What is the current price of CryptoFranc (XCHF)?

The current price of CryptoFranc (XCHF) is 1.7123496832610299 AUD, representing a -0.98 from the day prior.

Can I buy CryptoFranc (XCHF) on Coinstash?

Yes - you can easily buy and sell CryptoFranc (XCHF) on Coinstash. Simply login or sign up, to start buying CryptoFranc (XCHF) in minutes.

Where is the best place to buy CryptoFranc (XCHF) in Australia?

The best place to buy CryptoFranc (XCHF) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell CryptoFranc (XCHF) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.

What is the daily trading volume of CryptoFranc (XCHF)?

The trading volume of CryptoFranc (XCHF) is 0 AUD in the last 24hrs, representing a -0.98 from the day prior.

How can I buy CryptoFranc (XCHF)?

CryptoFranc (XCHF) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.

What is the market cap of CryptoFranc (XCHF)?

The current market cap of CryptoFranc (XCHF) is 0 AUD.

Can I convert CryptoFranc (XCHF) to cash?

Yes - With Coinstash you can convert your CryptoFranc (XCHF) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.

How many CryptoFranc (XCHF) are there?

The current circulating supply of CryptoFranc (XCHF) is 0.

Is Coinstash a safe place to buy CryptoFranc (XCHF) in Australia?

Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling CryptoFranc (XCHF) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices here.

Buy CryptoFranc (XCHF)

What is CryptoFranc?

CryptoFranc (XCHF) is an ERC-20 stablecoin issued by Swiss Crypto Tokens AG, a subsidiary of Bitcoin Suisse AG. It represents a Swiss Franc denominated bond and is fully backed by physical CHF bank notes, which are audited monthly by Grant Thornton Bank Audit Ltd. It is designed to be a stablecoin, providing a reliable and secure means of exchange and store of value within the blockchain ecosystem.

How does CryptoFranc work?

CryptoFranc operates on the Ethereum blockchain, utilizing the ERC-20 standard, which ensures compatibility with a wide range of Ethereum-based applications. As an ERC-20 token, it benefits from the security and reliability provided by Ethereum's smart contracts. The coin is pegged 1:1 to the Swiss Franc, ensuring its stability as a currency. Its backing by physical CHF bank notes adds an additional layer of security, with monthly audits by Grant Thornton Bank Audit Ltd to verify the holdings.

What are the potential use cases for CryptoFranc?

CryptoFranc (XCHF) can be used in various scenarios where stability and reliability are required:

Stable Store of Value: It serves as a safe method to store assets without exposure to the volatility typical of cryptocurrencies.
Hedge Against Volatility: Investors can use XCHF to protect against cryptocurrency market fluctuations.
DeFi Applications: It is suitable for use in decentralised finance (DeFi) platforms for lending, borrowing, and collateralisation.
Cross-border Payments: Facilitates quick, stable cross-border transactions without the exchange rate risks associated with traditional fiat currencies.
Financial Services: It can be used in settlements and as a medium of exchange in financial transactions, supporting industries such as e-commerce and digital economies.

What is the history of CryptoFranc?

CryptoFranc (XCHF) is the result of efforts by Swiss Crypto Tokens AG to introduce a stablecoin that supports the Swiss blockchain ecosystem. While specific historical details such as the founding team and exact launch date are not extensively documented, the token is notable for its monthly audit process and backing by physical Swiss Francs, ensuring transparency and trust. It was designed to mitigate volatility and counterparty risks often associated with traditional fiat currencies and cryptocurrencies.