Quick summary: Our recommendation is to use the crypto exchange Swyftx to buy Ocean Protocol. They have over 300 cryptocurrencies available, have a fantastic app and great customer support. You also get $20 free BTC once you start trading!
Australia has a good number of trusted and regulated cryptocurrency exchanges, so it’s quite easy finding an exchange that has Ocean Protocol. While each one comes with its own feature-set and fee structure, most crypto exchanges function very similarly when it comes to buying crypto.
Let’s get into it!
How to Buy Ocean Protocol in Australia
There are only 4 main steps involved and it’s pretty straightforward:
1. Choose a crypto exchange
As mentioned above, we have plenty of options when it comes to Australian crypto exchanges. While that’s great, you ideally want to do a bit of research so you can use one that has a decent fee structure and more importantly, has Ocean Protocol in its list of cryptocurrencies.
Personally, we really like Swyftx, they have over 300 cryptocurrencies, a very smooth process for buying crypto, and their support team has been fantastic.
And if you sign up through our site, you’ll get 20$ worth of free BTC once you start trading, which is always nice.
So for this guide on buying Ocean Protocol, we’ll be using Swyftx as the exchange to go through. Any exchange would work of course, as long as they offer Ocean Protocol.
Alternatively, if you want to know more about which exchanges we recommend, look at our comparison of the best sites to buy bitcoin 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 Ocean Protocol, 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 Ocean Protocol
The final step is to go to their asset list, find Ocean Protocol, navigate to the buy section, and then trade your AUD for some OCEAN. Once you’ve bought Ocean Protocol, 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 Ocean Protocol (OCEAN)
|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 Ocean Protocol
If you’re thinking about selling Ocean Protocol, just follow the steps below.
- Sign in to the crypto trading platform (like Swyftx).
- Click on Ocean Protocol 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 Ocean Protocol for AUD, or trade it for another cryptocurrency.
Frequently Asked Questions
Is buying Ocean Protocol 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 Ocean Protocol 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 Ocean Protocol. Have a look on their site first, you might be lucky.
How to buy Ocean Protocol 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 Ocean Protocol with your credit/debit card.
About Ocean Protocol
Ocean Protocol is a Blockchain-based ecosystem which allows individuals to unlock and monetize data using ERC-20 datatokens.
Ocean Protocol allows publishers to monetize their data while keeping privacy and control. Datasets that were previously unavailable or difficult to access can be accessed by consumers. These datasets can be accessed on the Ocean Market, where they can be later consumed or sold.
Ocean Protocol's data services can be represented by unique datatokens. These tokens can be used for data wrapping or computation-to-data services. This allows third parties to access and perform operations on the data without it ever leaving the publisherâ€™s secure enclave.
OCEAN is a utility token that can be used to manage stake data and communities. It can also be used on the Ocean Market to buy or sell data. The price of these datatokens is set by the OCEAN-datatoken AMM Pool. This pool adjusts price as tokens are purchased or sold, based on supply and demand.
Ocean Protocol allows anyone who has desired datasets to tokenize their data and make it available on the Ocean Market.
This provides data publishers with an additional revenue stream, while data analysts, scientists, and researchers have more reliable information.
Ocean Protocol provides the tools needed for companies to launch data markets. You can either fork the Ocean Protocol React hooks or use the Ocean Protocol Protocol. This document contains extensive documentation to assist you with this process.
Holders of OCEAN tokens can participate directly in datatoken economics through staking their tokens onto datasets at Ocean Market. Liquidity providers will have access to the selected OCEAN datatoken pools. Stakers will only pay a fraction of the transaction fees.