LEO Token (LEO) is the 21st largest cryptocurrency by market cap, valued at US$5,428,710,207.
LEO Token is a highly volatile asset capable of major price swings in a single day. Today LEO is trading for $5.86 USD, which is higher than yesterday's trading price of $5.84 USD. Over the past year, LEO Token's price has seen an increase of 47%.
So before you buy LEO Token, 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 LEO Token.
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 LEO Token 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 LEO Token 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 LEO Token
You can now exchange your funds for LEO Token. On beginner-friendly exchanges, this is as simple as entering the AUD or LEO amount you want to purchase and clicking "buy".
Secure your LEO Token
Consider transferring your LEO 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 LEO Token in
Australia
Find an exchange to buy, sell and trade LEO 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 LEO Token guide up-to-date
LEO price data is regularly updated through data feeds so you always have the latest information.
What is LEO Token?
LEO is a utility token launched by cryptocurrency exchange Bitfinex in order to strengthen its community of backers as well as optimise its various internal technical and monetary operations. If you use LEO to facilitate your transactions within the Bitfinex ecosystem, you will automatically become eligible to receive a 15% taker fee discount on all of your trades. If you own LEO, you have the option of earning an additional 10% discount on taker fees as well as a substantial 25% reduction on all your crypto deposits and withdrawals. Lastly, when making use of LEO, you can earn up to 5% on all your peer-to-peer lending transactions.
How do I find the best places to buy LEO Token?
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 LEO Token?
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 LEO Token.
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 LEO 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 LEO Token?
Once you've created an account, you will need to deposit funds to buy LEO 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 LEO:
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 LEO by trading it for another cryptocurrency like Bitcoin or a stablecoin. This varies between exchanges though, so you will need to search for LEO on the spot market to see what cryptocurrencies it can be traded for.
What is the easiest way to buy LEO Token?
The easiest way to buy LEO 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 LEO, 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 LEO Token has been performing recently.
Best LEO Token wallets to store your LEO
You can keep your LEO 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 LEO below.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.
Is LEO Token a good investment?
Below are the aspects you should consider before investing in LEO:
Operating model: By making use of LEO, cryptocurrency owners can save on trading fees. The extent of the savings is determined by how many tokens one has as well as the saving schemes that are being offered by Bitfinex.
Variable fee pricing: The trading fee associated with LEO can vary significantly depending on whether it is being used to facilitate crypto-crypto or crypto-stablecoin transactions.
Solid backing team: LEO was created by iFinex, the crypto company behind prominent trading platforms Bitfinex and Ethfinex. J. L. van der Velde is the CEO of Bitfinex, who prior to entering the cryptocurrency space worked as the CEO of PAG, one of Asia's largest investment firms. Similarly, Paolo Ardoino is the CTO for Bitfinex and is closely associated with other prominent projects such as Tether (USDT).
Deflationary token supply model: LEO's original supply pool was set at one billion, however, this number is set to diminish over time since the token is deflationary in nature. In this regard, iFinex claims that it will gradually buy back all of the tokens from its investor base till there are none left in market circulation.
Today's LEO Token price versus ATH
Compare today's price of LEO Token ($5.86 USD) against its all-time-high price of $8.14 USD on 08 February 2022. The closer the bar is to 100%, the closer LEO is to reaching its ATH again.
LEO Token's price: $5.86 USD ATH date: February 08, 2022
71.99%
LEO Token ATH: $8.14 USD
How to trade, convert or sell LEO Token
You can convert or sell your LEO with the same exchange you bought it through:
Sign in to the exchange you have LEO on.
If you store your LEO Token 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 LEO you'd like to convert or sell.
Confirm the sell price and fees and close your sale of LEO Token.
Complete your transaction and move your LEO to a crypto wallet for storage.
Disclaimer: Cryptocurrencies, including LEO Token, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of LEO 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 LEO Token or any other cryptocurrency discussed.
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