Quick summary: Our recommendation is to use the crypto exchange Swyftx to buy Arweave. They have over 300 cryptocurrencies available, have a fantastic app and great customer support. You also get $20 free BTC once you start trading!

Sign up with Swyftx

Arweave

Australia has a good amount of reliable and regulated cryptocurrency trading platforms, so it’s quite easy finding an exchange that has Arweave. While each one comes with its own feature-set and fee structure, most crypto exchanges function very similarly when it comes to buying crypto.

Let’s get into it!

How to Buy Arweave in Australia

There are only 4 main steps involved and it’s pretty straightforward:

  1. Choose a crypto exchange
  2. Sign up with the exchange
  3. Fund your account with AUD
  4. Buy Arweave

1. Choose a crypto exchange

As mentioned above, we have plenty of options when it comes to Australian crypto exchanges. While that’s great, you ideally want to do a bit of research so you can use one that has a decent fee structure and more importantly, has Arweave in its list of cryptocurrencies.

Personally, we really like Swyftx, they have over 300 cryptocurrencies, a very smooth process for buying crypto, and their support team has been fantastic.

And if you sign up through our site, you’ll get 20$ worth of free BTC once you start trading, which is always nice.

So for this guide on buying Arweave, we’ll be using Swyftx as the exchange to go through. Any exchange would work of course, as long as they offer Arweave.

You can also check out our comparison of the top crypto exchanges for those interested in learning more about which ones we prefer.

2. Sign up with the crypto exchange

Once you’ve decided on which exchange to use, it’s time to sign up.

Sign up with Swyftx and grab $20 free BTC.

Swyftx has a very streamlined sign-up process in place. The first step is to fill in the sign-up form.

Next up is to go through their basic verification process, called a KYC, which is required by law here in Australia. This should be very quick and easy.

Once done, it’s time for the next step.

3. Funding your account with AUD

To buy Arweave, you first need to transfer AUD to your Swyftx account using one of the many deposit methods available. From bank transfer to PayID, POLi pay and credit cards, plenty of options to choose from.

Swyftx Deposit Methods

4. Buy Arweave

The final step is to go to their asset list, find Arweave, navigate to the buy section, and then trade your AUD for some AR. Once you’ve bought Arweave, you can track how much you’ve gained or lost either in the app (they have a great app), or on desktop on the left-hand side under your cryptocurrency list.

Where to Buy Arweave (AR)

ExchangeRatingCryptocurrenciesSite
Swyftx logo5/5300+ cryptocurrenciesVisit Swyftx
CoinSpot logo4/5200+ cryptocurrenciesVisit Coinspot
binance logo3/5400+ cryptocurrenciesVisit Binance

Disclaimer: Trading, investing, and dealing with digital and cryptocurrencies might involve a lot of risks. Their prices are volatile and performance is unpredictable. Their past performance is no guarantee of future performance.

Affiliate Disclosure: This site is supported by its users. We may receive commissions for purchases made through the links on our site. This does not impact our reviews, guides or comparisons.

How to Sell Arweave

If you’re thinking about selling Arweave, just follow the steps below.

  1. Sign in to the crypto trading platform (like Swyftx).
  2. Click on Arweave in your list of cryptocurrencies, or find your trading account if you’re using an exchange with different accounts.
  3. FInd the sell section and sell Arweave for AUD, or trade it for another cryptocurrency.

Frequently Asked Questions

Is buying Arweave in Australia legal?

Yes, you can legally buy and trade cryptocurrencies in Australia. We do of course recommend only using crypto exchanges regulated by AUSTRAC.

How to buy Arweave with PayPal?

Unfortunately, most crypto exchanges in Australia don’t support PayPal. The only exchange that you could use is eToro, but their cryptocurrency list is quite limited so you might not find Arweave. Have a look on their site first, you might be lucky.

How to buy Arweave with a credit card or debit card?

Most top exchanges support buying crypto with a credit or debit card. We would recommend Swyftx to buy Arweave with your credit/debit card.

About Arweave

Arweave is a decentralized storage network that aims to offer a platform for indefinite storage. It is described as a "collectively owned, hard drive that never forgets" that hosts the "permaweb", which is a permanent, decentralized web that features a variety community-driven apps.

Arweave uses AR to pay "miners", which in turn store the network’s data indefinitely.

In August 2017, the original Archain project was revealed. Later, it was renamed to Arweave in February 2018. Officially launched June 2018.

According to the yellow papers, Arweave's goal is to offer "collective capability to store information and share it among individuals and across time to new generations." ArweaveaEUR (tm), ArweaveaEUR(tm), is Arweavea's version of blockchain technology. Each block can be linked to both the previous and random blocks. This allows the creation of a flagship permaweb. Arweave claims that this encourages miners store more data because they can access random blocks in the past to add new blocks or to receive rewards.

Arweave's goal to build a sustainable network ecosystem is its mission. In June 2020, it introduced profit sharing tokens. Developers can earn dividends from the network transaction fees generated through their applications. Permaweb-based applications can also be developed by incubators. Startups can also access Arweave's team and industry investors through the "Boost" program.

Arweave revealed in March 2020 that it had received $8.3 million from Union Square Ventures and Coinbase Ventures. This investment was in addition a November 2019 investment made by Andreessen Horowitz and Union Square Ventures, as well as Multicoin Capital.

Related: