Quick summary: Our recommendation is to use the crypto exchange Swyftx to buy Orchid. They have over 300 cryptocurrencies available, have a fantastic app and great customer support. You also get $20 free BTC once you start trading!

Sign up with Swyftx

Orchid

Australia has a good amount of trusted and regulated cryptocurrency trading platforms, so it’s quite easy finding an exchange that has Orchid. 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 Orchid in Australia

There are only 4 main steps involved and it’s pretty straightforward:

  1. Choose a crypto exchange
  2. Sign up with the exchange
  3. Fund your account with AUD
  4. Buy Orchid

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 Orchid 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 Orchid, we’ll be using Swyftx as the exchange to go through. Any exchange would work of course, as long as they offer Orchid.

Alternatively, if you want to know more about the exchanges we like, check our comparison of the best bitcoin brokers.

2. Sign up with the crypto exchange

Once you’ve decided on which exchange to use, it’s time to sign up.

Sign up with Swyftx and grab $20 free BTC.

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 Orchid, 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.

Swyftx Deposit Methods

4. Buy Orchid

The final step is to go to their asset list, find Orchid, navigate to the buy section, and then trade your AUD for some OXT. Once you’ve bought Orchid, 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 Orchid (OXT)

ExchangeRatingCryptocurrenciesSite
Swyftx logo5/5300+ cryptocurrenciesVisit Swyftx
CoinSpot logo4/5200+ cryptocurrenciesVisit Coinspot
binance logo3/5400+ cryptocurrenciesVisit 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 Orchid

If you’re thinking about selling Orchid, just follow the steps below.

  1. Sign in to the crypto exchange (like Swyftx).
  2. Click on Orchid in your list of cryptocurrencies, or find your trading account if you’re using an exchange with different accounts.
  3. FInd the sell section and sell Orchid for AUD, or trade it for another cryptocurrency.

Frequently Asked Questions

Is buying Orchid 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 Orchid 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 Orchid. Have a look on their site first, you might be lucky.

How to buy Orchid 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 Orchid with your credit/debit card.

About Orchid

Orchid (OXT) is the native token of Orchid, a cryptocurrency-powered virtual private network (VPN).

Orchid launched in December 2019, and is the first peer to peer, incentivized privacy system.

Its purpose is to remove internet freedom restrictions using cryptocurrency payments to allow anyone to purchase bandwidth from any participating provider. These are known as probabilistic nanopayments. They are made using OXT token Ethereum (an ERC-20 standard token).

Orchid can make regular payments off-chain to providers to avoid congestion or gas fees.

This service is charged per use. Instead of paying annual or monthly fees, users pay for the service only when they use it.

Orchid's primary goal is to improve VPN experience with blockchain technology.

By using crypto-based probabilistic nanopayments, users can use VPN anonymously without the need to have a centralized server.

OXT is a freely-exchangeable ERC-20 token that provides owners an incentive to trade and increase network value.

As an additional feature, users can also buy "Orchid credit" in fiat currency. OXT cannot be withdrawn from or converted into another currency and can only be used by network providers. This is to appeal people who do not want to transact cryptocurrency.

Orchid's appeal goes beyond cryptocurrency users. Developers see a rising trend toward internet freedom in the face of geopolitical tensions and local restrictions.

Web 3.0 technology offers some semblance of an open internet. It was developed in 1990 when consumer access became mainstream.

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