How to Buy XPL on BloFin

This guide explains how to purchase $XPL tokens using BloFin, a reliable exchange trusted by over 2 million global users. BloFin supports 564+ digital assets and offers a seamless, high-liquidity trading experience. The platform applies a flat 0.10% maker and taker fee, making it one of the more cost-efficient options for traders.

New users can unlock a welcome bonus of up to $10,000, while those interested in advanced strategies can access leverage of up to 150x. Additionally, BloFfin is currently offering a 7-day flexible staking option for XPL, with rewards of up to 35% APY, giving users the chance to earn while holding.

However, it’s worth noting that BloFin operates as a no-KYC exchange, which may be a consideration for users prioritizing regulatory compliance.

Below, we’ve outlined the complete steps to buy $XPL tokens on BloFin safely and efficiently.

Step 1: Open the BloFin Exchange in your browser and sign in to your account.

Step 2: From the top menu, click on “Spot”, then select “Spot” again from the dropdown to open the trading interface.

Step 3: In the Spot section, open the “Asset” dropdown and search for the XPL/USDT trading pair.

Step 4: On the right panel, choose between a Market or Limit order based on how you want to buy XPL tokens.

Step 5: Use the slider or manually enter the number of XPL tokens you wish to purchase in the “Amount” field.

Step 6: Once you’ve set the amount, click on “XPL Buy” to confirm your order and complete the purchase.

Buy XPL on BloFin!

How to Transfer $XPL to a Web3 Wallet (MetaMask)

If you’ve recently bought $XPL tokens and plan to take the next step, whether it’s staking, exploring DeFi opportunities, or earning yield on the Plasma Network, you’ll need to move your tokens to a Web3 wallet. Holding XPL in your own wallet not only gives you full control but also opens access to Plasma’s growing ecosystem of apps and rewards.

Plasma Network supports EVM-compatible tools, which makes MetaMask a reliable option for storing and managing your $XPL tokens. Before transferring, make sure MetaMask is properly configured with the Plasma network, as this setup is necessary to access Plasma’s vaults and manage your tokens securely.

Add Plasma to MetaMask

Download MetaMask for your device

After your wallet is connected and configured, you can proceed to transfer your $XPL tokens safely by following the steps below.

Step 1: From the BloFin homepage, navigate to the top menu and click on “Assets”. In the dropdown menu, select “Withdraw” to open the withdrawal interface.

Step 2: In the “Select Crypto” field, search for and choose XPL from the available list of assets.

Step 3: In the “Address” box, paste your Plasma-compatible wallet address where you want to receive your tokens.

Step 4: Under the “Network” section, select Plasma to ensure the tokens are sent directly to your Plasma wallet.

Step 5: Enter the number of XPL tokens you wish to withdraw in the “Amount” field.

Step 6: Carefully review all the details, then click on “Withdraw” to confirm the transaction.

You can monitor your transfer on Plasma Explorer using the provided transaction ID (TXN ID). Once the transaction is confirmed on the blockchain, your $XPL tokens will appear in your connected Web3 wallet.

Plasma Network Explained

Stablecoins have grown into one of the most used applications in crypto, moving trillions of dollars each month. Plasma Network was created to power this scale, delivering zero-fee USD₮ transfers, flexible gas token options, and confidential payment support, all built for efficiency and speed. Unlike traditional blockchains that later adapted to stablecoins, Plasma was engineered from day one to handle high-volume, low-cost transactions without compromising reliability.

Developers gain access to deep liquidity from launch, with more than $1 billion in stablecoin capacity available. Plasma is also EVM-compatible, meaning existing Ethereum tools like MetaMask, Hardhat, and Foundry work seamlessly here. Beyond payments, it integrates essential infrastructure such as global on/off ramps, compliance-ready APIs, and card-issuance capabilities. A built-in Bitcoin bridge further connects BTC liquidity directly to Plasma’s EVM layer, unlocking new possibilities for stablecoin projects and DeFi applications worldwide.

Bottom Line

Plasma Network positions itself as a purpose-built blockchain for stablecoins, aiming to enhance transaction speed, scalability, and liquidity. Its native token, XPL, plays a central role in network security, staking, and ecosystem participation. Although there are many exchanges where XPL tokens are currently available ,including both centralized and decentralized platforms, we believe the best exchange to buy XPL is BloFin, as it not only offers low fees and no-KYC access but also provides high returns. So, if you’re someone interested in XPL tokens, this is a solid place to start.

FAQs

1. What is the XPL token used for?

XPL is the native token of the Plasma Network, used for staking, validator rewards, governance, and paying gas fees for advanced transactions.

2. Where can I buy XPL tokens?

You can buy XPL tokens on several centralized and decentralized exchanges. Among CEX options, BloFin is a popular choice due to its low trading fees, high liquidity, and no-KYC access.

3. Is investing in XPL safe?

As with any cryptocurrency, XPL carries market and protocol-related risks. Always research the project, check official announcements, and use secure wallets before investing or staking.

4. Can XPL reach $10?

It’s possible, but it depends on long-term adoption, ecosystem growth, and overall market trends. While Plasma shows strong potential, token prices are influenced by many factors, so such targets should be viewed cautiously.