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

WINk

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

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

Or, if you’d like to know more about which exchanges we like, check our comparison of the where to buy cryptocurrency in Australia.

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 WINk, 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 WINk

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

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 WINk

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

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

Frequently Asked Questions

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

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

About WINk

Wrapped Bitcoin (BTC), a tokenized Bitcoin version, runs on Ethereum (ETH).

WBTC is compliant with ERC-20, which is the Ethereum blockchain's basic compatibility standard. This allows WBTC to fully integrate with the Ethereum blockchain's ecosystem decentralized financial (DeFi), applications including prediction markets and decentralized exchanges.

WBTC can also be backed by Bitcoin in a 1:1 ratio through a network automatically monitored merchants/custodians. This guarantees that WBTC's price remains stable at Bitcoin. It allows users to move liquidity between the ETH and BTC networks in a distributed, autonomous manner.

Wrapped Bitcoin officially launched on January 31, 2019, following its initial announcement on October 26, 2018,

Bitcoin is the most widely used cryptocurrency and also the largest. It has a large userbase and liquidity that can hold many billions of dollars. However, its blockchain functionality is quite primitive according to modern standards.

Ethereum was created from the ground up to be used in advanced applications, which is unlike Bitcoin. It makes use of smart contracts technology to create an entire industry called "decentralized financing".

The products derived from Ethereum provide advanced financial instruments, such as insurance and lending without the need to trust intermediaries.

WBTC permits full integration of Bitcoin-like assets in the advanced financial decentralized environment. This is done by "wrapping" BTC to conform to the ERC-20 standard. This allows for the huge liquidity that comes with BTC markets.

Wrapped Bitcoin makes it easier to use Ethereum-based wallets, exchanges and payment services. They no longer need to run two separate nodes for ETH and BTC networks. Instead, they can support WBTC operations with one Ethereum node.

Ethereum blockchain blocks in about 15 seconds. This is a significant improvement over 10 minutes.

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