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How to buy Beldex (BDX) in Australia

Learn how to buy Beldex (BDX) on 2+ crypto exchanges in our step-by-step guide.

Beldex (BDX) is in the top 1,000 cryptocurrencies by market cap, valued at US$237,387,985.

Beldex is a highly volatile asset capable of major price swings in a single day. Today BDX is trading for $0.03681148 USD, which is higher than yesterday's trading price of $0.035408796 USD. Over the past year, Beldex's price has seen a decrease of -33%.

So before you buy Beldex, 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 Beldex.

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 Beldex 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 Beldex 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 Beldex
    You can now exchange your funds for Beldex. On beginner-friendly exchanges, this is as simple as entering the AUD or BDX amount you want to purchase and clicking "buy".
  5. Secure your Beldex
    Consider transferring your BDX 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 Beldex in Australia

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

1 - 3 of 3
Name Product Deposit methods Fiat currencies Cryptocurrencies Offer Disclaimer Link
KuCoin
Credit card, Cryptocurrency, Debit card, P2P

5

794

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.
Go to site

Capital at risk

View details
Gate.io
Bank transfer, Credit card, Cryptocurrency, Debit card, PayID

64

2143

Invite friends and earn up to 40% commission. T&Cs apply.
Go to site

Capital at risk

View details
Changelly Crypto-to-Crypto Exchange
Changelly Crypto-to-Crypto Exchange
Bank transfer, Credit card, Cryptocurrency, Apple Pay

87

747

Go to site

Capital at risk

View details
Disclaimer: Star ratings are only displayed for products with 10 or more reviews.
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How we keep this Beldex guide up-to-date

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

What is Beldex?

Beldex, or BDX, is a privacy-focused cryptocurrency that is native to the Beldex ecosystem. It was originally created as a fork of the privacy-based coin, Monero. According to the Beldex website, the cryptocurrency runs on the native Beldex blockchain, which is focused on building a privacy ecosystem for the future. The Beldex ecosystem is set to include modules including BChat - a private messenger service, BelNet - a private VPN service, and Beldex Browser - a web browser that anonymises web traffic. There is also a centralised exchange which can facilitate private cryptocurrency swaps.

Beldex seeks to remove the privacy issues that plague some of the top cryptocurrencies including Bitcoin and Ethereum. All transactions within these blockchains can be traced far easier than even fiat currency transactions. To achieve this, the BDX coin implements ring signatures, confidential transactions and stealth addresses to hide transactions from external parties.

How do I find the best places to buy Beldex?

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 Beldex?

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 Beldex.

  • 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 BDX 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 Beldex?

Once you've created an account, you will need to deposit funds to buy BDX 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 BDX:

  • 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 BDX by trading it for another cryptocurrency like Bitcoin or a stablecoin. This varies between exchanges though, so you will need to search for BDX on the spot market to see what cryptocurrencies it can be traded for.

What is the easiest way to buy Beldex?

The easiest way to buy BDX 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 BDX, 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 Beldex has been performing recently.

Best Beldex wallets to store your BDX

You can keep your BDX 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 BDX 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 Beldex a good investment?

Due to the high levels of volatility, all altcoin investments should be thoroughly researched. This includes evaluating both the token and the associated platform. Here are a few factors to consider before investing in BDX:

  • Running a masternode:For those wishing to run a Beldex masternode within the network you will need 10,000 BEL coins within a single Beldex address. Once a user has the desired amount of coins they can connect to the Beldex blockchain, start validating transactions and begin earning BDX coins. The current block reward for masternode operators is 2 BDX coins per block.
  • Cross-chain anonymity: The Beldex ecosystem has worked towards cross-chain interoperability while keeping privacy intact. People can continue using BDX on other blockchains while transactions remain anonymous. This is achieved through the Beldex Bridge which swaps BDX tokens for wBDX. So far, the bridge has integrated the Binance Smart Chain blockchain. An Ethereum and Polkadot bridge is expected in the future.
  • PoW to PoS: The Beldex blockchain is currently moving from a Proof-of-Work consensus mechanism to a Proof-of-Stake mechanism. While this may improve internal architecture and speed in the long run, the upgrade may slow development in the near term.
  • Coin burning mechanism: The coin burning mechanism for BDX involves Flash transactions which are transactions completed within Beldex's second blockchain layer (similar to Bitcoin's Lightning Network). These transactions can be completed in seconds rather than tens of minutes. Fees for using Flash are higher. All Flash transaction fees are burned.

Today's Beldex price versus ATH

Compare today's price of Beldex ($0.03681148 USD) against its all-time-high price of $0.450785 USD on 17 December 2018. The closer the bar is to 100%, the closer BDX is to reaching its ATH again.

Beldex's price: $0.03681148 USD
ATH date: December 17, 2018
8.17%

Beldex ATH: $0.450785 USD


How to trade, convert or sell Beldex

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

How to buy other cryptos


Disclaimer: Cryptocurrencies, including Beldex, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of BDX 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 Beldex or any other cryptocurrency discussed.

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