How to buy Boba Network (BOBA) in Australia

Learn how to buy Boba Network (BOBA) 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 Boba Network

1. Compare crypto exchanges

The easiest way to buy Boba Network 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 – credit card, wire transfer, silvergate exchange network (sen) and signature signet payments are widely accepted.

4. Buy Boba Network

You can now exchange your funds for Boba Network. 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 Boba Network 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 Boba Network in Australia

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

1 - 5 of 5
Name Product Deposit methods Fiat Currencies Cryptocurrencies
FTX Cryptocurrency Exchange
Credit card, Wire transfer, Silvergate Exchange Network (SEN), Signature SIGNET
USD,EUR,GBP,AUD,HKD,SGD,TRY,ZAR,CAD,CHF,BRL

262
cryptocurrencies

Sign up through Finder for a 5% discount on all trading fees. T&Cs apply.
FTX is an exchange built by traders for traders, with a range of derivatives markets such as options and futures with deep leverage, in addition to standard spot markets. Note: Not available for US customers.
Crypto.com App
Credit card, Cryptocurrency, PayPal, TransferWise, SEPA
USD, AUD, CAD, CHF, EUR, GBP, NZD, SGD, JPY, ZAR & 9+ more

255
cryptocurrencies

Buy 240+ cryptocurrencies, earn up to 14.5% p.a. on holdings, pay with your crypto for cashback at stores, get loans and more with this complete crypto-finance platform.
Bybit Cryptocurrency Exchange
★★★★★(0)
Bybit Cryptocurrency Exchange
Cryptocurrency, Simplex, Banxa, XanPool, MoonPay, Mercuryo, E-check, Legend Trading, Capitual
USD, AUD, CAD, EUR, GBP, NZD, HKD, JPY, SGD, PHP and more

185
cryptocurrencies

Disclaimer: Highly volatile investment product. Your capital is at risk.
Buy, sell, trade and earn hundreds of cryptos on this full-featured global trading platform.
Bithumb Cryptocurrency Exchange
★★★★★(0)
Bithumb Cryptocurrency Exchange
Cryptocurrency
KRW

198
cryptocurrencies

A global platform where users can make KRW and cryptocurrency deposits to purchase up to 15 popular cryptocurrencies.
Huobi Cryptocurrency Exchange
1.0★★★★★(2)
Huobi Cryptocurrency Exchange
AdvCash, Cryptocurrency, Wire transfer, SWIFT
GBP, USD, AUD, EUR, INR, BRL, KHR, CAD,CNY, NZD & 15+ more

330
cryptocurrencies

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

Compare up to 4 providers

Steps on how to buy Boba Network

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

  1. Compare cryptocurrency exchanges that support BOBA.
    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 Boba Network.
  4. Buy Boba Network.
    Complete your Boba Network purchase and then find the best wallet to store BOBA.
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 Boba Network

The BOBA coin is an integral part of the Boba Network. However, like all altcoin investments, both the token and the associated protocol should be thoroughly researched. Here are a few points to consider before placing funds into BOBA:

  • Fast-growing ecosystem: While the Boba ecosystem is relatively new, there are already several applications being developed on top of the network. These include the Uma Protocol, OolongSwap, Boba Punks and ApeBoard. An increased number of dapps and NFT projects may place an increased demand on BOBA tokens.
  • Staking: The BOBA token can be staked to earn a passive income within the Boba Network. A share of all transaction fees collected is shared among BOBA stakers. When staking BOBA, you will receive xBOBA in return. xBOBA serves as a substitute governance token and is used to participate in governance matters.
  • L1 to L2 bridge: The protocol’s swap-based mechanism allows digital assets to be moved from layer-1 Ethereum to the layer-2 Boba Network seamlessly. In addition, the network’s fast-exit solution enables users to move assets from layer-2 to layer-1 in a few minutes, which solves one of the major pain points of using optimistic rollup bridges. The ease of onboarding and exiting may encourage both users and developers to adopt the protocol, which could place increased demand on the BOBA coin.
  • Yield farming: The network’s fast-exit solution is backed by a community-based liquidity pool, which offers yield farmers an opportunity to earn BOBA from fees while reducing the exit period for other users.
  • Competition: The protocol directly competes with 3 of the leading projects building an optimistic rollup-based scaling solution: Polygon, Arbitrum and Optimism. Furthermore, the existence of other L2 solutions like ZK-rollups and Plasma may also make it harder for the Boba Network to capture market share.
  • Security: The protocol’s documentation indicates that the network is “just as safe” as the Ethereum mainnet since it leverages the same security model and protects the system via “fraud proofs.” The project has also been audited by CertiK.

How to sell Boba Network

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

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

Disclaimer: Cryptocurrencies, including Boba Network, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of BOBA 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 Boba Network 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