How To Buy PLSX (Step By Step 2024)

If you’re looking to buy PLSX, you’ve come to the right place.

This guide makes it incredibly easy to get your hands on PLSX. This token is associated with PulseX, a popular decentralized exchange on PulseChain.

Do note, however, that PLSX is an entirely different token to PulseChain’s PLS. If you’re looking to buy $PLS, check out this step-by-step guide instead.

Otherwise, without further ado, let’s dive into the best way to buy PLSX in 2024.

Step One: Set Up Your Self-Custody Crypto Wallet

The first step, and the most important step for any new crypto holder, is to set up your very own self-custody crypto wallet.

If you already have a self-custody wallet, feel free to skip to Step 2.

The cryptocurrency movement was designed to remove the need for middlemen. When you use a self-custody crypto wallet, you get to live out the purpose of crypto by keeping your money under your control.

To set up a self-custody wallet:

• Choose between trusted wallets with a good track record.
• Follow the steps on their website to set up your wallet.
• Ensure that you have your seed phrases backed up offline (such as on paper) in multiple places.
• Ensure that only you have access to your public key.

Step Two: On-Ramp from Fiat to Crypto

To buy PLSX, you’ll first need to on-ramp from fiat currencies (like the US dollar) to the cryptocurrency of your choice. For the purposes of buying PLSX, the most efficient coins to get are ETH or BSC.

If you already own crypto in your self-custody wallet, skip to Step 3.

There are three main ways to on-ramp:

1. Centralized Exchanges

Centralized exchanges hold large sums of crypto and fiat currencies, allowing users to conveniently trade between them.

However, as they can put you at risk of having your funds stolen, lost, or frozen, it’s best to minimize your exposure to centralized exchanges where possible.

For more information on crypto’s #1 rule, read our article Not Your Keys, Not Your Coins (Here's Why).

When buying crypto from a centralized exchange, it is generally safer to send your new coins straight to a crypto wallet that only you have custody of.

To convert fiat into crypto through a centralized exchange (CEX), follow these steps:

-Set up an account on a CEX.

-Link your bank account and transfer USD or other fiat currencies to your account.

-Swap your fiat for a cryptocurrency such as USDC or ETH.

-Send your crypto directly from the centralized exchange to your self-custody wallet.

2. Credit Card On-Ramp

Some services allow users to buy crypto directly with their credit card. These services are non-custodial, and will send crypto straight to your self-custody wallet.

Here’s how using one of these services works:

• - Find a credit card on-ramp service that you trust.
• - Enter the necessary payment information.
• - Buy crypto and send it to the wallet address tied to your self-custody wallet.

3. Bank Account On-ramp

Some services, such as 0xCoast, allow users to send cash from their bank accounts and mint a stablecoin that is sent directly to their self-custody wallets.

0xCoast also enables users to on-ramp directly to PulseChain (PLS), bypassing the need to bridge from other networks (as outlined in Step Three). 

To use a bank account on-ramp to get crypto:

• - Find a DeFi tool that supports this functionality.
• - Follow the instructions on the project’s website.

Step Three: Bridge to PulseChain

Once you’ve gotten ETH or a stablecoin into your self-custody wallet, you can wrap it and send it to PulseChain using a bridge.

PulseRamp is one such protocol which allows users to bridge to PulseChain.

For a detailed explanation on how to use PulseRamp to bridge your crypto to PulseChain, visit our guide.

Step Four: Swap Your PLS for PLSX

If you’ve successfully set up a wallet, on-ramped, and bridged value to PulseChain, there’s only one thing left to do: swap your $PLS for PLSX.

Of course, the easiest place to do that is directly on PulseX itself. 

All you have to do is navigate to app.pulsex.com and click the first link under “IPFS”.

From there, simply connect your wallet, choose PLS in the first slot, and choose PLSX in the second slot.

Finally, click “Swap” on PulseX’s user interface and confirm the transaction in your wallet.

Once complete, you’ve successfully bought PLSX!

Buying PLSX at the Best Price

PulseX is not the only decentralized exchange on PulseChain, which means there may be better deals elsewhere. As a result, it’s worth doing your own research and looking into decentralized exchange aggregators.

If you’re looking to learn more about how to find the best prices on PLSX and other coins, check out our article: Effortlessly Get The Best Deal on Decentralized Exchanges.