Find below the answers to the most common questions about the CryptoFranc stablecoin. When available, we give you links to in-depth articles for further reading.
The CryptoFranc (XCHF) is a fiat-collateralized stablecoin, which is pegged at a 1:1 ratio to the Swiss Franc. It is issued by the company Bitcoin Suisse, and its redeemability is guaranteed by a Swiss bank.
Right now, 1 XCHF is worth $.
Right now, 1 US dollar is equal to XCHF.
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. To learn more, read our introduction to stablecoins.
The XCHF 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 XCHF to deviate from the CHF price for various technical or market reasons.
You never store XCHF in itself. Instead, you store the private key giving you access and control over a wallet address that contains XCHF. 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 XCHF, 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 XCHF here by bank transfer or by card on any self-custodial wallet. For more information, have a look at our step-by-step tutorial on how to buy XCHF.
You can swap XCHF on Mt Pelerin against one of the cryptocurrencies that we support, using any self-custodial wallet. For more information, have a look at our step-by-step tutorial on how to swap XCHF.
You can cash out XCHF here easily with Mt Pelerin and withdraw funds on your bank account in one of the 12 fiat currencies that we support. For more information, have a look at our step-by-step tutorial on how to sell XCHF.
XCHF | US Dollar | |
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1 XCHF | = | |
5 XCHF | = | |
10 XCHF | = | |
15 XCHF | = | |
25 XCHF | = | |
50 XCHF | = | |
100 XCHF | = | |
1,000 XCHF | = | |
10,000 XCHF | = | |
100,000 XCHF | = | |
1,000,000 XCHF | = |
US Dollar | XCHF | |
---|---|---|
$1 USD | = | |
$5 USD | = | |
$10 USD | = | |
$15 USD | = | |
$25 USD | = | |
$50 USD | = | |
$100 USD | = | |
$1,000 USD | = | |
$10,000 USD | = | |
$100,000 USD | = | |
$1,000,000 USD | = |
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