How to buy Beldex (BDX) in Australia

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

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Where to buy Beldex in Australia

Unfortunately, at this time no major exchanges in Australia offer this coin. However, you may be able to purchase it with another cryptocurrency, just be sure you're following all legal restrictions and requirements.

Consider buying a different cryptocurrency after comparing popular exchanges.

What to consider when buying Beldex

Due to the high levels of volatility, all altcoin investments should be thoroughly researched. This includes evaluating both the token and the associated platform. Here are a few factors to consider before investing in BDX:

  • Running a masternode:For those wishing to run a Beldex masternode within the network you will need 10,000 BEL coins within a single Beldex address. Once a user has the desired amount of coins they can connect to the Beldex blockchain, start validating transactions and begin earning BDX coins. The current block reward for masternode operators is 2 BDX coins per block.
  • Cross-chain anonymity: The Beldex ecosystem has worked towards cross-chain interoperability while keeping privacy intact. People can continue using BDX on other blockchains while transactions remain anonymous. This is achieved through the Beldex Bridge which swaps BDX tokens for wBDX. So far, the bridge has integrated the Binance Smart Chain blockchain. An Ethereum and Polkadot bridge is expected in the future.
  • PoW to PoS: The Beldex blockchain is currently moving from a Proof-of-Work consensus mechanism to a Proof-of-Stake mechanism. While this may improve internal architecture and speed in the long run, the upgrade may slow development in the near term.
  • Coin burning mechanism: The coin burning mechanism for BDX involves Flash transactions which are transactions completed within Beldex’s second blockchain layer (similar to Bitcoin’s Lightning Network). These transactions can be completed in seconds rather than tens of minutes. Fees for using Flash are higher. All Flash transaction fees are burned.

How to sell Beldex

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

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

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

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