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

USDP

Australia has a decent number of reliable and regulated crypto exchanges, so it’s quite easy finding an exchange that has USDP. 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 USDP 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 USDP

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

You can also check out our comparison of the sites for bitcoin trading in Australia if you’re curious to know more about the exchanges we like.

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 USDP, 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 USDP

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

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 USDP

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

  1. Sign in to the cryptocurrency trading platform (like Swyftx).
  2. Click on USDP 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 USDP for AUD, or trade it for another cryptocurrency.

Frequently Asked Questions

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

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

About USDP

Pax Dollar, a flat collateralized stablecoin was created in September 2018. Stablecoins are cryptocurrencies that have been created to lower volatility relative to a stable asset, or group of assets.

Stablecoins may be linked to flat money or cryptocurrency. In certain cases, it can be traded to purchase commodities. Pax Dollar lets you transact with blockchain assets without taking any risk. Pax Dollar tokens (USDP), ERC-20 tokens that were issued on Ethereum blockchain are secured 1:1 with USD in Paxos bank account.

Pax Dollar, a stablecoin that allows anyone to convert U.S. dollars, is available for purchase. Dollars can be exchanged for Pax Dollar Tokens. Its primary purpose is to stabilize the dollar with blockchain technology.

Paxos was granted a charter from the New York State Department of Financial Services. This allows them to offer regulated services on the crypto asset market. To back the token, the USD in deposits at U.S. banks and institutions is used.

Pax Dollar was established to improve the financial system through the creation of a global network that is free from friction. All digital assets are easily mobilized and can be used with great flexibility. Paxos's vision for digital assets, commodities, and securities is to allow them to be transferred anywhere, anytime.

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