Quick summary: Our recommendation is to use the crypto exchange Swyftx to buy Decred. 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

Decred

Australia has a decent amount of trusted and regulated cryptocurrency trading platforms, so it’s quite easy finding an exchange that has Decred. 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 Decred 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 Decred

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 Decred 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 Decred, we’ll be using Swyftx as the exchange to go through. Any exchange would work of course, as long as they offer Decred.

Alternatively, if you want to know more about the exchanges we prefer, read our comparison of the top 10 crypto exchanges.

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 Decred, 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 Decred

The final step is to go to their asset list, find Decred, navigate to the buy section, and then trade your AUD for some DCR. Once you’ve bought Decred, 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 Decred (DCR)

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.

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How to Sell Decred

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

  1. Sign in to the cryptocurrency trading platform (like Swyftx).
  2. Click on Decred 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 Decred for AUD, or trade it for another cryptocurrency.

Frequently Asked Questions

Is buying Decred 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 Decred 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 Decred. Have a look on their site first, you might be lucky.

How to buy Decred 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 Decred with your credit/debit card.

About Decred

Decred (DCR), which is a cryptocurrency that uses blockchain technology, was launched on February 2016. Decred (DCR), a cryptocurrency based on blockchain technology, was launched in February 2016. Its token and protocol were created to facilitate open governance, community interaction, and sustainable funding policies.

Decred was created so that all transactions and modifications are approved by the community. Large holders cannot manipulate Decred's operation. Decred was heavily influenced by Bitcoin and used many of its principles.

Decred is an innovative company. The project uses blockchain technology's distributed nature to ensure that everyone can vote. Decred's primary goal is to ensure that all DCR holders have equal decision making power and that no large institutions are able to swing the votes in Decred's favor.

Decred introduced ticket-holder voting in order to make sure that everyone with sufficient DCR has an opportunity to vote for the future of the company/token as well as its operations. Politeia, a separate voting platform, was created by Decred. It allows users to vote and submit proposals.

To guarantee these voting rights, Decred uses a hybrid consensus method. It incorporates the proof-of-work (PoW) and proof-of-stake (PoS), models.

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