Quick summary: Our recommendation is to use the crypto exchange Swyftx to buy Metal. They have over 300 cryptocurrencies available, have a fantastic app and great customer support. You also get $20 free BTC once you start trading!
Australia has a decent amount of trusted and regulated crypto exchanges, so it’s quite easy finding an exchange that has Metal. While each one comes with its own feature-set and fee structure, most crypto exchanges function very similarly when it comes to buying crypto.
Let’s get into it!
How to Buy Metal in Australia
There are only 4 main steps involved and it’s pretty straightforward:
1. Choose a crypto exchange
As mentioned above, we have plenty of options when it comes to Australian crypto exchanges. While that’s great, you ideally want to do a bit of research so you can use one that has a decent fee structure and more importantly, has Metal in its list of cryptocurrencies.
Personally, we really like Swyftx, they have over 300 cryptocurrencies, a very smooth process for buying crypto, and their support team has been fantastic.
And if you sign up through our site, you’ll get 20$ worth of free BTC once you start trading, which is always nice.
So for this guide on buying Metal, we’ll be using Swyftx as the exchange to go through. Any exchange would work of course, as long as they offer Metal.
Or, if you’d like to learn more about the exchanges we like, check our comparison of the Australian crypto exchange reviews.
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 Metal, 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 Metal
The final step is to go to their asset list, find Metal, navigate to the buy section, and then trade your AUD for some MTL. Once you’ve bought Metal, 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 Metal (MTL)
|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 Metal
If you’re thinking about selling Metal, just follow the steps below.
- Sign in to the crypto exchange (like Swyftx).
- Click on Metal 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 Metal for AUD, or trade it for another cryptocurrency.
Frequently Asked Questions
Is buying Metal 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 Metal 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 Metal. Have a look on their site first, you might be lucky.
How to buy Metal 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 Metal with your credit/debit card.
Metal (MTL), which is the native currency for Metal products and services, is an integral component of the Metal ecosystem. Metal Pay allows friends to send and receive any cryptocurrency, according to the team. Metal Pay users don't have to pay any fees to send, receive, buy, or sell MTL.
If their MTL is also kept, Metal Pay users can pay lower fees for other cryptocurrency. Anyone with 10,000 MTL will receive 0% fees. Metal Pay was designed with MTL in view. It is extremely beneficial and very useful.
To reduce their fees, users can pay the Metal X fee using MTL. Metal X users can receive loyalty benefits by holding MTL in the Metal X exchange.
Metal (MTL), which is a cryptocurrency token that currently operates on the Ethereum platform will soon be available on Proton's native Metal Blockchain: Proton. MTL will launch on Proton, opening new on-chain utility possibilities for MTL