How to buy Ampleforth (AMPL) in Australia

Learn how to buy Ampleforth (AMPL) easily by following a step-by-step guide and compare 10+ crypto exchanges.

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How to buy Ampleforth

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

  1. Open an account on an exchange that supports AMPL.
    Jump to our instructions to learn how to bridge — just remember that using a DEX can be complicated and may be more risky than using a CEX.
  2. 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 Ampleforth.
  3. Buy Ampleforth.
    Complete your Ampleforth purchase and then find the best wallet to store AMPL.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

What is Ampleforth?

Ampleforth is a digital-asset protocol that makes use of unique token distribution and production design such that it adjusts the value of its native AMPL cryptocurrency as per its market demand at any given point. So for example, when there is more consumer demand for AMPL, the system automatically starts to increase the overall supply of the token and vice versa. And while on paper, AMPL seems to serve the exact same function as various stablecoins much like USDT, USDC — since it always maintains its value in relation to the American dollar — it bears mentioning that the token is not backed by any fiat asset nor is its value supported by a crypto-pegged currency such as MakerDAO’s DAI stablecoin. Ampleforth was listed on the AAVE's lending platform in late July, 2021, leading to a large jump in the price of the token.

Ampleforth (AMPL) is the 232nd largest cryptocurrency in the world by market cap, valued at $375,155,512. The current price of Ampleforth is $1.27, which is -3.400% lower than yesterday. Prices have ranged between $1.32 and $1.23 over the past 24 hours. All prices are listed in US dollars and accurate as of December 02, 2021 10:12 UTC.

Where to buy Ampleforth

To buy AMPL you may need to use a decentralised exchange (DEX). Decentralised exchanges run on blockchains like Binance Smart Chain and allow users to trade directly with one another without the need for a middleman.

Decentralised exchanges are unregulated and run on autonomous pieces of code known as dApps. To use a dApp you interact with the blockchain directly, which is not recommended for novice users. Please learn about decentralised exchanges first if you're unfamiliar.

  1. Find AMPL on a decentralised exchange and make sure Ampleforth can be traded for Binance Coin (BNB), which is the native asset of the Binance Smart Chain (BSC). Popular DEXs on BSC include:
  2. Buy a coin that can be traded for AMPL on a centraalised exchange.
  3. Transfer the coin you want to trade for AMPL into a personal wallet and connect to a DEX using MetaMask to place your trade.

Is it a good time to buy Ampleforth?

The technical analysis gauge for Ampleforth displays real-time ratings for the timeframes you select. This is not a recommendation to buy, sell or trade. It represents a technical analysis of Ampleforth based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators based on the performance of Ampleforth: moving averages, oscillators and pivots. Finder is not responsible for how AMPL performs.

Ampleforth at a glance

Information last updated December 02, 2021 10:12 UTC.
Coin symbol AMPL
Coin Marketcap US$375,155,512
Total AMPL supply 303,702,163
Circulating AMPL 294,408,140
Current price US$1.27
All time high US$4.07
Notable team members Evan Kuo, Brandon Iles
Partnerships NEAR, Polkadot, TRON, Compound Finance, Chainlink
Industry Stablecoins
Token uses Cryptocurrency
Network Ethereum

Ampleforth price performance over time

Historical prices compared with the price of US$1.27.

1 hour -0.08%
24 hours -3.40%
7 days 19.59%
14 days 50.58%
30 days -31.70%
60 days 7.81%
200 days 41.11%
1 year -19.91%

How to sell Ampleforth

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

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

What to consider when buying Ampleforth

Below are the aspects you should consider before investing in AMPL:
  • Interesting monetary proposition: The token dynamics employed by Ampleforth are unique. The protocol seeks to combine the scarcity aspect of Bitcoin while allowing it to enjoy the elasticity (i.e. inflationary) benefits presented by fiat currency.
  • Financial incentives: The platform provides network participants with lucrative incentives for helping the network reach a state of economic equilibrium. Alternatively, one could also say that the network hinges on the activities of profit-seeking traders to restore equilibrium on the demand side once supply ratios are altered.
  • Unique design: After the gold standard was abolished in the 1940s, fiat currencies did not have their values pegged to any physical commodity, essentially allowing governments all over the world to inflate their money supply streams as they see fit, instead of expanding and contracting the total output as per market demand.
  • Ampleforth borrows from the concept of a flexible monetary supply, combining it with the deflationary model used by many cryptocurrencies today (a la Bitcoin), effectively eliminating any sort of centralized control over its total token pool.
  • Experimental: Though quite exciting, Ampleforth is still quite experimental in its design since it makes use of an operational structure that has not been tested under rigorous market conditions. This is best highlighted by the fact that since its inception, the currency’s total market capitalization has never crossed the $10 million threshold.

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

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