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

Dusk Network

Australia has a decent amount of reliable and regulated crypto exchanges, so it’s quite easy finding an exchange that has Dusk Network. 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 Dusk Network 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 Dusk Network

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

If you’d like to know more about the exchanges we prefer, read our list of the best crypto platforms in Australia.

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 Dusk Network, 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 Dusk Network

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

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How to Sell Dusk Network

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

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

Frequently Asked Questions

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

How to buy Dusk Network 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 Dusk Network with your credit/debit card.

About Dusk Network

Dusk Network is an open-source blockchain that can be used to create and store confidential securities. It utilizes Zero-Knowledge proofs and a unique Private PoS leader extraction protocol. Dusk Network is a privacy-based cryptocurrency for financial applications. It is a layer-1 Blockchain which powers Confidential Security Contracts, (XSC), and supports native confidential smart contracts.

Dusk Network was designed to meet the requirements and needs of financial markets. Its features include a public, scalable infrastructure, transaction settlement and strict data privacy.

Finality of direct settlement. Distributed Financial Market Infrastructure (dFMI) should enable clear and final settlements. The Dusk Network transactions are fast, take less than a second, and offer immediate on-chain closure.

Privacy. Privacy. Privacy. Dusk Network guarantees complete user privacy. This allows third parties and decentralized applications to meet strict compliance requirements, while protecting user privacy. Businesses can run on-chain, which allows them to be more efficient and reduce costs.

Public. Users do not need to have the approval of a trusted authority in order to use the Dusk Network Blockchain. To join the Dusk Network Blockchain, you only need a minimal amount of processing power. Participants can include all users who have the DUSK token.

Dusk Network uses the transactional model Phoenix to provide privacy and anonymity for transactions and smart-contracts. Zedger is a hybrid privacy-preserving system that is based upon Phoenix and designed specifically for security tokens. Tokens deployed through Dusk Network could also be built on Zedger.

The 'Segregated Yetzantine Agreement (SBA) protects the network. Dusk Network's team believes that SBA offers a better alternative than the Proof-of-Stake mechanism. It incorporates existing ideas like cryptographic sortition and stealth time-locked transactions to improve the chances of selecting honest nodes and promote centralization.

The DUSK tokens can be used to initiate transactions, atomic Swaps and for deployment smart contracts. DUSK tokens are able to be staked for consensus participation and exchange of DUSK-denominated value. The team intends to expand the use of DUSK tokens in the future by adding it into an existing on-chain governance structure.

Dusk Network was founded in 2018 and is located at Amsterdam, The Netherlands.