How to buy Alpaca Finance (ALPACA) in Australia

Learn how to buy Alpaca Finance (ALPACA) easily by following a step-by-step guide and comparing 10+ crypto exchanges.

We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!

How to buy Alpaca Finance

1. Compare crypto exchanges

The easiest way to buy Alpaca Finance 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 $ using the payment method that best suits you – bank transfer, bpay, cash and cryptocurrency payments are widely accepted.

4. Buy Alpaca Finance

You can now exchange your funds for Alpaca Finance. On easier-to-use exchanges, this is as easy as entering the amount you want to purchase and clicking buy. If you like you can now withdraw your Alpaca Finance to your personal wallet.

Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Where to buy Alpaca Finance in Australia

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

1 - 6 of 8
Name Product Deposit methods Fiat Currencies Cryptocurrencies
CoinSpot Cryptocurrency Exchange
Bank transfer, BPAY, Cash, Cryptocurrency, POLi, PayID
AUD

364
cryptocurrencies

CoinSpot lets you buy, sell and swap 100s of cryptos from its simple-to-use desktop or app trading accounts.
Swyftx Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, Osko, PayID
AUD, NZD

313
cryptocurrencies

Finder Exclusive: Receive $10 BTC on sign-up and verification.
Buy and sell a wide range of cryptocurrencies at competitive rates on this Australian exchange.
Digital Surge Cryptocurrency Exchange
Bank transfer, Cryptocurrency, POLi, Osko, PayID
AUD

304
cryptocurrencies

An Australian based exchange with a focus on simplicity that allows users to purchase a range of cryptocurrencies with AUD.
Binance Cryptocurrency Exchange
Credit card, Cryptocurrency, Debit card, Osko, PayID
USD, AUD, GBP, CAD, EUR, CNY, RUB, TRY, NGN, UAH & 40+ more

367
cryptocurrencies

Earn up to USD100 in rewards by completing welcome offer tasks within 7 days of sign up. T&Cs apply.
Binance is the world’s largest exchange by trading volume. Get started with instant zero fee AUD deposits and withdrawals in Australia, and enjoy low trading fees, a wide selection of cryptocurrencies and 24/7 local customer support.
Cointree Cryptocurrency Exchange
Cash, Cryptocurrency, POLi, PayID, Online banking
AUD

281
cryptocurrencies

Finder Exclusive: Get $10 BTC after verification. T&Cs apply.
Buy 280+ cryptocurrencies with fast-growth portfolio insights, and the ability to swap any coin to any other instantly.
Coinstash Cryptocurrency Exchange
Bank transfer, Cryptocurrency, PayID
AUD

340
cryptocurrencies

Buy 250+ different cryptocurrencies using AUD with competitive trading fees on this Australian-owned and operated exchange.
loading

Compare up to 4 providers

Steps on how to buy Alpaca Finance

Look for an exchange that supports both fiat and cryptocurrency to simplify buying Alpaca Finance.

  1. Compare cryptocurrency exchanges that support ALPACA.
    Cryptocurrency exchanges differ by fees, security and payment methods, so you'll need to research which is the right fit for you. As a beginner, you don't need a big range of features, and you can always change exchanges later.
  2. Create an account on an exchange.
    You can sign up for an account by selecting the Go to site button. This will take you to the account creation page, where you can fill in your details, starting with your name and email address..
  3. Deposit funds into your account.
    Fund your account with a bank transfer, pay with a credit or debit card or deposit cryptocurrency from a crypto wallet to buy Alpaca Finance.
  4. Buy Alpaca Finance.
    Complete your Alpaca Finance purchase and then find the best wallet to store ALPACA.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

What to consider when buying Alpaca Finance

ALPACA is the native cryptocurrency of the platform and can be staked by users in order to earn xAlpaca, a governance token designed to help facilitate a variety of voting related actions within the network — i.e. 1 xALPACA token = 1 Vote. Here are a few key aspects of the project worth considering before investing:

  • Fixed supply:One of the key aspects of ALPACA is that it comes with a preset hard cap of 188,000,000 tokens such that no more coins can enter circulation once this number is attained. As a result, the value of ALPACA stands to increase over time as and when the project’s popularity increases and demand for the currency surges.
  • Established team of backers:James Strudwick and Pete Woodard are the two individuals responsible for the creation of Alpaca Finance. According to the official company websitewebsiteJames has been involved with the blockchain industry for nearly half a decade and has previously been associated with prominent mainstream financial firms including BNP Paribas and Capital Markets. On the other hand, Pete is a banking expert who has previously served as the CEO for cryptocurrency lending company Nebeus.
  • Capital efficiency based modelAlpaca Finance seeks to help resolve the issue of capital inefficiency — emanating as a result of poor smart contract execution and design — affecting a number of lending protocols in the market today. As a result, the platform is able to deliver annual percentage yields (APYs) that are much higher than many of its closest rivals including Compound, Celsius, Aave.
  • Popular token offering: Thanks to its incentive driven design, ALPACA tokens have continued to accrue a growing amount of popularity within the financial mainstream, as is best highlighted by the fact that they are available across a number of popular trading platforms including Binance, MEXC Global, PancakeSwap, amongst others.

How to sell Alpaca Finance

You can cash out your ALPACA with the same exchange you bought it through:

  1. Sign in to the exchange you have ALPACA on.
    If you store your Alpaca Finance in a digital wallet, compare crypto exchanges to sell it on.
  2. Place a sell order.
    Choose the amount of ALPACA you'd like to sell.
  3. Complete your transaction.
    Confirm the sell price and fees and close your sale of Alpaca Finance.

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

More guides on Finder

Get into cryptocurrency

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.
Go to site