Purchase Coin98 (C98) with Saudi riyal (SAR) 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 using a regulated cryptocurrency exchange that offers a SAR fiat on-ramp. Users typically need to complete KYC/AML compliance, then deposit SAR via a local bank transfer or a Mada card. Once funded, you can execute a trade on the SAR/C98 order book to acquire the C98 digital asset.
Always use a reputable exchange with strong security features like two-factor authentication (2FA). For long-term holding, it's highly recommended to withdraw your C98 tokens from the exchange to a non-custodial, multi-chain wallet like the native Coin98 Wallet. This gives you full control over your private keys and digital assets, reducing counterparty risk.
Typically, you will encounter three types of fees. First, a deposit fee for your SAR fiat on-ramp, which can vary depending on whether you use a bank transfer or card. Second, a trading fee on the cryptocurrency exchange, often a small percentage of the trade value. Finally, a blockchain transaction (or gas) fee if you decide to withdraw your C98 tokens to an external digital wallet.
The C98 token is the governance token for the Coin98 ecosystem, a comprehensive DeFi gateway. Its utility includes staking for rewards, paying for services within the Coin98 Super App, and participating in governance votes. It acts as a key to unlock cross-chain features like DEX aggregation and yield farming opportunities across multiple blockchains.
Absolutely. Coin98 is designed as a DeFi gateway with a powerful cross-chain bridge. Once you acquire C98 tokens (which can exist as ERC-20, BEP-20, or SPL tokens), you can use the Coin98 Super App to bridge them between different blockchains like Ethereum, BNB Chain, and Solana. This enables you to access DeFi protocols on various networks seamlessly.
While the regulatory landscape is evolving, several global and regional cryptocurrency exchanges are licensed to operate and serve clients in Saudi Arabia. It is crucial to use a platform that complies with SAMA (Saudi Arabian Monetary Authority) guidelines and explicitly supports SAR deposits and withdrawals. Always verify the platform's regulatory status and supported trading pairs before committing funds.