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

Storj

Australia has a good number of trusted and regulated cryptocurrency exchanges, so it’s quite easy finding an exchange that has Storj. 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 Storj 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 Storj

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

You can also check out our comparison of the best cryptocurrency trading platforms in Australia If you’re looking to learn more about the 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.

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 Storj, 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 Storj

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

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 Storj

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

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

Frequently Asked Questions

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

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

About Storj

Storj is an open source cloud storage system. It hosts user data via a distributed network. Advanced encryption is used to protect the data hosted by it.

In a white paper published in December 2014, Storj was presented to the world. It was to be a peer–to-peer encrypted, distributed cloud storage platform.

Two years later, a white paper was published. This paper describes a network that links users who need cloud storage to those who sell hard drives. It was launched in 2018.

Anyone can participate as long as they have access to the internet and a computer. They are known as a node or unit in the network. Storj tokens can be used to reward space providers.

Storj is a distributed cloud storage network that's decentralized. It's different in many ways. Storj, a distributed cloud storage network, runs on thousands of computers instead of traditional cloud storage systems which store data in large data centres.

Anyone with additional storage can install Tardigrade. A reliable, consistent internet connection is all that's required to install Tardigrade.

Because of its efficiency, hosts pay less for storage than traditional cloud storage.

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