Quick summary: Our recommendation is to use the crypto exchange Swyftx to buy Internet Computer. They have over 300 cryptocurrencies available, have a fantastic app and great customer support. You also get $20 free BTC once you start trading!
Australia has a good amount of popular and regulated crypto exchanges, so it’s quite easy finding an exchange that has Internet Computer. While each one comes with its own feature-set and fee structure, most crypto exchanges function very similarly when it comes to buying crypto.
Let’s get into it!
How to Buy Internet Computer in Australia
There are only 4 main steps involved and it’s pretty straightforward:
1. Choose a crypto exchange
As mentioned above, we have plenty of options when it comes to Australian crypto exchanges. While that’s great, you ideally want to do a bit of research so you can use one that has a decent fee structure and more importantly, has Internet Computer in its list of cryptocurrencies.
Personally, we really like Swyftx, they have over 300 cryptocurrencies, a very smooth process for buying crypto, and their support team has been fantastic.
And if you sign up through our site, you’ll get 20$ worth of free BTC once you start trading, which is always nice.
So for this guide on buying Internet Computer, we’ll be using Swyftx as the exchange to go through. Any exchange would work of course, as long as they offer Internet Computer.
Or, if you’d like to learn more about the exchanges we like, check our comparison of the best places to buy crypto.
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 Internet Computer, 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 Internet Computer
The final step is to go to their asset list, find Internet Computer, navigate to the buy section, and then trade your AUD for some ICP. Once you’ve bought Internet Computer, 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 Internet Computer (ICP)
|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 Internet Computer
If you’re thinking about selling Internet Computer, just follow the steps below.
- Sign in to the cryptocurrency trading platform (like Swyftx).
- Click on Internet Computer 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 Internet Computer for AUD, or trade it for another cryptocurrency.
Frequently Asked Questions
Is buying Internet Computer 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 Internet Computer 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 Internet Computer. Have a look on their site first, you might be lucky.
How to buy Internet Computer 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 Internet Computer with your credit/debit card.
About Internet Computer
Internet Computer (ICP), which is a decentralized, blockchain-based network, was created by the DFINITY Foundation on May 20, 2021. It has the global goal to push the boundaries of Internet functionality as well as support smart contract development on an even larger scale. There are many benefits to the project, such as a highly skilled team made up of crypto enthusiasts and the ability to create dApps with smart contracts. ICP supports nearly unlimited scaling and high security via a system that checks.
Internet Computer's mission it to make the Internet a global computing platform. Internet Computer has been described by its developers to be a revolutionary network because the blockchain is publicly available and offers impressive functionality. It also offers a platform that allows smart contracts to be created without restrictions. It is web-speed and runs at lower computational costs.
Internet Computer allows developers create DApps and upload code to the Internet. ICP makes transactions faster and cheaper. According to the creators, users can choose between centralized and commercial cloud services.
The key difference that makes ICP unique is their use of decentralized technology to Internet. This project aims to empower users and developers to access the Internet. It seeks to enlist the support of all who host or participate on the network. Internet Computer is a network that aims to increase the accessibility of the Internet. Chain Key Technology is a set of cryptographic protocols that it introduces. These components include Threshold, a consensus model, Non Interactive Distributed Key Generation NI-DKG, Network Nervous System NNS (an on-chain governance mechanism) and decentralized identity a.k.a. Internet Identity.
Dominic Williams, the founder and chief scientist of DFINITY Foundation, spoke in support of this project's enormous potential. He immediately praised the community, the speed of transactions and the ability to scale quickly at lower computing costs.
ICP is partially supported by the crypto industry, with respected investors such as Aspect Ventures and Andreessen Horowitz.
Internet Computer's distinctive features set it apart from its peers:
- Internet Computer makes it possible to create software online and run it offline. Anyone can learn blockchain technology, and anyone can make a DeFi app.
- All work is performed in a decentralized network that uses special equipment. Other blockchains can also be run in the cloud.
- Internet Computer is all about speed. ICP cryptocurrency works at high internet speed.