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Table Of Contents
Paribus is self-described as a, ‘…cross-chain decentralized finance protocol aiming to unlock underlying liquidity for a variety of conventional and unconventional digital assets’.
Built atop the Cardano network, Paribus notes that it is able to offer features such as cheap transactions, high speeds, reliability, and a blossoming ecosystem.
Beyond the aforementioned perks, Paribus has developed various platform services for users to take advantage of. These include,
- NFT Collateral-based Loans
- NFT Staking
- LP Staking
- LP Collateral-based Loans
- Lend/Borrow/Stake Synthetic Assets
- PBX Token Profit Sharing
Pivotal to Paribus as a whole, is its native token known as ‘PBX’. These tokens not only play a role in governance through various voting rights, but also provide holders with rewards garnered from platform fees.
Overall, Paribus hopes that its offering will, ‘provide a consolidated destination in which users can easily and freely participate in this financial revolution [DeFi]’.
The team behind Paribus is spearheaded by CEO, Deniz Dalkilic – a software engineer specializing in blockchain and DeFi.
We list the top 3 exchanges that offer the ability to buy Paribus (PBX) cryptocurrency with a credit card, debit card, or Bitcoin (BTC).
KuCoin is a well-known name in the industry, and one of the most competitive when it comes to fees and trading costs. The exchange has grown exponentially from its early days of offering only crypto to crypto trading. It now offers a varied range of services including a P2P exchange capability, and purchasing with credit or debit cards.
KuCoin currently offers Paribus (PBX) cryptocurrency trading as well as over 300 other popular tokens. It is often the first to offer buying opportunities for new tokens.
This exchange currently accepts USA residents.
Established in 2013, Gate.io has grown in to a reputable trading platform. While it is not the most popular exchange, it provides users with an easy to use interface for beginners while maintaining robust and advanced charts for various skill levels – including technical traders. The exchange boasts a large number of altcoins including Paribus (PBX), and is often the first exchange to add new tokens. Notably, Gate.io maintains a strong stance against any type of market manipulation.
This exchange currently accepts Australia & UK residents.
USA & Canada residents are prohibited.
Uniswap is a decentralized exchange (DEX) for swapping tokens, which uses an automated market maker (AMM) model that allows users to trade against a liquidity pool. While this is obviously a good option to purchase Paribus (PBX), we only recommend this platform for advanced users. Due to the fact that this is exchange is decentralized, you are liable for any losses due to errors made.
Learning to use decentralized exchanges is not for the faint of heart. We recommend Gate.io instead.
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