange, a liquidity aggregator that routes transactions through multiple DEXs to secure optimal pricing and low slippage for token swaps; and Space Gate, a native cross-chain bridge that enables frictionless asset transfers between different decentralized networks. This powerful combination establishes a robust infrastructure for DeFi activities, from simple transactions to complex yield farming strategies, all within a single, unified interface.
The native C98 token is the backbone of the Coin98 platform, functioning as both a utility and governance token. Its primary use cases include paying for service fees, staking to earn rewards and access exclusive platform privileges, and participating in the protocol’s on-chain governance. Holders of the C98 token can vote on proposals to shape the future development of the ecosystem. As a key digital asset within this multi-chain environment, C98 underpins the platform's tokenomics and incentivizes active participation, positioning Coin98 as a pivotal player in enhancing DeFi interoperability and accessibility.
The most common method is to use a regulated cryptocurrency exchange that offers a direct MXN fiat on-ramp. Users typically complete a KYC/AML verification process, deposit Mexican Pesos via a SPEI transfer or bank deposit, and then use the MXN/C98 trading pair on the order book to purchase the digital asset. This provides a secure and compliant gateway into the Coin98 DeFi ecosystem.
Yes, this is a critical step. The C98 token exists on multiple blockchains, primarily as an ERC-20 token on Ethereum, a BEP-20 token on BNB Smart Chain, and an SPL token on Solana. When withdrawing to a multi-chain wallet like the Coin98 Super App, you must select the correct network. Choosing the BEP-20 network often results in lower blockchain transaction fees compared to Ethereum's ERC-20 network.
Fees can vary between platforms, but generally include a deposit fee for the MXN fiat on-ramp, especially if using third-party services like OXXO Pay. Direct SPEI bank transfers are often cheaper or free. Additionally, there will be a trading fee (maker/taker fee) on the order book when you execute the MXN to C98 trade, and finally a blockchain network fee when you withdraw your C98 tokens to a personal digital wallet.
The C98 token is a multi-faceted utility and governance token for the Coin98 ecosystem. Its primary functions include serving as a DeFi gateway fee, enabling users to stake C98 for rewards, participating in platform governance to vote on proposals, and unlocking tiered benefits within the Coin98 Super App, which is a leading multi-chain wallet and DeFi platform.
Purchasing C98 with MXN is the first step for Mexican users to enter the comprehensive DeFi ecosystem offered by Coin98. Once acquired, C98 tokens can be transferred to the Coin98 Super App. Inside the app, users can access integrated cross-chain bridges to swap assets between different blockchains and participate in various yield farming protocols to earn passive income, all from a single interface.
After purchasing C98 on an exchange, the primary security best practice is to withdraw the digital asset to a non-custodial, multi-chain wallet that you control, such as the Coin98 Super App wallet. This transfers ownership from the exchange to you. Ensure you securely back up your wallet's private keys or seed phrase offline and never share them. This protects your C98 tokens from exchange-related risks and gives you full control for DeFi activities.