Quick summary: Our recommendation is to use the crypto exchange Swyftx to buy Polkastarter. 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

Polkastarter

Australia has a decent amount of popular and regulated cryptocurrency trading platforms, so it’s quite easy finding an exchange that has Polkastarter. 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 Polkastarter 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 Polkastarter

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

It’s also possible to take a look at our analysis of the crypto brokers in Australia If you’re curious to know more about which ones we prefer.

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 Polkastarter, 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 Polkastarter

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

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

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How to Sell Polkastarter

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

  1. Sign in to the crypto trading platform (like Swyftx).
  2. Click on Polkastarter 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 Polkastarter for AUD, or trade it for another cryptocurrency.

Frequently Asked Questions

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

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

About Polkastarter

Polkastarter is a blockchain platform that makes it simple to launch cross-chain token pools and auctions. It is most commonly used by early-stage blockchain businesses that need to quickly raise capital and distribute tokens.

Polkastarter makes it easy for blockchain projects to create cross-chain swap pools. This allows them to raise funds and investors can take no risks as the swaps are executed by smart contracts.

POLS, the native utility token on Polkastarter, has many roles within the ecosystem. It's used to fund liquidity mining and governance, as well as to pay transaction fees. This allows you to only participate in POLS-holder pool.

It was launched December 2020. It quickly became one of the most popular platforms to conduct initial DEX (IDO) transactions. As of January 2022, Polkastarter was on the Ethereum blockchain.

Polkastarter's main offering is the fixed-swap smart contract. This allows projects to create liquidity pools and execute orders at a fixed price, instead of using Uniswap’s AMM model.

It is capable of handling all types auctions, including Dutch and sealed-bid auctions. It's ideal for projects using cryptocurrency to raise funds.

Other important features include full KYC integration and liquidity mining, permissionless list, and anti-scam capability.

These features may not be available right now, but they will come later. This could happen after Polkastarter switches over to Polkadot. The switch is currently scheduled for Q1 2021.

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