Quick summary: Our recommendation is to use the crypto exchange Swyftx to buy Nervos Network. They have over 300 cryptocurrencies available, have a fantastic app and great customer support. You also get $20 free BTC once you start trading!
Australia has a good amount of reliable and regulated crypto exchanges, so it’s quite easy finding an exchange that has Nervos Network. While each one comes with its own feature-set and fee structure, most crypto exchanges function very similarly when it comes to buying crypto.
Let’s get into it!
How to Buy Nervos Network in Australia
There are only 4 main steps involved and it’s pretty straightforward:
1. Choose a crypto exchange
As mentioned above, we have plenty of options when it comes to Australian crypto exchanges. While that’s great, you ideally want to do a bit of research so you can use one that has a decent fee structure and more importantly, has Nervos Network in its list of cryptocurrencies.
Personally, we really like Swyftx, they have over 300 cryptocurrencies, a very smooth process for buying crypto, and their support team has been fantastic.
And if you sign up through our site, you’ll get 20$ worth of free BTC once you start trading, which is always nice.
So for this guide on buying Nervos Network, we’ll be using Swyftx as the exchange to go through. Any exchange would work of course, as long as they offer Nervos Network.
Or, if you’d like to learn more about the exchanges we like, check our comparison of the best bitcoin brokers in Australia.
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 Nervos 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.
4. Buy Nervos Network
The final step is to go to their asset list, find Nervos Network, navigate to the buy section, and then trade your AUD for some CKB. Once you’ve bought Nervos 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 Nervos Network (CKB)
|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 Nervos Network
If you’re thinking about selling Nervos Network, just follow the steps below.
- Sign in to the crypto exchange (like Swyftx).
- Click on Nervos Network 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 Nervos Network for AUD, or trade it for another cryptocurrency.
Frequently Asked Questions
Is buying Nervos 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 Nervos 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 Nervos Network. Have a look on their site first, you might be lucky.
How to buy Nervos 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 Nervos Network with your credit/debit card.
About Nervos Network
CKByte is the native token of Nervos CKB. It can be used for managing resources and value within the blockchain. CKByte, a cryptocurrency that can store assets and execute smart contract executions, is available. You can also rent space on the Blockchain with it. These are developers' words. However, it is unclear what this means for the project.
CKByte creates value by using assets, tokens and data to scale. The developers predict that the CKByte token, which is a token of CKByte, will be in great demand as Nervos grows.
CKByte tokens will be available for sale in the third quarter of 2019. The mainnet will be launched in the fourth quarter 2019.
The Nervos Network is the ecosystem for Nervos. It is composed of layer 2 solutions, collection protocols and CKByte tokens. Nervos developers don't want to introduce "untested consensus mechanism to achieve high performance and TPS," but rather prefer layer 2 solutions. There are three reasons for this.
- Blockchain scaling is infinite
- Transaction fees are low
- The main chain is safe
Developers believe this will solve the scaling problem.
Scalability trilemma is a problem in blockchain technology that prevents chains being decentralized, secure and scalable simultaneously. They cannot possess all three of these qualities. For example, Bitcoin is decentralized and secure. However, it can have difficulties processing additional transactions.