Fetch.ai (FET) is the 56th largest cryptocurrency by market cap, valued at US$2,104,055,789.
Fetch.ai is a highly volatile asset capable of major price swings in a single day. Today FET is trading for $2.01 USD, which is higher than yesterday's trading price of $1.97 USD. Over the past year, Fetch.ai's price has seen an increase of 533%.
So before you buy Fetch.ai, 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 Fetch.ai.
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 Fetch.ai 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.
Compare crypto exchanges
The easiest way to buy Fetch.ai 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.
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.
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.
Buy Fetch.ai
You can now exchange your funds for Fetch.ai. On beginner-friendly exchanges, this is as simple as entering the AUD or FET amount you want to purchase and clicking "buy".
Secure your Fetch.ai
Consider transferring your FET 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 Fetch.ai in
Australia
Find an exchange to buy, sell and trade FET by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the exchange.
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How we keep this Fetch.ai guide up-to-date
FET price data is regularly updated through data feeds so you always have the latest information.
What is Fetch.ai?
Fetch.ai is a unique platform that harnesses the potential of machine learning (ML), artificial intelligence (AI) and blockchain technology to help devise a digital economy that is automated as much as possible, thereby eliminating manual errors and the need for any human intervention. The ecosystem seeks to facilitate autonomous economic transactions, thus allowing for the development of near-frictionless marketplaces. The FET token is the native cryptocurrency of the Fetch.ai ecosystem. It is also used as the core medium of exchange for transactions taking place across the network. The asset can also be staked in order to secure the platform.
How do I find the best places to buy Fetch.ai?
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 Fetch.ai?
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 Fetch.ai.
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 FET 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 Fetch.ai?
Once you've created an account, you will need to deposit funds to buy FET 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 FET:
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 FET by trading it for another cryptocurrency like Bitcoin or a stablecoin. This varies between exchanges though, so you will need to search for FET on the spot market to see what cryptocurrencies it can be traded for.
What is the easiest way to buy Fetch.ai?
The easiest way to buy FET 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 FET, 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 Fetch.ai has been performing recently.
Best Fetch.ai wallets to store your FET
You can keep your FET 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 FET below.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.
Is Fetch.ai a good investment?
Consider the following before buying FET:
Efficient computing framework: Fetch.AI helps allow a number of economic modules to work in tandem (either in series or parallel) with one another, thereby allowing for complex transactions to be completed in a seamless, near-friction free manner.
Integration capabilities: The platform features near-autonomous system integrations for a number of third-party components related to unique technologies such as machine learning and artificial intelligence, thereby allowing for the facilitation of improved decision-making processes.
Fast transactions: Owing to the fact that the platform is governed almost entirely in an automated fashion, monetary transactions taking place within the system are fairly seamless and can be completed at lightning-fast speeds. To help achieve this, Fetch.AI makes use of a Directed Acyclic Graph (DAG) framework that ensures millions of transactions can take place per second at almost no cost.
Experienced team: Fetch.AI has Humayun Sheikh as its CEO and co-founder. Sheikh is a serial entrepreneur who was an early investor in the AI-centered research outfit 'Deepmind' (which was bought out by Google in 214).
Today's Fetch.ai price versus ATH
Compare today's price of Fetch.ai ($2.01 USD) against its all-time-high price of $3.45 USD on 28 March 2024. The closer the bar is to 100%, the closer FET is to reaching its ATH again.
Fetch.ai's price: $2.01 USD ATH date: March 28, 2024
58.26%
Fetch.ai ATH: $3.45 USD
How to trade, convert or sell Fetch.ai
You can convert or sell your FET with the same exchange you bought it through:
Sign in to the exchange you have FET on.
If you store your Fetch.ai in a digital wallet, compare crypto exchanges to convert or sell it on.
Choose Sell or Convert and place a sell order.
Choose the amount of FET you'd like to convert or sell.
Confirm the sell price and fees and close your sale of Fetch.ai.
Complete your transaction and move your FET to a crypto wallet for storage.
Disclaimer: Cryptocurrencies, including Fetch.ai, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of FET 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 Fetch.ai or any other cryptocurrency discussed.
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