Quick summary: Our recommendation is to use eToro to short The Graph. They have the most popular cryptocurrencies on offer, great support, and have an easy system for shorting cryptocurrencies in general.

Sign up with eToro

The Graph

While there are a lot of options out there for buying GRT, shorting is a different story. Luckily for us here in Australia, we do have a few crypto brokers and exchanges that allow for CFDs and shorting.

One of those brokers is eToro, which we’ll be using for this guide. Let’s get started!

How to Short The Graph in Australia

A quick recap first on what shorting actually is: The main objective of shorting or short selling is to make a profit (of course). The idea is to sell a stock/cryptocurrency hoping it will drop in value so you can buy it back later for cheaper, thus creating a net profit.

Shorting The Graph can be done in 4 easy steps:

  1. Choose a crypto broker or exchange
  2. Create an account
  3. Fund your account
  4. Short The Graph

1. Choose a cryptocurrency exchange

As mentioned before, for this guide we’ll be using eToro as they offer the ability to short the most common cryptocurrencies.

You can, of course, use any other crypto broker to follow along, they all work very similarly.

2. Create an account on the crypto exchange

Let’s start with just signing up with eToro.

Sign up with eToro

The sign-up process is very quick and easy, as is the verification that needs to be completed afterwards so you can get started.

3. Funding your account

Next is funding your account. You have several options when it comes to depositing AUD into your eToro Account. These include a bank transfer, credit card, debit card, PayPal, and more.

4. Short The Graph

Now for the actual shorting:

  • Starting off at the search bar at the top, find The Graph by entering the name or symbol.
  • Then on the crypto page/section, on the right side, hit the TRADE button to enter the trading interface.
  • At the top of the trading interface: Click on sell to short sell the stock.
  • Enter the amount for which you want to sell The Graph and click on “Open Trade”.

Once you’re ready to close the trade, hopefully when the value of The Graph has dropped, go to your Portfolio, find the The Graph trade, and click on the red cross to close the trade.

If your assumption/prediction was right, then the profit will be added to your account after closing the trade. If you were wrong on the other hand, you’ll incur a loss which will be debited from your eToro account.

Congratulations, now you know how to short The Graph!

Sign up with eToro

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.

Affiliate Disclosure: This site is supported by its users. We may receive commissions for purchases made through the links on our site. This does not impact our reviews, guides or comparisons.

Where to Short The Graph (GRT)

Aside from eToro, the other major exchange you can use is Binance.

While Binance tends to be a bit more complex compared to eToro, they do have more cryptocurrencies on offer.

Frequently Asked Questions

Can I short The Graph on Binance?

Yes, you can short The Graph on Binance. They have over 300 cryptocurrencies on offer and specialise in the crypto market. They also have a great app and competitive fees.

About The Graph

It's both an indexing protocol, and a global API that organizes blockchain data. The data can then be accessed via GraphQL. Graph Explorer is a tool that developers can use to search, find and publish public data needed to build decentralized apps. Developers can now create decentralized dApps entirely using public infrastructures.

It was established by Yaniv Tal (Project Lead), Jannis Phlman (Tech Lead), Brandom Ramirez, (Research Lead).

They closed a $5m private token sale, funded by Framework Ventures, Coinbase Ventures and Digital Currency Group. Multicoin Capital led a $2.5m seed round. A $12 million public sale was also done a few months before mainnet launched.

Developers have the ability to define subgraphs that describe how blockchain data will be used by app and/or dapp developers. Developers of apps and dapps can query the network with subgraph schemas using GraphQL, which is paid in GRT tokens.

These data will be served by indexers, who act in the role of nodes. They are incentivized to use GRT tokens to make sure that the API remains available in a decentralized way and that data is correctly served.

Curators are given the task of finding subgraphs that developers will find most useful. There can be many subgraphs. GRT tokens are given to curators in return for their help in finding the most useful subgraph.

Developers have access to most of the important Ethereum data through The Graph. This includes data for Uniswap (Balancer), Curve(Aave), Curve), Curve(Aave), Moloch DAO and Compound).

The Graph apps and dapps include CoinGecko (Uniswap Info), Decentraland and Synthetix as well Aragon and many others.

They also offer data from other Blockchains like Binance Smart Chains, Bitcoin, Cosmos and Avalanche, Flow and Polygon POS.

GRT Coin is the native token used to coordinate work. Indexers (also known as Node Operators) can stake their tokens and earn GRT to process queries. Anyone can give their tokens and earn rewards to indexers. The Graph is managed by curators who sign GRT on relevant APIs (called subgraphs) to organize the data. Delegators and indexers work together to manage the data in the crypto economy. They also maintain a useful global API that is accessible for DeFi and Web3.

Related Posts: