Because it is an ERC-20 token, purchasing small amounts can be expensive due to Ethereum gas fees. Some users have reported fees as high as $30 just for initial wallet setup.
You can pay for transaction fees using stablecoins in the Pillar app, removing the need to always hold native tokens like ETH for gas. ❌ The Cons how to buy pillar cryptocurrency
The PillarX app functions as a "smart wallet," allowing you to buy, store, and swap across multiple chains (Ethereum, Polygon, BNB, etc.) in one place. Because it is an ERC-20 token, purchasing small
Current trading volumes are relatively low ($118 in 24 hours), which could lead to "slippage" (getting a worse price than expected) for larger orders. 🛠️ Step-by-Step Buying Process How to Buy Pillar (PLR): Step-by-Step Guide - MetaMask ❌ The Cons The PillarX app functions as
Buying is generally considered a straightforward process for DeFi users, but it can be more complex for beginners because it is primarily traded on decentralized exchanges (DEXs) rather than major centralized platforms like the main Binance or Coinbase apps . Buying Options at a Glance
You won't find PLR listed for direct trading on major centralized exchanges (CEXs) like the main Binance interface, making it harder for casual investors to "click and buy".
Use the Binance Web3 Wallet (not the standard Binance exchange) to swap stablecoins for PLR. ✅ The Pros