Quick summary: Our recommendation is to use the crypto exchange Swyftx to buy Golem. They have over 300 cryptocurrencies available, have a fantastic app and great customer support. You also get $20 free BTC once you start trading!
Australia has a good number of trusted and regulated cryptocurrency trading platforms, so it’s quite easy finding an exchange that has Golem. While each one comes with its own feature-set and fee structure, most crypto exchanges function very similarly when it comes to buying crypto.
Let’s get into it!
How to Buy Golem in Australia
There are only 4 main steps involved and it’s pretty straightforward:
1. Choose a crypto exchange
As mentioned above, we have plenty of options when it comes to Australian crypto exchanges. While that’s great, you ideally want to do a bit of research so you can use one that has a decent fee structure and more importantly, has Golem in its list of cryptocurrencies.
Personally, we really like Swyftx, they have over 300 cryptocurrencies, a very smooth process for buying crypto, and their support team has been fantastic.
And if you sign up through our site, you’ll get 20$ worth of free BTC once you start trading, which is always nice.
So for this guide on buying Golem, we’ll be using Swyftx as the exchange to go through. Any exchange would work of course, as long as they offer Golem.
Or, if you’d like to learn more about the exchanges we like, check our list of the best cryptocurrency platforms.
2. Sign up with the crypto exchange
Once you’ve decided on which exchange to use, it’s time to sign up.
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 Golem, 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.
4. Buy Golem
The final step is to go to their asset list, find Golem, navigate to the buy section, and then trade your AUD for some GLM. Once you’ve bought Golem, 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 Golem (GLM)
|5/5||300+ cryptocurrencies||Visit Swyftx|
|4/5||200+ cryptocurrencies||Visit Coinspot|
|3/5||400+ cryptocurrencies||Visit 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 Golem
If you’re thinking about selling Golem, just follow the steps below.
- Sign in to the crypto trading platform (like Swyftx).
- Click on Golem in your list of cryptocurrencies, or find your trading account if you’re using an exchange with different accounts.
- FInd the sell section and sell Golem for AUD, or trade it for another cryptocurrency.
Frequently Asked Questions
Is buying Golem 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 Golem 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 Golem. Have a look on their site first, you might be lucky.
How to buy Golem 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 Golem with your credit/debit card.
On April 28, 2016, Golem Factory announced the Golem Project. The network was launched on mainnet on April 10, 2018. The Golem network distributes redundant computing power to users that require it. It was launched on mainnet in April 2018. It's a peer-to-peer network that allows users trade and buy computation on an equally basis. This allows you to break down complicated tasks into smaller subtasks. Golem does not have a central authority and each one is equally important.
GNT (or Golem Net Token) is required to pay for computations in our network. It is the currency that powers our marketplace. To get your task completed, you set a bid. As a Provider, you earn GNT by computing for Requestors. You can set your price thresholds in your settings.
These tools are known as the Golem Tools.
- Golem SDKs include tutorials for Requestors and Providers
- Execution Environments (eg. Execution Environments (eg.
- Awesome Golem is a community-curated repository of resources, links, and projects related to Golem.
Golem Factory was founded in Switzerland by Pitr Janiuk and Julian Zawistowski in 2016.
DevCon 0 was where the original idea for Golem Network was presented. It took place in November 2014. This platform, which is decentralized, was created to allow computer-intensive projects around the world to run without any proxy or censorship. DevCon 0. was the first to introduce this concept. This idea was then presented at DevCon 0. The team worked tirelessly to create the Golem Network. On November 11, 2016, a public crowdfunding event was launched.
The team realized that they needed a new architecture in order to build a better platform for distributed general computation based on the collective learnings from 2019. The team developed a new architecture and approach to building that will allow users create on top Golem.
The Golem Network team was given the task of creating a new protocol and architecture for 2020.