ZCHF-MXN price

The Frankencoin (ZCHF) is a decentralized stablecoin that follows the price of the Swiss Franc. It is backed by a transparent and over-collateralized reserve (~200%) of crypto-assets, mainly constituted of various wrapped Bitcoin and Ether tokens.

Right now, 1 ZCHF is worth MXN .

Right now, 1 Mexican peso is equal to ZCHF.

A stablecoin is a type of cryptocurrency designed to have the same value as a given fiat currency, like the US dollar. Its purpose is to let users invest in and out of volatile crypto-assets easily while remaining on chain, to facilitate crypto payments, and to denominate the price of other tokens in currencies that people are familiar with.

The ZCHF is backed by a 200% overcollateralized reserve of crypto-assets mainly composed of wrapped Bitcoin and ETH tokens. It is audited and the state of its reserve can be monitored in real time on the Frankencoin website, so it's reasonable to say that the ZCHF is safe.

The ZCHF is designed to follow the price of the Swiss franc, it is therefore determined by it. Maintaining such peg mechanism is challenging, and it is possible for the ZCHF to deviate from the Swiss franc price for various technical or market reasons.

You never store ZCHF in itself. Instead, you store the private key giving you access and control over a wallet address that contains ZCHF. That key is stored in a wallet, which provides an interface to use it. To learn more, read our in-depth guide on storing crypto assets.

To send ZCHF, you use a crypto wallet like Bridge Wallet where you will choose the amount to send and the destination address. Confirm and send, that's it!

You can buy Frankencoin with us here from Mexico by sending us bank transfers in MXN, avoiding that way unnecessary currency exchange fees. For more information, have a look at our step-by-step tutorial on how to buy Frankencoin.

You can swap Frankencoin here against one of the cryptocurrencies that we support, using any self-custodial Frankencoin wallet. For more information, have a look at our step-by-step tutorial on how to swap Frankencoin.

To cash out Frankencoin with us, you simply need to transfer your crypto to our address. We'll convert your ZCHF in MXN, then transfer the funds to your bank account in Mexico. For more information, have a look at our step-by-step tutorial on how to sell Frankencoin.