How to Buy Standard Tokenization Protocol (STPT) in Australia

1. Choose a crypto exchange

First things first, you need an exchange that both has Standard Tokenization Protocol, and is trustworthy!

You can find our top 3 exchanges for buying Standard Tokenization Protocol 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 Standard Tokenization Protocol

And of course, the final step is to find Standard Tokenization Protocol 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 Standard Tokenization Protocol (STPT)

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 Standard Tokenization Protocol

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

Considerations when looking to buy Standard Tokenization Protocol.

Users can create a stablecoin using the Standard Tokenization Protocol platform. This secures the collateral of assets on the Polkadot Blockchain. A stablecoin can be a cryptocurrency with a digital robot that transfers or disperses an asset whenever you spend it.

They link the USTP stablecoin with US dollars in trust accounts, for example. If you spend a USTP stabilitycoin, the USTP's digital bot will release USD payments.

The STP can be used to create stablecoins that lock up collateral. A stablecoin can be used to lock up gold, bitcoin (BTC), US Dollars, bonds, etc.

The STP Protocol allows creators to burn stablecoins in order to recover their locked collateral. STP uses reverse-tokenize to burn the stablecoins.

They will also integrate STP assets into existing DeFi (decentralized financing) applications. You could, for example, integrate an STP stablecoin and the Bancor (BNT), liquidity platform. You could theoretically trade STP assets across multiple blockchain platforms. You could trade STP assets on several blockchain platforms, such as Ethereum (ETH), Ripple (XRP), or Polkadot(DOT).

The Standard Tokenization Protocol could theoretically allow anyone to create Tether.

STP has many other potential uses than stablecoins. You could create a stablecoin using the Standard Tokenization Protocol. This would lock in a corporate bond, or stock. For example, a company could use STP to tokenize its stock.

An investment bank might use the STP for tokenizing equity in companies or corporate bonds. STP could be used by the bank to tokenize commodities, such as gold and silver. STP could also be used by an oil company to tokenize its oil.

STP could be used by anyone to tokenize any asset. STP could be used to tokenize art by an artist, for example.