Quick summary: Our recommendation is to use the crypto exchange Swyftx to buy SingularityNET. They have over 300 cryptocurrencies available, have a fantastic app and great customer support. You also get $20 free BTC once you start trading!
Australia has a decent number of popular and regulated cryptocurrency trading platforms, so it’s quite easy finding an exchange that has SingularityNET. While each one comes with its own feature-set and fee structure, most crypto exchanges function very similarly when it comes to buying crypto.
Let’s get into it!
How to Buy SingularityNET in Australia
There are only 4 main steps involved and it’s pretty straightforward:
1. Choose a crypto exchange
As mentioned above, we have plenty of options when it comes to Australian crypto exchanges. While that’s great, you ideally want to do a bit of research so you can use one that has a decent fee structure and more importantly, has SingularityNET in its list of cryptocurrencies.
Personally, we really like Swyftx, they have over 300 cryptocurrencies, a very smooth process for buying crypto, and their support team has been fantastic.
And if you sign up through our site, you’ll get 20$ worth of free BTC once you start trading, which is always nice.
So for this guide on buying SingularityNET, we’ll be using Swyftx as the exchange to go through. Any exchange would work of course, as long as they offer SingularityNET.
You can also check out our comparison of the australian bitcoin exchanges for those curious to know more about which exchanges we prefer.
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 SingularityNET, 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 SingularityNET
The final step is to go to their asset list, find SingularityNET, navigate to the buy section, and then trade your AUD for some AGIX. Once you’ve bought SingularityNET, 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 SingularityNET (AGIX)
|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.
Affiliate Disclosure: This site is supported by its users. We may receive commissions for purchases made through the links on our site. This does not impact our reviews, guides or comparisons.
How to Sell SingularityNET
If you’re thinking about selling SingularityNET, just follow the steps below.
- Sign in to the cryptocurrency trading platform (like Swyftx).
- Click on SingularityNET 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 SingularityNET for AUD, or trade it for another cryptocurrency.
Frequently Asked Questions
Is buying SingularityNET 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 SingularityNET 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 SingularityNET. Have a look on their site first, you might be lucky.
How to buy SingularityNET 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 SingularityNET with your credit/debit card.
SingularityNET is a blockchain-powered platform that allows anyone to "create share and monetize" AI service through its global-accessible AI marketplace.
Through the SingularityNET Marketplace, users can search for, test and purchase a variety of AI services. This is done using AGIX (the native utility token of SingularityNET Marketplace). A marketplace allows AI developers to publish, sell and track their tools.
SingularityNET was first to create Sophia, an AI that is regarded as the "world's most expressive robots". SingularityNET's goal is for Sophia to fully understand human language and to continue to develop "OpenCog", an AI framework which can be used to attain "advanced Intelligence" (i.e. SingularityNET's goal for Sophia is to allow her to understand human language, and to continue developing "OpenCog", an AI framework that can be used to achieve "advanced intelligence" (or higher).
In 2017, the platform was officially announced. It raised $36 million quickly in its initial coin offering (ICO) and was announced for the first time in 2017.
SingularityNET allows developers to sell their AI tools and library easily. Buyers have the ability to test any AI service on the marketplace before making payment.
SingularityNET has a Request for AI portal (RFAI), which allows users to request specialized AI service. These requests can be filled by developers who will receive AGIX tokens.
The utility of the AGIX token has evolved with the development of the SingularityNET ecosystem. SingularityNET's SingularityNET enhancement proposal feature (SNEP) was launched in October 2020. AGIX holders now have the ability to vote for network changes. In March 2020, a staking feature was added that allows token holders to stake their tokens.
SingularityNET recently launched Awakening Health, a joint venture with Hanson Robotics. This venture creates products that utilize AI in healthcare. Grace, a humanoid robotic assistant for the healthcare industry, is the company's first product.