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How to buy Viction (VIC) in Australia

Learn how to buy Viction (VIC) on 3+ crypto exchanges in our step-by-step guide.

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Viction (VIC) is the 548th largest cryptocurrency by market cap, valued at US$71,687,547.

Viction is a highly volatile asset capable of major price swings in a single day. Today VIC is trading for $0.730522 USD, which is lower than yesterday's trading price of $0.733879425 USD. Over the past year, Viction's price has seen a decrease of -8%.

So before you buy Viction, 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 Viction.

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

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

1 - 2 of 2
Name Product Deposit methods Fiat currencies Cryptocurrencies Offer Disclaimer Link
Finder AwardExclusive
EXCLUSIVE
Coinstash
Bank transfer, Cryptocurrency, Osko, PayID

1

785

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

Capital at risk

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

86

711

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 Viction guide up-to-date

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

What is Viction?

TomoChain is an Ethereum Virtual Machine (EVM) compatible blockchain that seeks to help solve the many different scalability issues being faced by major crypto platforms today. The system allows users to facilitate low fee transactions all while providing fast confirmation times. Furthermore, the ecosystem makes use of certain niche' “randomization” and “double validation” protocols so as to maintain a high level of data integrity, internal security and individual privacy. TOMO is the native cryptocurrency of the Tomochain ecosystem. It is required by network participants for facilitating network transactions and staking.

How do I find the best places to buy Viction?

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 Viction?

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 Viction.

  • 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 VIC 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 Viction?

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

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

What is the easiest way to buy Viction?

The easiest way to buy VIC 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 VIC, 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 Viction has been performing recently.

Best Viction wallets to store your VIC

You can keep your VIC 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 VIC below.

Ledger Nano X Wallet

Trezor Model T Wallet

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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 Viction a good investment?

Below are the aspects you should consider before investing in TOMO:
  • Fast and scalable: TomoChain's functional output depends on a set-up that includes a total of 150 masternodes. These masternodes make use of a Proof of Stake Voting (PoSV) consensus model to help facilitate transactions that are not only instant but also feature very little transfer fees.
  • High throughput: While Bitcoin is currently able to process around 5-7 transactions (tx) per second and Ethereum is able to handle around 20, TomoChain claims to offer a transaction throughput rate of around 2,000 transactions.
  • Solid backing team: The project is headed by co-founder and CEO Long Vuong, who has previously been associated with a number of high-profile projects, including NEM. Le Ho is TomoChain's co-founder and CFO. She has previously served as the director for HSC Securities' Investment Banking Division. Lastly, the company has also been able to bring onboard its advisory panel a number of reputable industry leaders including Roger Lim from NEO Global Capital and Kambria co-founder Thuc Vu.
  • Employs sharding: To help with its scalability efforts, TomoChain employs sharding, wherein data sets are broken down into smaller fragments that are subsequently processed in conjunction with each other, thus allowing for faster information relay within the network.
  • Token supply mechanics: TomoChain also makes use of a variable supply token model, wherein a total of 100 million TOMO can come into existence during the first 8 years of the project's life cycle. However, following this period, the platform's masternodes have the option of increasing the currency's total supply by 0.5-1 million tokens per year (which works out to an inflation rate of around 0.5%-1% per annum).

Today's Viction price versus ATH

Compare today's price of Viction ($0.730522 USD) against its all-time-high price of $3.88 USD on 06 September 2021. The closer the bar is to 100%, the closer VIC is to reaching its ATH again.

Viction's price: $0.730522 USD
ATH date: September 06, 2021
18.83%

Viction ATH: $3.88 USD


How to trade, convert or sell Viction

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

How to buy other cryptos


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

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