How and Where to Buy LuxFi (LXF) – Detailed Guide
- What is LXF?
- Step 1: Register on Fiat-to-Crypto Exchange
- Step 2: Buy USDT with fiat money
- Step 3: Transfer USDT to an Altcoin Exchange
- Step 4: Deposit USDT to exchange
- Step 5: Trade LXF
- Last Step: Store LXF securely in hardware wallets
- Other useful tools for trading LXF
- Frequently Asked Questions
- Latest News for LXF
- LXF Price Prediction and Price Movement
What is LXF?
What Is LuxFi $LXF?
LuxFi is the world’s first asset-backed NFT marketplace for luxury assets where everyone can create NFTs that are backed by real-world luxury assets for selling, buying and investing in luxury assets using cryptocurrencies and traditional payments.
LuxFi's Asset-backed NFT:
Luxury Watches, Branded Handbags, Limited Edition Sneakers, High-end Jewelry, Collectible Items, Art Pieces, Gold and Diamonds.
Hightlights of LuxFi's NFT Marketplace:
Focus on luxury assets that hold value well and have high resale value. / Use cryptos to buy, sell and invest into NFT-backed luxury asset with ease. / Tiered memberships to access NFT private auction sales and priority sale privilege. / Global Price trend and history of each asset.
LuxFi's NFT Marketplace vs Traditional Ecommerce And Other NFT Marketplaces In The Market:
Bridging The Gap Between Real-wrold Luxury Assets and NFTs / Use NFT as an authentication certificate of the physical asset / Use product fingerprint technology or embed NFC chip in the product to tie physical asset with its NFT / Decentralized verifiers network in different countries for asset authentication / Provide local custody services to its investors for storage and asset verification
Who Is the Founder of LuxFi?
Aidaa Wong is the founder and CEO of LuxFi. She is known as a dedicated business entrepreneur in the luxury and cutting-edge technology fields, having a strong sense of style and developing a passion as a fashion designer and worked in luxury brands at a very early age.
Aidaa was working along with leading figures in the fashion industry for more than a decade. Besides working in various fashion groups before, she has also received invitations to be a guest art director and guest stylist by a series of international fashion magazines. Her passion for the fashion industry reached a turning point after university, when she worked as a designer for the Max Mara Fashion Group in Italy, showcasing her great talent and providing deep knowledge of the insights and trends in the luxury industry.
$LXF Is The Native Utility Token of The LuxFi Platform:
It’s the anchor of all the services and ecosystem around luxury assets and NFTs. Authentication: Use $LXF to authenticate the real-world asset. / Asset Tokenization: Use $LXF to convert physical assets to NFTs and list on the marketplace. / Redemption: Use $LXF to redeem the physical assets. / Verification: Use $LXF to verify if the physical item is the original and authenticated asset of the NFT. / Transaction Fee: Use $LXF to transfer the ownership of the NFT-backed assets. / Custodian Services: Use $LXF to store the assets in local custody. / Referral Rewards: Earn $LXF by referring friends and users to LuxFi network. / Providing Data: Earn $LXF for providing asset data to enhance the data intelligence system. / Staking: Stake $LXF to join tiered memberships, earn yield and win luxury asset-backed NFT mystery boxes.
How Many $LXF Tokens Are There in Circulation?
The total $LXF supply is 100,000,000 tokens. The breakdown of $LXF: 50% Ecosystem divided into: 30%: Staking Rewards, 10%: Marketplace Rewards, 5%: Promotional Rewards, 5%: Partnerships / 20% Token Sales divided into: 18.07%: Private Round, 1.93%: Public Round / 12.5% Team / 2.5% Advisors / 10% Treasury /5% Liquidity
Where Can I Buy $LXF Token?
$LXF is listed on Uniswap and BitMart
Related Pages:
Learn about LuxFi Private Fundraising Round from Investors And Tokenomics
Discover How It Is Being a Member of the LuxFi Community
Read about Real-World Asset-Backed NFTs — What Does it Mean?
Discover How To Buy, Sell and Invest With LuxFi NFT Marketplace
Discover LuxFi’s Detailed Tokenomics
Examples of Partnerships:
The LuxFi Chainlink Node is Now Live, Giving DApps Access to Luxury Goods Data
LuxFi Announces Strategic Partnership with API3
LuxFi Announces a Strategic Partnership with RioDeFi
LuxFi Announces Strategic Partnership with NSAV
Strategic Partnership between LuxFi x VIP Station
LuxFi and TaoBao HK Join Hands to Form New Strategic Partnership
LuxFi Enters Strategic Partnership with Refinable to Innovate NFT Marketplace
LuxFi Forms Strategic Partnership with AdEx
LuxFi Forms Partnership with STASIS
and more…
LXF was first tradable on 8th Nov, 2021. It has a total supply of 100,000,000. As of right now LXF has a market capitalization of USD $289,024.77. The current price of LXF is $0.00289 and is ranked 3834 on Coinmarketcap and has recently surged 26.19 percent at the time of writing.
LXF has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying USDT from any fiat-to-crypto exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy LXF.
Step 1: Register on Fiat-to-Crypto Exchange
You will have to first buy one of the major cryptocurrencies, in this case, USDT (USDT). In this article we will walk you through in details two of the most commonly-used fiat-to-crypto exchanges, Uphold.com and Coinbase. Both exchanges have their own fee policies and other features that we will go through in detail. It is recommended that you try both of them and figure out the one that suits you best.
Select Fiat-to-Crypto Exchange for details:
- UpHold
Being one of the most popular and convenient fiat-to-crypto exchanges, UpHold has the following advantages:
- Easy to buy and trade among multiple assets, more than 50 and still adding
- Currently more than 7M users worldwide
- You can apply for UpHold Debit card where you can spend the crypto assets on your account like a normal debit card! (US only but will be in the UK later)
- Easy to use mobile app where you can withdraw fund to a bank or any other altcoin exchanges easily
- No hidden fees and any other account fees
- There are limited buy/sell orders for more advanced users
- You can easily set up recurring deposits for Dollar Cost Averaging (DCA) if you intend to hold cryptos long term
- USDT, which is one of the most popular USD-backed stablecoins (basically a crypto that is backed by real fiat money so they are less volatile and can be treated almost as the fiat money it's pegged with) is available, this is more convenient if the altcoin you intend to buy has only USDT trading pairs on the altcoin exchange so you don't have to go through another currency conversion while you buy the altcoin.
Type your email and click 'Next'. Make sure you provide your real name as UpHold will need it for account and identity verification. Choose a strong password so that your account isn't vulnerable to hackers.
You will receive a confirmation email. Open it and click on the link within. You will then be required to provide a valid mobile number to set up two-factor authentication (2FA), it is an extra layer to the security of your account and it is highly recommended that you keep this feature turned on.
Follow the next step to finish your identity verification. These steps are a bit daunting especially when you are waiting to buy an asset but just like any other financial institutions, UpHold is regulated in most countries such as the US, the UK and the EU. You can take this as a trade-off to using a trusted platform to make your first crypto purchase. Good news is that the whole so-called Know-Your-Customers (KYC) process is now fully automated and it shouldn't take more than 15 minutes to finish.
Step 2: Buy USDT with fiat money
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer. You may be charged higher fees depending on your credit card company and the volatile prices when using cards but you will also make an instant purchase. While a bank transfer will be cheaper but slower, depending on the country of your residence, some countries will offer instant cash deposit with low fees.
Now you are all set, on the 'Transact' screen under the 'From' field, select your fiat currency, and then on the 'To' field choose USDT, click preview to review your transaction and the click confirm if everything looks good... and congrats! You've just made your first crypto purchase.
Step 3: Transfer USDT to an Altcoin Exchange
- BitMart
But we are not done yet, since LXF is an altcoin we need to transfer our USDT to an exchange that LXF can be traded, here we will use BitMart as our exchange. BitMart is a popular exchange to trade altcoins and it has a large number of tradable altcoins pairs. Use the link below to register your new account.
BitMart is a crypto exchange from the Cayman Islands. It became available to the public in March 2018. BitMart has a truly impressive liquidity. At the time of the last update of this review (20 March 2020, right in the middle of the crisis with COVID-19), BitMart’s 24 hour trading volume was USD 1.8 billion. This amount placed BitMart on place no. 24 on Coinmarketcap’s the list of exchanges with the highest 24 hour trading volumes. Needless to say, if you start trading here, you will not have to worry about the order book being thin. Many exchanges does not allow investors from USA as customers. As far as we can tell, BitMart is not one of those exchanges. Any US-investors interested in trading here should in any event form their own opinion on any issues arising from their citizenship or residency.
After going through a similar process as we've done before with UpHold, you will be advised to set up 2FA authentication as well, finish it as it adds extra security to your account.
Step 4: Deposit USDT to exchange
Depends on the policies of the exchange you might be required to go through another KYC process, this should usually take you from 30 minutes to possibly a few days maximum. Though the process should be straight-forward and easy to follow. Once you're done with it you should have full access to your exchange wallet.
If this is your first time making a crypto deposit, the screen here may look a bit scary. But don't worry, it's basically simpler than making a bank transfer. At the box on the right, you will see a string of random numbers saying 'USDT address', this is a unique public address of your USDT wallet at BitMart and you can receive USDT by giving this address to the person to send you the funds. Since we are now transferring our previously bought USDT on UpHold to this wallet, click on 'Copy Address' or right-click on the full address and click copy to grab this address to your clipboard.
Now head back to UpHold, go to the Transact screen and click on USDT on the "From" field, choose the amount you wan to send and on the "To" field choose USDT under "Crypto Network", then click "Preview withdraw".
On the next screen, paste the wallet address from your clipboard, for security consideration you should always check if both addresses are matching. It is known that there are certain computer malware that would alter the content in your clipboard into another wallet address and you will be essentially sending funds to another person.
After reviewing, click 'Confirm' to proceed, you should receive a confirmation email instantly, click on the confirmation link in the email and your coins are on the way to BitMart!
Now go back to BitMart and head to your exchange wallets, don't worry if you haven't seen your deposit here. It is probably still being verified in the blockchain network and it should take a few minutes for your coins to arrive. Depending on the network traffic condition of the USDT network, during busy times it may take even longer.
You should receive a confirmation notification from BitMart once your USDT has arrived. And you are now finally ready to purchase LXF!
Step 5: Trade LXF
Go back to BitMart, then go to 'Exchange'. Boom! What a view! The constantly flicking figures might be a bit scary, but relax, let's get our heads around this.
In the right column there is a search bar, now make sure "USDT" is selected as we are trading USDT to altcoin pair. Click on it and type in "LXF", you should see LXF/USDT, select that pair and you should see a price chart of LXF/USDT in the middle of the page.
Below there is a box with a green button that says "Buy LXF", inside of the box, choose the "Market" tab here as that is the most straight-forward type of buying orders. You can either type in your amount or choose what portion of your USDT deposit you would like to spend on buying, by clicking on the percentage buttons. When you have confirmed everything, click "Buy LXF". Voila! You have finally bought LXF!
Last Step: Store LXF securely in hardware wallets
Ledger Nano S
- Easy to set up and friendly interface
- Can be used on desktops and laptops
- Lightweight and Portable
- Support most blockchains and wide range of (ERC-20/BEP-20) tokens
- Multiple languages available
- Built by a well-established company found in 2014 with great chip security
- Affordable price
Ledger Nano X
- More powerful secure element chip (ST33) than Ledger Nano S
- Can be used on desktop or laptop, or even smartphone and tablet through Bluetooth integration
- Lightweight and Portable with built-in rechargeable battery
- Larger screen
- More storage space than Ledger Nano S
- Support most blockchains and wide range of (ERC-20/BEP-20) tokens
- Multiple languages available
- Built by a well-established company found in 2014 with great chip security
- Affordable price
If you are planning to keep("hodl" as some may say, basically misspelt "hold" which get popularised over time) your LXF for a considerable long time, you may want to explore ways of keeping it safe, although Binance is one of the safest cryptocurrency exchange there had been hacking incidents and funds were lost. Because of the very nature of the wallets in exchanges, they will be always online("Hot Wallets" as we call them), therefore exposing certain aspects of vulnerabilities. The safest way of storing your coins to date is always putting them into a type of "Cold Wallets", where the wallet will only have access to the blockchain(or simply "go online") when you send out funds, reducing the chances of hacking incidents. A paper wallet is a type of free cold wallet, it's basically an offline-generated pair of public and private address and you will have it written somewhere, and keep it safe. However, it is not durable and is susceptible to various hazards.
Hardware wallet here is definitely a better option of cold wallets. They are usually USB-enabled devices that store the key information of your wallet in a more durable way. They are built with military-level security and their firmware are constantly maintained by their manufacturers and thus extremely safe. Ledger Nano S and Ledger Nano X and are the most popular options in this category, these wallets cost around $50 to $100 depending on the features they are offering. If you are holding your assets these wallets are a good investment in our opinion.
Frequently Asked Questions
Can I buy LXF with cash?
There is no direct way to buy LXF with cash. However, you can use marketplaces such as LocalBitcoins to first purchase USDT, and finish the rest of the steps by transferring your USDT to respective AltCoin exchanges.
LocalBitcoins is a peer-to-peer Bitcoin exchange. It is a marketplace where users can buy and sell Bitcoins to and from each other. Users, called traders, create advertisements with the price and the payment method they want to offer. You can choose to buy from sellers from a certain nearby region on the platform. is after all a good place to go to buy Bitcoins when you can't find your desired payment methods anywhere else. But prices are usually higher on this platform and you have to do your due diligence to avoid getting scammed.
Are there any quick ways to buy LXF in Europe?
Yes, in fact, Europe is one of the easiest places to buy cryptos in general. There are even online banks which you can simply open an account and transfer money to exchanges such as Coinbase and Uphold.
Are there any alternative platforms to buy LXF or Bitcoin with credit cards?
Yes. is also a very easy to use platform for buying Bitcoin with credit cards. It is an instant cryptocurrency exchange that allows you to exchange crypto fast and buy it with a bank card. Its user interface is very easy to use and the buying steps are pretty self-explanatory.
Latest News for LXF
