How to Buy AMP (AMP) in Australia

1. Choose a crypto exchange

First things first, you need an exchange that both has AMP, and is trustworthy!

You can find our top 3 exchanges for buying AMP here, alternatively you can also check our comparison of the best crypto trading platforms in Australia if you’re generally interested in seeing which exchanges work for Australians.

2. Sign up with the crypto exchange

Once you’ve chosen your crypto exchange, it’s just a matter of signing up and getting your account verified. Most exchanges have streamlined this process very well so it shouldn’t take long.

3. Fund your account

The next step is to transfer AUD or another cryptocurrency into your account. Most top crypto exchanges offer various payment methods. From bank transfer to PayID, POLi pay and credit cards, it’s very straightforward.

4. Buy AMP

And of course, the final step is to find AMP on the exchange and buy it. A lot of exchanges offer different ways of buying cryptocurrencies, like market orders and limit orders.

Where to Buy AMP (AMP)

ExchangeRatingAvailable CryptocurrenciesFeesVisit Site
Swyftx Logo5/5350+0.6%VISIT SITE
Binance Logo4.5/5300+0.1%VISIT SITE
Digital Surge Logo4/5200+VariesVISIT SITE

How to Sell AMP

  1. Sign into the exchange
  2. Find where you stored your AMP, either on a hardware wallet or on the exchange.
  3. Transfer your AMP to the right place on the exchange, it could just be the same wallet or a dedicated trading account.
  4. Sell AMP.
Businessman looking at crypto trend

Considerations when looking to buy AMP.

Amp is a new digital collateral token that provides instant, verifiable guarantees for any type of value transfer. Networks like Flexa can use Amp to quickly and irreversibly secure transactions in a variety of asset-related cases.

Amp claims to provide a simple but flexible interface for verifiable collateralization via a system that includes collateral partitions and collateral mangers. Collateral partitions can be used to secure any account, transaction or application and can carry balances that are directly verifiable via the Ethereum blockchain. Collateral managers are smart contracts that allow you to lock, release and redirect collateral in these parts as required to support value transfer activities.

Amp supports many use cases of collateralization and introduces the concept predefined partition strategies that can allow special capabilities like collateral models. These can enable tokens to be staked without leaving their original address.