How to Buy Internet Computer (ICP) in Australia

1. Choose a crypto exchange

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

You can find our top 3 exchanges for buying Internet Computer here, alternatively you can also check our comparison of the best Australian cryptocurrency exchanges 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 Internet Computer

And of course, the final step is to find Internet Computer 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 Internet Computer (ICP)

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 Internet Computer

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

Considerations when looking to buy Internet Computer.

Internet Computer (ICP), a decentralized blockchain network, was launched by the DFINITY Foundation in May 2021. It has a global goal of pushing the boundaries of Internet functionality and supporting smart contract development on a larger scale. The project has many advantages, including a highly skilled team of crypto enthusiasts as well as the ability to build dApps using smart contracts. ICP also supports almost unlimited scalability, as well as a high level security through a system that checks.

Internet Computer's mission is to transform the public Internet into an international computing platform. Internet Computer is positioned by its developers as a revolutionary network due to the fact that the blockchain has been made publicly available and boasts impressive functionality. The project also provides an environment that is borderless for smart contracts. It runs at web speed and has lower computational costs.

Internet Computer allows developers to create DApps and upload their code to the Internet. Transactions can also be made faster and more cost-effectively with ICP. The creators claim that the project allows users to choose between commercial cloud services and centralized services.

ICP's application of decentralized technology to Internet is the key feature that makes them unique. This project seeks to give developers and users the power they need to access the Internet. It also enlists the support of all those who host or participate in the network. Internet Computer's purpose is to expand the public Internet. It introduces Chain Key Technology, which is a set cryptographic protocols. These components include Threshold (a consensus model), Non Interactive Distributed Key Generation (NI-DKG), Network Nervous System (NNS) (an on-chain governance mechanism), and decentralized identification a.k.a. Internet Identity.

Dominic Williams, founder and chief scientist at DFINITY Foundation, spoke out in support of the enormous potential of this project. He immediately called attention to the community and the speed of transactions, as well as the ability to scale quickly and lower computing costs.

ICP is backed in part by the crypto industry with well-respected investors like Andreessen Horowitz and Aspect Ventures.

Internet Computer's unique features that distinguish it from its competitors:

  • Internet Computer allows anyone to create software and then run it online; anyone can learn blockchain technology and any developer can create a DeFi app.
  • All work is done in a decentralized network using special equipment. Many other blockchains are run on the cloud.
  • Internet Computer is all about speed. The ICP cryptocurrency works at internet speed.