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Polish Zloty (PLN) to API3 (API3) Instantly

Purchase API3 (API3) with Polish Zloty (PLN) easily at Switchere and benefit from fast, secure transactions.

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About
API3 (API3)

API3 is a collaborative project dedicated to building, managing, and monetizing decentralized APIs (dAPIs) at scale, directly addressing the blockchain oracle problem. It aims to connect smart contracts with real-world, off-chain data in a more secure, transparent, and cost-effective manner. Unlike traditional oracle models that rely on third-party intermediaries, API3 champions a first-party oracle solution. This model allows API providers to run their own oracle nodes, called Airnodes, with minimal effort. This direct data sourcing from the provider to the blockchain technology eliminates the need for middlemen, reducing attack vectors and increasing the reliability of on-chain data feeds for various DeFi applications and Web3 infrastructure.

The core of the ecosystem is the API3 token, a digital asset that functions as both a utility and governance token. Token holders can participate in the API3 DAO, which governs the entire network, including the selection of dAPIs and collateral management. Staking the API3 token is a crucial component of its tokenomics, as it provides a security collateral and an insurance-like mechanism for users of the dAPIs, guaranteeing service quality and data integrity. This cryptographic security model aligns incentives between API providers, dApp developers, and the DAO, fostering a robust and decentralized Web3 API economy.

API3 (API3)

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How to Buy API3 (API3)

  1. Select currency menu

    Choose PLN to API3 Pair

    Select your preferred payment method and enter the amount.

  2. Crypto address page

    Enter Your API3 Wallet Address

    Provide your API3 wallet address and proceed with the payment.

  3. Confirmation page

    Receive Your API3

    Complete the payment, and your API3 will be sent to your wallet.

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Frequently Asked Questions

  • What's the most common way to buy API3 tokens using Polish Złoty (PLN)?

    Typically, you would use a cryptocurrency exchange that supports PLN deposits as a fiat on-ramp. Users often deposit PLN via a bank transfer or a local payment method like BLIK. Once your account is funded, you might need to trade PLN for a major cryptocurrency like USDT or BTC first, and then use that to purchase API3 on the exchange's order book, as direct PLN/API3 pairs are less common. This process requires KYC/AML compliance.

  • After buying API3 with PLN, what kind of digital wallet do I need for secure storage?

    API3 is an ERC-20 token on the Ethereum blockchain and other EVM-compatible chains. For secure, self-custody storage, you need an ERC-20 compatible wallet. For maximum security against online threats, a hardware wallet like a Ledger or Trezor is highly recommended. Software wallets such as MetaMask or Trust Wallet are also popular options, but it's crucial to safeguard your private keys or seed phrase.

  • Are there specific KYC requirements for purchasing API3 with PLN on Polish-facing exchanges?

    Yes, any reputable cryptocurrency exchange acting as a fiat on-ramp for PLN is subject to strict KYC (Know Your Customer) and AML (Anti-Money Laundering) regulations. To purchase digital assets like API3, you will need to verify your identity by providing a government-issued ID (like a passport or national ID card) and often proof of address. This is a standard security measure for regulatory compliance.

  • What is the primary function of the API3 token within its decentralized oracle network?

    The API3 token is a governance token that grants holders voting rights in the API3 DAO. Token holders can participate in governing the project, such as setting policies for dAPIs (decentralized APIs) and managing the treasury. Additionally, staking API3 tokens is a core mechanism for securing the network and aligning incentives between users and the API providers who run first-party oracles via Airnode technology.

  • What distinguishes API3's first-party oracle model from other oracle solutions?

    Unlike traditional oracle networks that use third-party nodes to fetch data from APIs, API3's model enables API providers themselves to run their own oracle nodes (Airnodes). This creates a direct link between the data source and the smart contract, eliminating middlemen. This 'first-party' approach aims to enhance data transparency, reduce attack vectors, and solve the 'Oracle Problem' more efficiently by making the API providers directly responsible for the data they serve on-chain.

  • What types of fees should I expect when executing a PLN to API3 trade?

    There are typically three types of fees. First, a deposit fee for your PLN, which can vary depending on the method (e.g., bank transfer vs. BLIK). Second, a trading fee on the cryptocurrency exchange, which is usually a small percentage of the trade value. If you trade PLN to USDT and then USDT to API3, you'll pay this fee twice. Third, a withdrawal fee to move your API3 tokens from the exchange to your personal digital wallet, which includes the network's gas fees for the blockchain transaction.

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