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How to buy WAX (WAXP) in Australia

Learn how to buy WAX (WAXP) on 12+ crypto exchanges in our step-by-step guide.

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Disclaimer: Highly volatile investment product. Your capital is at risk.

WAX (WAXP) is the 261st largest cryptocurrency by market cap, valued at US$248,776,945.

WAX is a highly volatile asset capable of major price swings in a single day. Today WAXP is trading for $0.072402 USD, which is lower than yesterday's trading price of $0.0729695793 USD. Over the past year, WAX's price has seen an increase of 1%.

So before you buy WAX, 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 WAX.

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

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

1 - 5 of 12
Name Product Deposit methods Fiat currencies Cryptocurrencies Offer Disclaimer Link
Finder AwardExclusive
EXCLUSIVE
CoinSpot
Bank transfer, BPAY, Cash, 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
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
KuCoin
Bank transfer, Credit card, Cryptocurrency, Debit card, Neteller, POLi, PayID, Skrill, P2P, TransferWise, Apple Pay, Google Pay, Prepaid card, Revolut

52

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
Exclusive
EXCLUSIVE
Digital Surge Cryptocurrency Exchange
Bank transfer, Cryptocurrency, Osko, PayID

1

363

Receive $10 BTC on sign-up and verification. T&Cs apply.

Capital at risk

View details
Bybit
Bank transfer, Credit card, Cryptocurrency, Debit card, PayID, Moonpay, Fiat currencies, P2P, Banxa, Apple Pay, Google Pay, Mercuryo, Revolut, Wise

18

436

Disclaimer: Highly volatile investment product. Your capital is at risk.

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 WAX guide up-to-date

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

What is WAX?

WAX is home to hundreds of thousands of users playing NFT-based games. It positions itself as the most eco-friendly and accessible NFT gaming platform on the market. WAX is creating an gaming ecosystem that connects users to DeFi through a diverse range of play-to-earn games. You can earn NFTs within games and then sell them on secondary NFT marketplaces. The WAX blockchain was built from the ground up to cater to the unique needs of growing NFT communities around the world.

How do I find the best places to buy WAX?

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 WAX?

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 WAX.

  • 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 WAXP 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 WAX?

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

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

What is the easiest way to buy WAX?

The easiest way to buy WAXP 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 WAXP, 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 WAX has been performing recently.

Best WAX wallets to store your WAXP

You can keep your WAXP 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 WAXP below.

Ledger Nano X Wallet

Trezor Model T Wallet

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Supported assets

5,500+

Supported assets

9,000+

Price (USD)

$149

Price (USD)

$179

Recent WAX developments

October 2021: Popular blockchain games such as Splinterlands are built on the WAX blockchain. Within these games is the ability to create, and sell NFTs. May that be in game items such as weapons on virtual land. On October 27th, someone sold a region of land within Splinterlands for $695,000.
November, 2021: The WAX blockchain now has more than 6 million accounts, 15 million daily transactions, and 30k dApps operating on the network. The growth of the network is a factor for WAX reaching new all time highs in late 2021.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Is WAX a good investment?

Buying cryptocurrency can be a risky endeavor, but there are precautions you can take to help mitigate risk, such as learning more about WAX before buying:

  • Don't FOMO buy coins: Spend time researching a coin before you decide to invest, particularly if the coin's price is spiking for seemingly no reason.
  • Stick with well known exchanges: Unless you're an experienced cryptocurrency trader, stick to more well known crypto exchanges to help avoid the possibility of losing your money in a scam. When possible, store your crypto on a hardware wallet instead of on an exchange.
  • Look into the coin's founders and developers: Anonymous teams are often a red flag, so if you can't find details on the creator of the coin you may want to consider investing in a different cryptocurrency.

Today's WAX price versus ATH

Compare today's price of WAX ($0.072402 USD) against its all-time-high price of $2.77 USD on 09 January 2018. The closer the bar is to 100%, the closer WAXP is to reaching its ATH again.

WAX's price: $0.072402 USD
ATH date: January 09, 2018
2.61%

WAX ATH: $2.77 USD


How to trade, convert or sell WAX

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

How to buy other cryptos


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

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