How to buy Arweave (AR) in Australia

A beginner's guide to buying and selling AR in Australia.

Arweave
AR- USD
STORAGE
$11.20
-$0.44 (-3.80%)

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How to buy Arweave

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

  1. Open an account on an exchange that supports AR.
    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.
  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 Arweave.
  3. Buy Arweave.
    Complete your Arweave purchase and then find the best wallet to store AR.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

What is Arweave?

The Arweave project is an innovative entrant into the cryptocurrency market with a focus on making data storage permanent. According to Arweave’s blog, it aims to develop a collectively owned hard drive that never forgets. This is facilitated by a new type of blockchain-comparable system called the “blockweave”. Unlike traditional blockchains where each block is linked to the one prior in chronological order, each block in the blockweave is linked to the block immediately prior and a random previous one. The blockweave then implements a proof-of-access mechanism. This combination allows for far greater data storage on the network and helps Arweave to deliver its end goal – the “permaweb”. The permaweb is a decentralised, unchangeable and permanent Internet that can be browsed through and contributed to indefinitely. The platform is intended to counteract the issues of censorship, security and impermanence that plague the Internet of Things. AR is the native token to the Arweave ecosystem. The tokens are used to interact and store files on the permaweb as well as incentivise miners to contribute data to the blockweave.

Arweave (AR) is the 128th largest cryptocurrency in the world by market cap, valued at $484,835,177. The current price of Arweave is $11.06, which is -0.157% lower than yesterday. Prices have ranged between $11.98 and $10.86 over the past 24 hours. All prices are listed in US dollars and accurate as of August 05, 2021 12:08 UTC.

Where to buy Arweave

Find an exchange to buy, sell and trade AR by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.
Name Product Deposit methods Fiat currencies Cryptocurrencies
Digital Surge Cryptocurrency Exchange
Bank transfer, Cryptocurrency, POLi, Osko, PayID
AUD

271
cryptocurrencies

Finder Exclusive: New members get $10 bonus after verification. T&Cs apply.
An Australian based exchange with a focus on simplicity that allows users to purchase a range of cryptocurrencies with AUD.
Crypto.com App
Credit card, Cryptocurrency, PayPal, TransferWise, SEPA
USD, AUD, CAD, CHF, EUR, GBP, NZD, SGD, JPY, ZAR & 9+ more

145
cryptocurrencies

Get 0% fees on credit/debit card purchases for 30 days after signup.
Buy 80+ cryptocurrencies, earn up to 8% on holdings, pay with your crypto for cashback at stores, get loans and more with this complete crypto-finance platform.
Bittrex Global
Bank transfer, Credit card, Cryptocurrency, Debit card
USD

273
cryptocurrencies

Buy from one of the largest cryptocurrency exchanges with a selection of over 190+ cryptocurrencies and 3 USD pairings.
Gate.io Cryptocurrency Exchange
Cryptocurrency
USD, EUR, GBP, HKD, SGD, AUD, CHF, MXN

267
cryptocurrencies

Finder exclusive: New users get $90 worth of Gate.IO points and an airdrop of $5 in GateTokens if trade volume exceeds $100 in their first week. T&Cs apply.
A feature-rich exchange with over 700 tokens including derivatives, yield farming and lending products.
Huobi Cryptocurrency Exchange
AdvCash, Cryptocurrency, SWIFT, Wire transfer
GBP, USD, AUD, EUR, INR, BRL, KHR, CAD,CNY, NZD & 15+ more

219
cryptocurrencies

Huobi is a digital currency exchange that allows its users to trade more than 190 cryptocurrency pairs.
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Arweave at a glance

Information last updated August 05, 2021 12:08 UTC.
Coin symbolAR
Total AR supply66,000,000
Circulating AR43,825,615
Current priceUS$11.06

Arweave price performance over time

Historical prices compared with the price of US$11.06.

1 hour -1.40%
24 hours -0.16%
7 days 1.00%
14 days -1.40%
30 days -1.49%
60 days 33.67%
200 days 3.77%
1 year -28.13%

How to sell Arweave

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

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

What to consider when buying Arweave

As with any investment, there are a number of factors to consider before buying a digital asset. For Arweave, here are a few things to consider.
  • Scalability. Scalability is an issue faced by many blockchains such as Bitcoin. Several new protocols are looking to address this issue in their architecture. With a protocol that intends to host the entire web, permanently, the issue of scalability becomes even more prominent. While certain web pages (Wikipedia, legal documents) can be saved, messenger conversations or random Facebook statuses provide a more taxing problem. Arweave’s unique blockweave is one solution to this, but how the project continues to innovate will be important for future development.
  • Competition. Arweave is often compared to a network called Filecoin, which launched a few years earlier. The two projects have different fundamental use-cases; Arweave aims to tackle permanent file storage, whereas Filecoin is focused on expanding file storage. However, as the two projects exist in the same sphere, it may result in a loss of market share for Arweave. There are also future data storage projects, such as Storj, that will act as further competition for the protocol.
  • Dapp integration. A significant feature of the permaweb is its interaction with dapps. As of June 2021, there are 397 dapps using the network. Greater adoption should influence the price of the native AR token.

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

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