How to Buy Status (SNT) in Australia

1. Choose a crypto exchange

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

You can find our top 3 exchanges for buying Status 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 Status

And of course, the final step is to find Status 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 Status (SNT)

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 Status

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

Considerations when looking to buy Status.

Status can be described as both a desktop and mobile operating system, and a decentralized browser with a messaging system. Status lets you interact with any network from anywhere, at any time. It was released originally in June 2017.

This is a lightweight client Ethereum node and can give you access all Ethereum decentralized apps (otherwise known by DApps) via an app that's installed on your smartphone or tablet. Users can use this app to send encrypted messages and access decentralized apps, such as a cryptocurrency wallet.

Status (or SNT) is an open-source messaging platform that can also be used as a mobile interface. It allows users to interact directly with DApps that run on the Ethereum blockchain. Users receive over 2,000 DApps in return. They can send and get encrypted messages on a peer to peer basis, and can make payments and use smart contracts.

Status Network Tokens (or SNT) are the currency used by the network. Status's goal is to speed up and make it easier for Ethereum DApps to be adopted.

There is also a users-as-stakeholders network that allows the behavior of the network and its software to become aligned with the interests of a specific user. Researchers conduct research on crypto economic models, and peer to peer technologies can help ensure a healthy Status Network.