How to Buy SKALE (SKL) in Australia

1. Choose a crypto exchange

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

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

And of course, the final step is to find SKALE 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 SKALE (SKL)

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 SKALE

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

Considerations when looking to buy SKALE.

SKALE is an elastic network designed to scale Ethereum. The decentralized project will increase transaction capacity and reduce latency, as well as ensure that payments are made as inexpensively as possible.

According to the project's website, it aims to allow people to create and run DApps in a modular cloud that is "decentralized and modular for real-world requirements and configured for their needs." Security is not sacrificed.

SKALE claims that those who use this platform to build Solidity smart contracts can do so "thousands of time faster and at a fraction the cost of the mainnet" -- games and content streaming services are just a few of the many projects that have already taken advantage of it infrastructure.

SKALE Network aims to improve security and decentralization for Ethereum-based apps.

Incentives are offered to token holders who participate in validators and help improve the security and scalability of the SKALE Network.

The SKALE Network was first to launch a token using ConsenSys Codefi’s Activate platform. This platform is "designed to launch decentralized network and allow customers to buy, manage, and use their tokens -- all within one application." Activate was created to establish new standards for utility token distribution and make networks fully usable once tokens have been sold. This approach is expected to improve the reputation of the initial coin-offering sector, which has been vulnerable to fraud in recent years.

SKALE has launched a token that meets regulatory standards. This token is intended to be widely used and prevent fraudulent activity.

Ethereum can take a while to authorize and verify transactions. The team claims that SKALE Network significantly speeds up the process of verifying transactions on Ethereum. SKALE can run up to 2,000 transactions per second per network and operate at a speed of nearly 3,000 transactions per second.