Quick summary: Our recommendation is to use the crypto exchange Swyftx to buy Ontology Gas. They have over 300 cryptocurrencies available, have a fantastic app and great customer support. You also get $20 free BTC once you start trading!
Australia has a decent amount of reliable and regulated cryptocurrency trading platforms, so it’s quite easy finding an exchange that has Ontology Gas. While each one comes with its own feature-set and fee structure, most crypto exchanges function very similarly when it comes to buying crypto.
Let’s get into it!
How to Buy Ontology Gas in Australia
There are only 4 main steps involved and it’s pretty straightforward:
1. Choose a crypto exchange
As mentioned above, we have plenty of options when it comes to Australian crypto exchanges. While that’s great, you ideally want to do a bit of research so you can use one that has a decent fee structure and more importantly, has Ontology Gas in its list of cryptocurrencies.
Personally, we really like Swyftx, they have over 300 cryptocurrencies, a very smooth process for buying crypto, and their support team has been fantastic.
And if you sign up through our site, you’ll get 20$ worth of free BTC once you start trading, which is always nice.
So for this guide on buying Ontology Gas, we’ll be using Swyftx as the exchange to go through. Any exchange would work of course, as long as they offer Ontology Gas.
It’s also possible to check out our comparison of the trusted crypto exchanges If you’re interested in learning 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.
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 Ontology Gas, 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 Ontology Gas
The final step is to go to their asset list, find Ontology Gas, navigate to the buy section, and then trade your AUD for some ONG. Once you’ve bought Ontology Gas, 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 Ontology Gas (ONG)
|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 Ontology Gas
If you’re thinking about selling Ontology Gas, just follow the steps below.
- Sign in to the cryptocurrency exchange (like Swyftx).
- Click on Ontology Gas 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 Ontology Gas for AUD, or trade it for another cryptocurrency.
Frequently Asked Questions
Is buying Ontology Gas 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 Ontology Gas 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 Ontology Gas. Have a look on their site first, you might be lucky.
How to buy Ontology Gas 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 Ontology Gas with your credit/debit card.
About Ontology Gas
Ontology gas, one of the two crypto assets that powers Ontology, is a high performance, business-focused, high performing (can handle many transactions at once), blockchain that focuses primarily upon solving problems like identity security and data integrity.
Ontology gas was created by the Ontology Project when it launched its mainnet, or switched from another blockchain (NEO) to its native blockchain on June 30, 2018,
Ontology coin, also known as ONT (or Ontology token), is part of the Ontology ecosystem. ONT holders get two things.
- Governance rights - You have a say on matters such as network changes
- Staking rewards â€“ By locking your ONT or staking, you help secure the network and verify transactions. You will receive ONG from the network.
On the other hand, Ontology gas could be viewed as a "toll", or "highway" to access the Ontology network. It is very similar to Ethereum gas. The Ontology Network allows you to pay for network usage (e.g., instead of paying in ONT, the main cryptocurrency), like you would with Ethereum. You can make a transaction with a separate token (ONG).
As mentioned previously, ONT stakers who stake ONT get ONG rewards. Even if you don't use the Ontology platform for identity security, ONG is a great opportunity.
Passive ONG income can be made by staking ONT, even if you aren't using it for other purposes than to earn rewards.
The rewards arenaEUR(tm), however, isn't too bad. ONTCalc, an ONG rewards calculator, states that your annual aEURoeinterestaEUR (or the percentage of ONG you earn on ONTs) can be as low at 4%.