NavCoin is a cryptocurrency. Digital currencies, such as Bitcoin, are easy to track down. The data of the transactions are public and visible to everyone, and although cryptocurrencies are often portrayed as being particularly private and anonymous, this is not entirely true.
In contrast, NavCoin offers an alternative to the typical payment method. With Nav Tech, private non-traceable payments can be sent completely anonymously. For this purpose, a so-called dual blockchain system is used.
Here, the transactions are encrypted and sent by another blockchain. This function is already pre-installed in the offered digital wallets and can be used immediately.
A variety of wallets
With this cryptocurrency, a number of different media can be used for the wallets. For example, NavCoin Core is available for Windows, macOS and Linux. It should also be noted that 5 percent interest can be earned. For this, the wallet only has to be operated in staking mode.
The interest is calculated on the value in the wallet. Furthermore, it is possible to download a wallet in the form of NavCoin Electrum. This is faster to set up because it uses external block data. It supports the same operating systems as NavCoin Core.
Finally, there is a mobile wallet for Android. This digital currency is also available in the Coinomi Multi Wallet. In addition, NavCoin is available for the Raspberry Pi. There is also a paper wallet generator. With these comprehensive options, there really is something for everyone.
Once you’re done downloading and installing the wallet, you can begin using it. First, however, coins are needed. Changelly can be used for direct purchase by credit card. However, there is a fee of 0.5 percent. Alternatively, the cryptocurrency is available on stock exchanges, which include, for example, Bittrex, Bitsquare, Alcurex, Litebit, Nova Exchange, Cryptopia or Poloniex.
The website offers a variety of features, which are explained partially with video instructions. These are then supplemented by frequently asked questions, which also explain basic concepts to beginners. A roadmap provides information on the status of the current destinations and about current news.
If you have problems, contact NavCoin technical support. Other concerns can be addressed using official social media sites, such as Twitter, Facebook, Reddit, Medium, Discord and Telegram. There is also a forum, as well as a listing of team members.
In this list, further information of the employees is visible, including their contact information. In order to stay up to date on the latest changes, you can also register for the newsletter.
A small feature of the site is the existing online shop. A link will take you to a separate page. After registration, items such as shirts, stickers and caps with appropriate advertising is available for purchase. This also includes available hardware.
These purchases can, of course, be made with coins. In addition, however, PayPal and credit card are accepted as a means of payment. Unfortunately, the site of the shop is exclusively in English and the selection and the stock is rather small.
NavCoin was created in 2014 with the abbreviation NAV. It is a particularly fast digital currency and just 30 seconds after a transaction has been sent, a confirmation will be received. Currently, it is available for $2.25.
The market capital amounts to $140,609,679 US dollars, with a daily volume of $2,121,580 US dollars. In the overall ranking, NavCoin was ranked 135th. The existing website is displayed in 13 different languages.
Coin-Report.net was founded by Thomas Mücke.
With the help of Coin-Report.net magazine, he tries to bring light to the field of crypto-currency.