Quick summary: Our recommendation is to use the crypto exchange Swyftx to buy Trust Wallet Token. They have over 300 cryptocurrencies available, have a fantastic app and great customer support. You also get $20 free BTC once you start trading!
Australia has a decent number of popular and regulated cryptocurrency trading platforms, so it’s quite easy finding an exchange that has Trust Wallet Token. While each one comes with its own feature-set and fee structure, most crypto exchanges function very similarly when it comes to buying crypto.
Let’s get into it!
How to Buy Trust Wallet Token in Australia
There are only 4 main steps involved and it’s pretty straightforward:
1. Choose a crypto exchange
As mentioned above, we have plenty of options when it comes to Australian crypto exchanges. While that’s great, you ideally want to do a bit of research so you can use one that has a decent fee structure and more importantly, has Trust Wallet Token in its list of cryptocurrencies.
Personally, we really like Swyftx, they have over 300 cryptocurrencies, a very smooth process for buying crypto, and their support team has been fantastic.
And if you sign up through our site, you’ll get 20$ worth of free BTC once you start trading, which is always nice.
So for this guide on buying Trust Wallet Token, we’ll be using Swyftx as the exchange to go through. Any exchange would work of course, as long as they offer Trust Wallet Token.
If you’d like to know more about which exchanges we like, check our comparison of the best crypto platforms in Australia.
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 Trust Wallet Token, 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 Trust Wallet Token
The final step is to go to their asset list, find Trust Wallet Token, navigate to the buy section, and then trade your AUD for some TWT. Once you’ve bought Trust Wallet Token, 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 Trust Wallet Token (TWT)
|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 Trust Wallet Token
If you’re thinking about selling Trust Wallet Token, just follow the steps below.
- Sign in to the crypto trading platform (like Swyftx).
- Click on Trust Wallet Token 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 Trust Wallet Token for AUD, or trade it for another cryptocurrency.
Frequently Asked Questions
Is buying Trust Wallet Token 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 Trust Wallet Token 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 Trust Wallet Token. Have a look on their site first, you might be lucky.
How to buy Trust Wallet Token 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 Trust Wallet Token with your credit/debit card.
About Trust Wallet Token
UMA (or Universal Market Access), is a protocol for creating synthetic assets that uses the Ethereum blockchain. UMA was launched in December 2018.
Synthetic assets are assets with different underlying assets, but the same value. UMA allows users to create and enforce self-executing financial agreements that are self-enforcing. These contracts can be executed on Ethereum's Blockchain.
UMA gives counterparties the ability digitize and automate real-world financial derivatives like futures, contracts for difference (CFDs) or total return swaps. Digital assets such as cryptocurrencies can be used to create self-fulfilling derivatives agreements.
Universal Market Access's core idea is obvious in its name. It creates a protocol for creating synthetic assets and financial contracts using blockchain. The goal is to decentralize and democratize the financial derivatives market.
High entry barriers are a hallmark of traditional financial markets. They can be imposed regulations or custodial restrictions that may prevent people from participating in them. It is often difficult for traders and investors to access markets outside of their financial system. This makes it difficult to develop a global financial market that is inclusive and limits participation to institutions with the legal and financial expertise.
UMA contracts can be built on Ethereum's Blockchain. Because this permissionless nature is global, anyone can create, trade and manage digitized derivatives from anywhere in the world. This is especially important for developing countries, as financial institutions are often far removed from maturity and market participants can be isolated.