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What is Stacks?

Stacks (STX) functions as a Bitcoin Layer for smart contracts. It allows desentralised applications (DApps) to use Bitcoin to settle transactions via the Bitcoin blockchain. STX is the native token of the Stacks ecosystem.

  • Stacks is built upon the Bitcoin blockchain and uses it as the base layer. By doing so, and using their own innovative consensus mechanism, Proof of Transfer (PoX), Stacks is able to leverage Bitcoins security mechanisms.
  • Stacks aims to give Bitcoin new functionality, this includes the development of smart contracts and DApps. The Clarity programming language used by Stack to create these smart contracts aims to protect the end user by preventing bugs and common exploits.
  • STX is a vital part of the PoX consensus model. It is used for incentivising Stacks miners, incentivising signers who help to uphold its peg mechanism and more. The aim of this is to maintain an open and decentralised system.

Stacks (STX) aims to create new functionality for Bitcoin. By acting as a layer for smart contracts on the Bitcoin blockchain individuals are able to develop and use DApps while knowing they are backed by the security of the Bitcoin blockchain.

How do I swap Stacks?

Enter amount to swap
Select the quantity of Stacks you would like to swap.
Select coin to swap with
Select the coin you would like to swap with.
Confirm & swap
Click 'Swap' to confirm. Your coins will arrive in your wallet within minutes!

Learn more about Stacks

Why Should I Trade STX with CoinSpot?

CoinSpot is Australia’s largest cryptocurrency platform that has been operating since 2013 and is trusted by over three million Australians. We make it easy to buy and sell Stacks no matter what your trading experience is. Unlike other international and Australian Stacks 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 Stacks 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 Stacks 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 Stacks?

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 Stacks for free.

Cold Storage

If you are holding Stacks 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 Stacks. We are trusted by over three million customers and with just a few clicks, you can exchange Australian Dollars or other cryptocurrencies for Stacks. CoinSpot helps users easily buy crypto, build their portfolio, make secure purchases and invest in this exciting asset class.
Stacks has a floating exchange rate – meaning its price is set by individual vendors based on available supply and demand. As Stacks 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 Stacks 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 Stacks & 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 Stacks 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 Stacks portfolio here.
Yes! With CoinSpot you can convert your Stacks 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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