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

UTRUST

Australia has a decent amount of popular and regulated crypto exchanges, so it’s quite easy finding an exchange that has UTRUST. 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 UTRUST 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 UTRUST

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

Alternatively, if you want to learn more about the exchanges we recommend, look at our list of the best cryptocurrency 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 UTRUST, 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 UTRUST

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

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 UTRUST

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

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

Frequently Asked Questions

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

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

About UTRUST

VeChain, an enterprise-grade L1 smart contract platform, is called VeChain.

VeChain was established in 2015 as a private chain of consortium chains. It collaborated with numerous enterprises to explore blockchain's potential. VeChain would transition to public blockchain in 2017 with the ERC-20 token VEN. VeChain created a mainnet in 2018 with their own ticker VET.

VeChain employs distributed governance and Internet of Things technology to create an ecosystem that addresses major data challenges in many industries worldwide, including food, beverage, energy, sustainability, and the SDG goals. VeChain uses trustless information to create the digital backbone of the fourth industrial revolution. This requires trustless, real-time data sharing between many participants.

The platform uses VET tokens and VTHO tokens to manage and create value based on its VeChainThor blockchain. VET is the creator and operator of VTHO. It serves as the value store, value transfer medium and value store. VTHO can also be used to pay GAS expenses. This allows data writing to be done without having to use VET. To ensure stable costs, you can adjust variables such as the amount of VTHO required to service a transaction and the VTHO generation rates. All stakeholders must support these actions.

VeChain was able show an incredibly increased efficiency, traceability and transparency across supply chains and data trails. It also showed a new type of ecosystems like those in San Marino, which target UN SDGs.

VeChain disrupts the traditional business model. It is best known for its work in supply chain management, which has not seen much change over the past decade. High-profile clients and government agencies have recognized its efforts to provide a trust layer that is decentralised for multiparty ecosystems.

Transparent technology allows you to track all data and ensures greater efficiency, security, and security. Smart contracts, which are trustless and automate everything automatically, reduce costs. It allows for collaboration and digitisation which is hugely beneficial to carbon, supply chain, international logistics, incentivised economy, automobile passports and many other areas.

VeChain's platform appeals to many clients in different industries and clients.

VeChain's official literature notes that its unique proposition lies in its dual-token setup alongside transformative protocols such as 'fee delegation' and it's one-stop 'ToolChain' platform that means crypto-wary companies can pay in fiat for VeChain's Blockchain-as-a-service, while smart contracts handle gas payment costs, ensuring frictionless use of the network, even in strict jurisdictions.

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