Sell Alchemix (ALCX)

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What is Alchemix?

Alchemix is a decentralised autonomous organisation (DAO) that allows users to collateralise their loans and turn this collateral into synthetic tokens that can then be borrowed. ALCX is the governance token of the Alchemix ecosystem.

  • Alchemix provides flexible interest loans that aim to pay themselves off over time. This is done by depositing the collateral for the loan into a yield generating platform. The yield generated is then used to repay the initial loan.
  • With the aim of making liquidations a thing of the past, Alchemix aims to never liquidate a deposit, allowing users to self-liquidate at their own discretion.
  • ALCX can be used to participate in on-chain governance, allowing users to contribute liquidity to staking pools, and be rewarded with a portion of transaction fees.

Alchemix’s goal is to utilise DeFi technology to be a flexible loan provider that allows the end user to leverage their assets without the risk of liquidations. ALCX allows holders to vote on governance proposals and influence the Alchemix ecosystem.

How do I sell Alchemix?

Enter amount to sell
Enter the amount of Alchemix (or AUD equivalent) you would like to sell.
Confirm & sell
Click 'Sell' to confirm your Alchemix sale. Your sale will process within minutes.
That’s it!
You’ve sold Alchemix! To sell Alchemix, you must first own an amount of Alchemix. To buy or sell Alchemix register for a CoinSpot account here & verify in minutes.

Learn more about Alchemix

Why Should I Trade ALCX with CoinSpot?

CoinSpot is Australia’s largest cryptocurrency platform that has been operating since 2013 and is trusted by over two million Australians. We make it easy to buy and sell Alchemix no matter what your trading experience is. Unlike other international and Australian Alchemix exchanges that require experience and technical knowledge, we make the entire trading process simple for beginners and advanced traders alike.

CoinSpot provides layered security and advanced support systems so you can buy Alchemix with peace of mind and the comfort knowing support is available everyday to help. There are multiple trading options on our exchange that allow you to conveniently trade Alchemix how you want to. You will feel familiar with CoinSpot from the beginning and have access to everything you need to buy, sell and manage your cryptocurrency.

How do you store your Alchemix?

Storing on CoinSpot

Due to CoinSpot’s flexible Multicoin Wallet, storing your digital currency is simple. Just by creating your CoinSpot account you will automatically be given your own unique wallet where you can store your Alchemix for free.

Cold Storage

If you are holding Alchemix as a long term investment, you can utilise a cold storage wallet and send your coins there from your CoinSpot account. A cold wallet is a wallet which is completely offline (not connected to the internet) and is a popular option amongst people who prefer to hold their coins, rather than regularly trade.

Frequently asked questions

Right here! CoinSpot offers traders a fast, simple, easy and secure way to buy Alchemix. We are trusted by over two million customers and with just a few clicks, you can exchange Australian Dollars or other cryptocurrencies for Alchemix. CoinSpot helps users easily buy crypto, build their portfolio, make secure purchases and invest in this exciting asset class.
Alchemix has a floating exchange rate – meaning its price is set by individual vendors based on available supply and demand. As Alchemix is a globally traded asset, the price can vary across the world based on order books, volume, exchange rates and service fees of each individual Alchemix exchange.
Cryptocurrency differs from other traditional trading options as you can make fractional purchases, meaning you don’t have to buy whole coins. This means you can start investing in Alchemix & other digital currencies with as little as $1!
Practicing safe investing is best treated as a shared effort. CoinSpot provides a list of security tips that we recommend putting into practice to ensure you’re keeping yourself secure. Step one to buying Alchemix safely however is using a reputable exchange such as CoinSpot. We are the first Australian exchange to be awarded the internationally recognised ISO 27001 certification for security management and processes. Operating since 2013, we’re proud to say we’re Australia’s most trusted exchange. Start your Alchemix portfolio here.
Yes! With CoinSpot you can convert your Alchemix to AUD (Australian Dollars) instantly. You can also withdraw AUD to your Australian bank account for free with no withdrawal limits.

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