Buy COTI with a credit card
You can buy COTI for USD and other fiat currencies here at SwapSpace! We provide an easy way to do that via one of our partners, such as Mercuryo, Guardarian, or Simplex, with a few simple steps right on this page. You can also look at COTI price dynamics and history, get some answers to your questions, and find some useful links to read more about what is COTI.
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COTI live price chart
COTI price can be volatile. You can see the history of price changes in the cryptocurrency price chart below to help you make the best decision while considering buying crypto.
As you can see, the current COTI price is 0.0961790505759426. In any case, whether you want to buy the dip or just want to buy COTI for your personal needs - we got you!
What is COTI Crypto?
COTI (Currency Of The Internet) is a blockchain protocol specifically designed for decentralized payments, built to be scalable, fast, and inexpensive.
COTI was founded by Shahaf Bar-Geffen, David Assaraf, and Dr. Nir Haloani in 2017. The team comprises individuals with backgrounds in finance, technology, and blockchain development. The founders aimed to address the shortcomings of existing payment systems and cryptocurrencies by creating a scalable, fast, and feeless payment network that could facilitate everyday transactions. They envisioned COTI as a solution that combines elements of traditional finance with innovative blockchain technology to create a robust and user-friendly platform for digital payments.
One of the main features of COTI is its scalability. It aims to provide a platform capable of handling large numbers of transactions per second (TPS), which is crucial for any payment system aspiring to be widely adopted.
COTI utilizes a directed acyclic graph (DAG) protocol called Trustchain. DAG is an alternative to traditional blockchain architecture and is known for its potential to offer higher throughput and scalability.
COTI utilizes a consensus mechanism called "Proof of Trust" (PoT), which combines elements of both Proof of Work (PoW) and Proof of Stake (PoS). PoT relies on a trust-based algorithm to validate transactions and secure the network, allowing users to participate in the consensus process based on their trust score.
COTI introduces a unique concept called the Trust Score, which is assigned to each user and merchant on the network. The Trust Score is calculated based on various factors such as transaction history, network activity, and user behavior. It aims to enhance security and reduce the risk of fraud.
COTI incorporates stability mechanisms to mitigate price volatility commonly associated with cryptocurrencies. These mechanisms include price stability algorithms and real-time mediation.
COTI aims to offer feeless transactions, making it attractive for micropayments and everyday transactions.
The project aims to play a significant role in the decentralized finance (DeFi) ecosystem by providing infrastructure and solutions for decentralized lending, borrowing, and other financial services. The platform offers tools and protocols to facilitate the creation of DeFi applications and services.
COTI offers a unique platform designed to streamline the creation of advanced fintech products for companies, leading to savings in time, data, and money. Through COTI Pay, the platform facilitates various payment types, including online and offline transactions, cryptocurrency, stablecoins, credit cards, and native coins. Additionally, it provides built-in financing options, allowing users to earn interest on deposits and loans, while also connecting to a white-label payment network.
Traditional payment systems typically incur significant costs for both merchants and customers annually. COTI's white-label payment network serves as a global payment solution, enabling users and merchants to transact freely across digital wallets, coins, and more.
Furthermore, COTI stands out as the world's first platform optimized for creating stable-price coins. Users have the capability to issue their own stablecoin, granting them full control over their funds and data.
The native cryptocurrency of the COTI network is the COTI token. It serves various purposes within the ecosystem, including transaction fees, staking for network consensus, and incentivizing users and validators.
COTI token holders have the opportunity to participate in staking and masternodes, earning rewards for securing the network and validating transactions. Staking COTI tokens also contributes to network security and stability.
The COTI token has a max and total supply capped at 2,000,000,000 COTI, and as of February 29, 2024, the circulating supply is 1,527,822,180 COTI.
COTI has established partnerships with various businesses and organizations to integrate its payment solutions and promote adoption. These partnerships span across e-commerce, finance, and other industries.
COTI aims to comply with regulatory requirements, particularly in the areas of anti-money laundering (AML) and Know Your Customer (KYC) regulations. The project also prioritizes security and conducts regular audits and assessments to ensure the integrity and robustness of its platform and protocols. Security measures are implemented to protect users' funds, data, and transactions.
Additionally, COTI provides educational resources, guides, and materials to help users and developers understand its technology, products, and ecosystem. This contributes to broader awareness and adoption of COTI's solutions.
Where to Buy COTI Tokens?
COTI tokens (COTI) can be purchased on several cryptocurrency exchanges, including popular options like Binance, Kraken, Huobi, KuCoin, Bitfinex, OKEx, Liquid, Uniswap, etc.
The Average Fees on the COTI Crypto
Unlike many other blockchain networks, COTI aims to offer feeless transactions. This feature makes it attractive for micropayments and eliminates the barrier of transaction fees that users may encounter with other cryptocurrencies or traditional payment systems.
The COTI Token Wallets
The COTI tokens can be stored in numerous available crypto wallets, including the COTI wallet that utilizes the React Native Framework, offering cross-platform functionality and easy portability. Users access the wallet with their credentials and employ a 2FA login for added security when connecting to the node manager. Once the connection is established, all communication within the wallet requires the wallet's seed, ensuring message validation and preventing spoofing or manipulation within the system.
The other options include Ledger Nano S/X, Trazor, MetaMask, Atomic Wallet, Trust Wallet, Exodus, Coinbase, imToken, TockenPocket, Infinito Wallet, Guarda Wallet, etc.
How to buy COTI on SwapSpace
On this page, we put USD in the “You send” and COTI in the “You get” sections in the widget. USD is the default, but you can choose your preferred fiat currency. Put in the amount of fiat you want to spend. Next, press the ”View offers” button and choose a provider.
Fill in the “Enter the recipient address” field with the destination COTI address. Check the information carefully and click the “Next” button. After reading the special terms and conditions in the next window, click “Next” again.
At this point, you will either see our partner’s widget or be redirected to another page, depending on the chosen provider. You will be asked to verify your identity, as this is standard practice for the services that work with fiat money. Follow the provider’s instructions on the screen.
After completing the KYC procedure, fill in your credit card information. At this point, everything is in place and your transaction will start.
Wait for the transaction to process. You’ll see a message when it’s completed. A window with your transaction details will also appear; from there, you can also create another crypto-fiat exchange.
