Finder makes money from featured partners, but editorial opinions are our own.

How to buy aelf (ELF) in Australia

Learn how to buy aelf (ELF) on 15+ crypto exchanges in our step-by-step guide.

OFFER

Binance Australia

Binance Australia logo
  • Trade ELF and 380 other cryptos.
  • Earn yield on your crypto holdings.
  • Earn up to US$100 in rewards by completing welcome tasks within 7 days of signup. T&Cs apply.
Go to site

aelf (ELF) is the 182nd largest cryptocurrency by market cap, valued at US$439,144,249.

aelf is a highly volatile asset capable of major price swings in a single day. Today ELF is trading for $0.606292 USD, which is higher than yesterday's trading price of $0.5601369919 USD. Over the past year, aelf's price has seen an increase of 109%.

So before you buy aelf, 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 aelf.

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

How to buy aelf in 5 steps

The whole process can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment.

  1. Compare crypto exchanges
    The easiest way to buy aelf is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.
  2. Create an account
    To create an account on an exchange, you will need to verify your email address and identity. Have some photo ID and your phone ready.
  3. Make a deposit
    Once verified, you can deposit AUD using the payment method that best suits you – cryptocurrency, bank and card payments are widely accepted.
  4. Buy aelf
    You can now exchange your funds for aelf. On beginner-friendly exchanges, this is as simple as entering the AUD or ELF amount you want to purchase and clicking "buy".
  5. Secure your aelf
    Consider transferring your ELF to a personal crypto wallet to protect against some of the risks of keeping it on an exchange, such as hacks, scams or platform bankruptcy.

Where to buy aelf in Australia

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

1 - 5 of 13
Name Product Deposit methods Fiat currencies Cryptocurrencies Offer Disclaimer Link
CoinSpot
4.3★★★★★(300)
Finder AwardExclusive
EXCLUSIVE
CoinSpot
Bank transfer, Credit card, Cryptocurrency, Debit card, PayID

1

447

Get $20 in BTC when you make a deposit. T&Cs apply.

Capital at risk

View details
Swyftx
4.4★★★★★(373)
Exclusive
EXCLUSIVE
Swyftx
Bank transfer, Credit card, Cryptocurrency, Debit card, Osko, PayID

3

352

Get $20 in BTC when you verify your account. T&Cs apply.

Capital at risk

View details
Binance Australia
4.8★★★★★(1987)
Finder Award
OFFER
Binance Australia
Credit card, Cryptocurrency, Debit card, P2P

81

381

Earn up to US$100 in rewards by completing welcome tasks within 7 days of signup. T&Cs apply.

Capital at risk

View details
Coinstash
4.6★★★★★(36)
Finder AwardExclusive
EXCLUSIVE
Coinstash
Bank transfer, Cryptocurrency, Osko, PayID

1

815

Finder exclusive: Get up to $200 BTC when you complete certain steps on sign up. T&Cs apply.

Capital at risk

View details
KuCoin
KuCoin
Credit card, Cryptocurrency, Debit card, P2P

5

780

Sign up and earn 500 USDT + bonus gift of 200 USDT in trading coupons + limited time offer of 7,500 USDT in futures trial funds. T&Cs apply.

Capital at risk

View details
Disclaimer: Star ratings are only displayed for products with 10 or more reviews.
loading

How we keep this aelf guide up-to-date

  • ELF price data is regularly updated through data feeds so you always have the latest information.

What is aelf?

Aelf is a decentralised cloud computing blockchain network. A self-evolving network, aelf is a blockchain system designed to function as an operating system providing increased efficiency and the potential for customisation.

Originally known as Grid, aelf is a multi-chain parallel computing blockchain framework. Its creators envision it as a 'Linux ecosystem' for blockchain, and aelf is designed to act as a versatile operating system to meet commercial needs. In other words, it's hoped that aelf will provide the infrastructure for a new generation of digital businesses.

Based in Singapore, aelf launched in December 2017. Rather than holding a public ICO, it raised 55,000 ETH in a private token sale to investors such as Alphabit, Block Tower, 1kx capital, FBG Capital and more. ELF coins, the native token of aelf's network, are used for fee payments on the platform.

How do I find the best places to buy aelf?

Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods. You can use our table to compare the features of popular cryptocurrency exchanges available in Australia to help you choose the one that's right for you.

Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review page.

What will I need to buy aelf?

To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it's a good idea to have those ready.

An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading aelf.

  • This process is known as Know Your Customer (KYC) and usually requires photo ID and a webcam or smartphone. You may also need to prove your address by uploading a copy of a recent bank statement or utility bill.
  • Some exchanges allow you to deposit and trade cryptocurrencies without passing KYC, but they will not allow you to transfer local currency from your bank account. So if you are planning on purchasing ELF with your local currency then you will need to pass KYC.
  • Once you have verified your identity, it is a good idea to enable 2-factor authentication (2FA) before depositing any funds. This will increase the security of your account and help keep your funds safe.

What are the best ways to buy aelf?

Once you've created an account, you will need to deposit funds to buy ELF with. You can either deposit local currency from a bank account or credit card, or transfer cryptocurrency from another exchange or wallet. Here are some popular ways to buy ELF:

  • Bank account: Transfers from local bank accounts are usually free, but you will need to double-check this with the exchange you choose – this information can be found in our table by clicking on 'view details'.
  • Credit or debit card: Linking a card to your account is another convenient way to top up your account, but be aware that it usually attracts an additional fee. An advantage, though, is that you can use a card to make instant purchases or set up a recurring purchase.
  • Cryptocurrency: You can usually purchase ELF by trading it for another cryptocurrency like Bitcoin or a stablecoin. This varies between exchanges though, so you will need to search for ELF on the spot market to see what cryptocurrencies it can be traded for.

What is the easiest way to buy aelf?

The easiest way to buy ELF is by placing an 'instant buy' order to purchase it for a fixed price but not all crypto exchanges offer this feature.

Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more expensive than using the spot market.

Before buying ELF, you may want to check the market conditions. To help you decide if now is the right time to buy, you can take a look at our all-time high tool to get an idea of how the price of aelf has been performing recently.

Best aelf wallets to store your ELF

You can keep your ELF 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 ELF below.

Ledger Nano X Wallet

Trezor Model T Wallet

Go to site
Go to site

Supported assets

5,500+

Supported assets

9,000+

Price (USD)

$149

Price (USD)

$179

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

Is aelf a good investment?

You should never invest in anything you don't fully understand, so it's essential to be aware of all the risks associated with cryptocurrency trading before you make any purchases.

If you're thinking of buying ELF, below are some of the factors you should consider:

  • Supply: The max supply of ELF is 1,000,000,000 tokens, while its total supply is 880 million.
  • Use-case: ELF tokens are used to pay resource fees in the network, such as the deployment of smart contracts, transaction fees and cross-chain data transfer fees. ELF holders can also vote on major decisions, such as electing mining nodes and introducing new features to the system.
  • Candy rewards system: Those that contribute to the aelf ecosystem are eligible to participate in the network's rewards system, called Candy. By doing basic tasks, such as liking tweets, inviting friends to social media accounts and so on, you earn points. These points can then be exchanged for ELF tokens.
  • aelf Enterprise: The team behind aelf have understood the importance of business adoption in blockchain initiatives, and have launched a blockchain solution that flexibly addresses specific industries. These include supply chain, IP protection and finance. The purpose of aelf enterprise is to onboard businesses at an enterprise level and offer them blockchain-specific services.

Today's aelf price versus ATH

Compare today's price of aelf ($0.606292 USD) against its all-time-high price of $2.6 USD on 09 January 2018. The closer the bar is to 100%, the closer ELF is to reaching its ATH again.

aelf's price: $0.606292 USD
ATH date: January 09, 2018
23.32%

aelf ATH: $2.6 USD


How to trade, convert or sell aelf

You can convert or sell your ELF with the same exchange you bought it through:
  1. Sign in to the exchange you have ELF on.
  2. If you store your aelf 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 ELF you'd like to convert or sell.
  5. Confirm the sell price and fees and close your sale of aelf.
  6. Complete your transaction and move your ELF to a crypto wallet for storage.

How to buy other cryptos

Bitcoin
Ethereum
Tether
BNB
Solana
Lido Staked Ether
XRP
Dogecoin
Toncoin
Cardano

Disclaimer: Cryptocurrencies, including aelf, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of ELF is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the aelf or any other cryptocurrency discussed.

More guides on Finder

Go to site