Table of Contents
1. Choose a crypto exchange
First things first, you need an exchange that both has Syscoin, and is trustworthy!
You can find our top 3 exchanges for buying Syscoin here, alternatively you can also check our comparison of the best cryptocurrency exchanges 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 Syscoin
And of course, the final step is to find Syscoin 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 Syscoin (SYS)
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How to Sell Syscoin
- Sign into the exchange
- Find where you stored your Syscoin, either on a hardware wallet or on the exchange.
- Transfer your Syscoin to the right place on the exchange, it could just be the same wallet or a dedicated trading account.
- Sell Syscoin.
Considerations when looking to buy Syscoin.
Syscoin, a smart contract platform, supports a cutting-edge Web 3.0 ecosystem that offers ultra-low fees and decentralized Layer-1 security. Layer-2 scalability allows for economies of scale through Rollups. Syscoin supports smart contracts in Metaverse, IoT and Smart Cities as well as future interplanetary economies. Syscoin's roadmap also includes ZK-Rollups and Optimistic Rolleups as well as Validium and DAOSYS, which are new types of DAOs that aim to provide self-sovereignty and governance-free treasury management.
Syscoin is a smart contract and rollup platform that secures transactions using Bitcoin's Proof of Work as well as the network of miners via merged-mining. Syscoin provides Finality through chainlocks, which are served with quorums incentivized full-nodes (masternodes). This Finality allows for safer Defi. It effectively eliminates the 51% attacks as well as long-range miner extractable values (MEV) attacks that Ethereum is still susceptible to. While retaining the proven Nakamoto consensus, and Proof of Work, it also provides for safer Defi.
Syscoin is a dual chain architecture that uses a rollup-centric design. This consists an Ethereum-based blockchain called Network Enhanced Virtual Machine, (NEVM) which was released December 6, 2021. It is 100% compatible to any smart contracts and Rollups made for Ethereum. Syscoin Core, or Syscoin Main is the other blockchain. It is a Bitcoin-based cryptocurrency with an asset layer that supports both non-fungible and fungible tokens, taproot and a proprietary DAG protocol called ZDAG. Syscoin allows developers and users to draw on the strengths of each model, and Syscoin can create new synergies where necessary. Both blockchains use the same native coin SYS, which is based upon EIP-1559. Syscoin Bridge, which is trustless and permissionless, allows SYS owners to transfer SYS between the chains using a 2-way peg mechanism.
This project has a broad scope and provides innovative solutions to many industry-wide problems, including regulatory compliance. Syscoin offers Notary, an opt in solution for compliance that allows enterprises to use Syscoin's public Blockchain for tokens. It also ensures regulatory pre-compliance on individual transactions, while asset owners keep their self-custody. This technical foundation is necessary for the future where securities and stocks may participate in Defi on public blockchains alongside other tokens.