How to Buy Ontology (ONT) in Australia

1. Choose a crypto exchange

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

You can find our top 3 exchanges for buying Ontology here, alternatively you can also check our comparison of the best Australian crypto trading platforms, 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 Ontology

And of course, the final step is to find Ontology 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 Ontology (ONT)

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 Ontology

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

Considerations when looking to buy Ontology.

Ontology is a project that aims to bring trust, privacy and security to Web3 via decentralized identity and data systems. It is developing the infrastructure for trusted access to Web3. This will allow individuals and businesses to feel confident that users and their privacy are protected through digital identity solutions that comply with regulatory requirements.

The Ontology public blockchain is fast and low-cost. It was created to provide Web3 with decentralized identity solutions and data solutions. The goal is to increase trust, transparency and privacy. Users and enterprises have the ability to create blockchain-based solutions that meet their requirements while still complying with regulatory regulations. Ontology's Ethereum Virtual Machine, (EVM) ensures that Ethereum is compatible with Ontology. This is the first step towards the creation of the Ontology Multi-Virtual Machine.

Ontology opted to abandon the ICO model at its launch and instead chose to distribute its ONT cryptocurrency in a series of community distributions.

This allowed for both organic price discovery as well as a community of passion, which helped the project avoid regulatory scrutiny.

For a short time, anyone who signed up to the Ontology newsletter was eligible for an airdrop of 1,000 ONT. This token reached $10 in value soon after it was listed on major exchanges such as Binance.

Ontology's MainNet was launched on June 30, 2018, and has been running smoothly ever since.

Ontology provides a wide range of real-life applications and allows businesses to create their own blockchains on top of the Ontology Blockchain. This gives businesses and enterprises more flexibility, allowing them to build customized blockchains that meet their needs.

Interoperability is the goal of Ontology's chain. The network supports three virtual machines: Ontology EVM (NeoVM), WasmVM (WasmVM). This helps to remove barriers and create a familiar environment for anyone who wants to use Ontology. This infrastructure provides the foundation for easy cross-chain Web3 building.

Web3's infrastructure is just one solution to the problems. It is important to provide a user experience. This is where Ontology can make a significant contribution. ONTO Wallet allows cross-chain access for the user, putting Web3 right in their hands. This is combined with ONT ID which gives users control over their ID and data. ONT Login simplifies registration and password management. Ontology also has the tools to ensure seamless access to the next version of the Internet.