How to buy Casper Network (CSPR) in Australia

Casper Network (CSPR) is the 209th largest cryptocurrency by market cap, valued at US$386,977,788.

Casper Network is a highly volatile asset capable of major price swings in a single day. Today CSPR is trading for $0.03235388 USD, which is lower than yesterday's trading price of $0.0324002058 USD. Over the past year, Casper Network's price has seen a decrease of -36%.

So before you buy Casper Network, make sure you understand these unique risks as well as its legal and tax status here in Australia.

If you're ready to get started, read on for step-by-step instructions on how you can use to buy Casper Network.

Where to buy Casper Network in Australia

Find an exchange to buy, sell and trade CSPR by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the exchange.

What is Casper Network?

Casper is a proof-of-stake blockchain platform that has been designed specifically for enterprises as well as developers. It is the first blockchain that has been devised using the Correct-by-Construction (CBC) Casper specifications. According to Coindesk, CBC was originally created by lead Ethereum developer Vlad Zamfir to help the blockchain scale, but was ditched in favor of a sharding model suggested by Ethereum creator Vitalik Buterin. As a result, Casper is a highly anticipated blockchain that is comparable to Ethereum. It is able to help in the creation of new markets as well as in the tokenization of almost every conceivable asset — without compromising on the network's overall security, privacy or operational output. CSPR is the native utility token of the Casper ecosystem. It can be used by individuals for staking purposes as well as for securing the network. The currency also serves as the fuel for all of the platform's native transaction and network activities.

Best Casper Network wallets to store your CSPR

You can keep your CSPR on the exchange you purchased it on, or move it to a personal wallet:

• Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
• Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your CSPR below.

Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Is Casper Network a good investment?

If you're thinking of buying any CSPR, make sure you consider the following:

• Unique consensus mechanism:
• Casper is one of the first blockchain platforms to make use of the Correct-by-Construction (CBC) Casper specification that was developed by Ethereum's early dev team so as to allow for rapid blockchain adoption and scalability, especially within enterprise circles.
• Scalability: Thanks to its use of a proof-of-stake (PoS) framework, Casper is able to deliver a high level of scalability all while providing users with a host of tools that can be used for database management-related purposes.
• Energy saving: Since the platform depends on select node validators via PoS — unlike the proof-of-work (PoW) mechanism — it is able to reduce its overall electricity requirements. Compared to PoW systems, Casper requires significantly less overall computing power to add new blocks to its ledger.
• Solid backing team: Casper's CEO is Mrinal Manohar, a Carnegie Mellon University graduate who, before getting involved in the crypto space, worked with Microsoft as well as the Federal Bureau of Investigation (FBI), albeit as an intern. In the past, he has invested in a number of high-profile projects, including Ethereum, Tezos, Filecoin and Maker.
• Clifford Sarkin is the company's chief operating officer. He holds multiple degrees from Harvard Law School and UC Berkeley. Furthermore, in the past, he has been involved with a number of notable projects, including Scalio, ADAPtive Holdings and Metamason.
• Upgradeable Smart Contracts: The platform allows for on-chain smart contracts to be updated seamlessly, thereby completely removing the need for any complex migration processes to be carried out by the user. The system also helps allow users in determining transaction gas costs beforehand fairly accurately.

Today's Casper Network price versus ATH

Compare today's price of Casper Network ($0.03235388 USD) against its all-time-high price of $1.33 USD on 12 May 2021. The closer the bar is to 100%, the closer CSPR is to reaching its ATH again.

How to trade, convert or sell Casper Network

You can convert or sell your CSPR with the same exchange you bought it through:

1. Sign in to the exchange you have CSPR on.
2. If you store your Casper Network in a digital wallet, compare crypto exchanges to convert or sell it on.
3. Choose Sell or Convert and place a sell order.
4. Choose the amount of CSPR you'd like to convert or sell.
5. Confirm the sell price and fees and close your sale of Casper Network.
6. Complete your transaction and move your CSPR to a crypto wallet for storage.

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