How to Buy Storj (STORJ) in Australia

1. Choose a crypto exchange

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

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

And of course, the final step is to find Storj 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 Storj (STORJ)

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 Storj

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

Considerations when looking to buy Storj.

Storj is an open-source cloud storage system. It hosts user data using a distributed network of nodes. It also uses advanced encryption to protect hosted data.

Storj was introduced to the world in a December 2014 white paper. It was to be a peer-to-peer encrypted, decentralized cloud storage platform.

A white paper updated two years later was published. This paper describes a decentralized network that connects users who require cloud storage with those who sell hard drives. It was launched in 2018

Participants can be anyone with a computer and internet access. They are called a node, or a unit within the network. Storj tokens are used to reward space providers.

Storj, a decentralized cloud storage network is different in many ways. Storj is a distributed cloud storage network that runs on thousands of computers, rather than traditional cloud storage systems that store data in large data centers.

Tardigrade can be installed by anyone with extra storage. You only need a reliable and consistent internet connection.

Hosts pay less for storage than traditional cloud storage because of its efficiency.