How to buy Amp (AMP) in Australia
A beginner's guide to buying and selling AMP in Australia.
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How to buy Amp
Look for an exchange that supports both fiat and cryptocurrency to simplify buying Amp.
- Open an account on an exchange that supports AMP.
Jump to our table to compare popular options — just remember that most exchanges require an email address, phone number and proof of ID to register.
- 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 Amp.
- Buy Amp.
Complete your Amp purchase and then find the best wallet to store AMP.
What is Amp?
Amp is the native token for the Flexa payment platform. Flexa is a payment network that allows users to spend Bitcoin and other cryptocurrencies at retailers such as Nordstrom, Barnes & Nobles and Lowe’s. Flexa payment is accepted in over 40,000 stores in the US and Canada. Using Flexa, you can make instant and fraud-proof payment to retailers without the need to disclose sensitive personal information. As a Flexa user your spending limit is capped at $US250 per week which resets to zero every Friday. Amp is the token that makes Flexa’s instant payment authorisations possible. Think of Amp as crowdsourced collateral i.e. security to decentralise payment risk. As an Amp holder you can stake Amp tokens which will be used to guarantee payment transactions in different currencies.
Amp (AMP) is the 27th largest cryptocurrency in the world by market cap, valued at $4,022,818,026. The current price of Amp is $0.083744, which is 9.209% higher than yesterday. Prices have ranged between $0.094876 and $0.076445 over the past 24 hours. All prices are listed in US dollars and accurate as of June 20, 2021 10:06 UTC.
Where to buy AmpFind an exchange to buy, sell and trade AMP by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.
Amp at a glance
|Total AMP supply||99,219,803,434|
|All time high||US$0.120813|
|Token uses||Value transfer|
Amp price performance over time
How to sell Amp
You can cash out your AMP with the same exchange you bought it through:
- Sign in to the exchange you have AMP on.
If you store your Amp in a digital wallet, compare crypto exchanges to sell it on.
- Place a sell order.
Choose the amount of AMP you'd like to sell.
- Complete your transaction.
Confirm the sell price and fees and close your sale of Amp.
What to consider when buying cryptocurrencyBuying cryptocurrency can be a risky endeavor, but there are precautions you can take to help mitigate risk:
- 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.
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