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

iExec

Australia has a decent number of popular and regulated crypto exchanges, so it’s quite easy finding an exchange that has iExec. 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 iExec 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 iExec

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

It’s also possible to check out our comparison of the crypto exchanges in Australia if you’re looking to learn more about which exchanges we like.

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 iExec, 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 iExec

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

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 iExec

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

  1. Sign in to the crypto exchange (like Swyftx).
  2. Click on iExec 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 iExec for AUD, or trade it for another cryptocurrency.

Frequently Asked Questions

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

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

About iExec

iExec is a leader in blockchain-based, decentralized computing. Blockchain can be used to create a market for computing power, apps, and data.

This is achieved by providing on-demand access to cloud computing resources. IExec supports applications such as big data, AI, fintech, AI, rendering, and AI. IExec was founded on October 16, 2016, with the goal of revolutionizing cloud computing and creating a new paradigm for cloud computing.

iExec is based upon the XtremWebaEUR”HEP, an open source desktop grid program. It implements features such as multi-applications, fault-tolerance, deployment virtual images and private infrastructure.

The iExec network is made up of computing resource providers. These individuals are known as iExec Workers. These workers can be joined by connecting their computers. Users are awarded RLC tokens for contributing to the network.

Algorithms can be monetized by app providers. Data providers with valuable data can make it available via iExec. Then there is also the consensus protocol known as PoCo or proof-of-contribution that provides consensus over the off-chain computing. Thanks to this proof-of-contribution, external resources providers have the usage of their resources certified on the blockchain itself.

IExec also offers distributed apps on the blockchain, known as DApps. It allows secure, scalable, and easy access to servers, data-sets and computing resources. It is possible to create a Virtual Cloud Infrastructure which can offer high-performance computing services on demand, since all of this is done using Ethereum.

iExec supports blockchain-based distributed applications and enables high-performance computing through a decentralized cloud infrastructure. Distributed cloud allows for easier access to machines and significantly increases the environmental footprint of data centre data centers.

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