Quick summary: Our recommendation is to use the crypto exchange Swyftx to buy Serum. They have over 300 cryptocurrencies available, have a fantastic app and great customer support. You also get $20 free BTC once you start trading!
Australia has a good amount of popular and regulated cryptocurrency trading platforms, so it’s quite easy finding an exchange that has Serum. While each one comes with its own feature-set and fee structure, most crypto exchanges function very similarly when it comes to buying crypto.
Let’s get into it!
How to Buy Serum in Australia
There are only 4 main steps involved and it’s pretty straightforward:
1. Choose a crypto exchange
As mentioned above, we have plenty of options when it comes to Australian crypto exchanges. While that’s great, you ideally want to do a bit of research so you can use one that has a decent fee structure and more importantly, has Serum in its list of cryptocurrencies.
Personally, we really like Swyftx, they have over 300 cryptocurrencies, a very smooth process for buying crypto, and their support team has been fantastic.
And if you sign up through our site, you’ll get 20$ worth of free BTC once you start trading, which is always nice.
So for this guide on buying Serum, we’ll be using Swyftx as the exchange to go through. Any exchange would work of course, as long as they offer Serum.
It’s also possible to check out our comparison of the best cryptocurrency brokers If you’re curious to know more about which ones we would recommend.
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 Serum, 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 Serum
The final step is to go to their asset list, find Serum, navigate to the buy section, and then trade your AUD for some SRM. Once you’ve bought Serum, 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 Serum (SRM)
|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 Serum
If you’re thinking about selling Serum, just follow the steps below.
- Sign in to the crypto trading platform (like Swyftx).
- Click on Serum 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 Serum for AUD, or trade it for another cryptocurrency.
Frequently Asked Questions
Is buying Serum 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 Serum 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 Serum. Have a look on their site first, you might be lucky.
How to buy Serum 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 Serum with your credit/debit card.
Serum (decentralized ecosystem) is a fast and efficient decentralized financial platform (DEX). It offers low transaction fees, high speed, and unparalleled efficiency for decentralized finance (DeFi). (DeFi).
Serum is the only DEX with a central limit orderbook and matching engines built around an off-chain central limit. Ecosystem partners can use Serum's orderbook to generate liquidity and power trading features.
DeFi's popularity has led to a growth in DEXes using Ethereum. However, developers and users are both limited due to high gas prices and slow transaction speeds. Serum addresses both the DeFi issues of old and those of low capital efficiency, liquidity segmentation, and capital efficiency.
SRM Utility and Governance Tokens offer discounts on protocol fees and voting rights. 100% of exchange fees are returned by SRM via buy and burned, staking rewards, and ecosystem grants.
The central order book of Serum DEX and the matching engine on-chain provide liquidity and price-time priority match for traders and people composing projects. Users can choose the price, direction and size of trades with this exchange model. The current architecture of Serum, bootstrapped liquidity, and matching service all have their benefits in project composition.