How to Buy Dusk Network (DUSK) in Australia

1. Choose a crypto exchange

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

You can find our top 3 exchanges for buying Dusk Network here, alternatively you can also check our comparison of the best crypto exchanges 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 Dusk Network

And of course, the final step is to find Dusk Network 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 Dusk Network (DUSK)

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 Dusk Network

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

Considerations when looking to buy Dusk Network.

Dusk Network is a blockchain that programmable and confidential securities. It uses Zero-Knowledge proofs as well as a novel Private PoS leader extraction protocol. Dusk Network is a privacy-based blockchain for financial applications. It is a layer-1 Blockchain that powers Confidential Security Contracts (XSC) and supports native confidential smart contract.

Dusk Network is designed to meet the needs and requirements of financial markets. Its design includes a scalable, public infrastructure, transaction settlement, and strict data privacy.

Finality of direct settlement. Distributed Financial Market Infrastructure (dFMI), should allow for clear and final settlements of transactions. Transactions on the Dusk Network are quick, take only seconds, and provide immediate on-chain closure.

Privacy. Privacy. Dusk Network offers full user privacy. It allows decentralized applications and third parties to comply with strict compliance requirements while still protecting data privacy. This allows for greater efficiency and cost reduction by allowing businesses to run on-chain.

Public. To use the Dusk Network Blockchain, users do not require the approval of a trusted authority. A minimal amount of processing power is required to join the Dusk Network blockchain. Participants can be all users that have the DUSK token.

Dusk Network uses a transactional model called Phoenix to bring privacy and anonymity to transactions and smart-contracts. Tokens that are deployed on Dusk Network may also build on Zedger, which is a hybrid privacy-preserving model that is based on Phoenix and specifically designed for security tokens.

The network is secured by the 'Segregated Butzantine Agreement' (SBA). The team at Dusk Network believes that SBA is a better alternative to the Proof-of-Stake mechanism (PoS). It combines existing ideas such as cryptographic sortition, stealth time-locked transactions and reputation modules to increase the chance of choosing honest nodes and promote decentralization.

The DUSK tokens are used to initiate transactions, atomic swaps, and for the deployment smart contracts. DUSK tokens can be staked for participation in consensus, and as a way to exchange DUSK-denominated values. The team plans to increase the number of uses for DUSK in the future by adding it to an existing on-chain governance system.

Dusk Network was established in 2018 and is located in Amsterdam, The Netherlands.