Quick summary: Our recommendation is to use the crypto exchange Swyftx to buy Status. They have over 300 cryptocurrencies available, have a fantastic app and great customer support. You also get $20 free BTC once you start trading!
Australia has a decent number of trusted and regulated cryptocurrency exchanges, so it’s quite easy finding an exchange that has Status. While each one comes with its own feature-set and fee structure, most crypto exchanges function very similarly when it comes to buying crypto.
Let’s get into it!
How to Buy Status in Australia
There are only 4 main steps involved and it’s pretty straightforward:
1. Choose a crypto exchange
As mentioned above, we have plenty of options when it comes to Australian crypto exchanges. While that’s great, you ideally want to do a bit of research so you can use one that has a decent fee structure and more importantly, has Status in its list of cryptocurrencies.
Personally, we really like Swyftx, they have over 300 cryptocurrencies, a very smooth process for buying crypto, and their support team has been fantastic.
And if you sign up through our site, you’ll get 20$ worth of free BTC once you start trading, which is always nice.
So for this guide on buying Status, we’ll be using Swyftx as the exchange to go through. Any exchange would work of course, as long as they offer Status.
Or, if you’d like to know more about the exchanges we like, check our comparison of the cryptocurrency trading platforms.
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 Status, 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 Status
The final step is to go to their asset list, find Status, navigate to the buy section, and then trade your AUD for some SNT. Once you’ve bought Status, 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 Status (SNT)
| Exchange | Rating | Cryptocurrencies | Site |
|---|---|---|---|
 | 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 Status
If you’re thinking about selling Status, just follow the steps below.
- Sign in to the crypto exchange (like Swyftx).
- Click on Status 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 Status for AUD, or trade it for another cryptocurrency.
Frequently Asked Questions
Is buying Status 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 Status 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 Status. Have a look on their site first, you might be lucky.
How to buy Status 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 Status with your credit/debit card.
About Status
Status can be described as a mobile and desktop operating system, as well a browser that is decentralized and has a messaging system. Status allows you to interact with any network anywhere and at any time. This was first released in June 2017.
This app is a lightweight client Ethereum node that allows you to access all Ethereum decentralized applications (otherwise known as DApps) through an app installed on your phone or tablet. This app allows users to send encrypted messages as well as access decentralized apps such a cryptocurrency wallet.
Status (or SNT), is an open-source messaging platform. It can also be used for mobile interfaces. It allows users to interact with DApps running on the Ethereum blockchain. In return, users receive more than 2,000 DApps. Users can send and receive encrypted messages peer to peer, can make payments, and use smart contracts.
Status Network Tokens (or SNT), are the currency that the network uses. Status's goal in accelerating and making it easier to adopt Ethereum DApps is to make adoption faster.
There is also a users-as-stakeholders network that allows the behavior of the network and its software to become aligned with the interests of a specific user. Research on cryptoeconomic models is conducted by researchers. Peer to peer technologies can be used to ensure a healthy Status Network.
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