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How to buy BOTXCOIN (BOTX) in Australia

Learn how to buy BOTXCOIN (BOTX) in our step-by-step guide.

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Where to buy BOTXCOIN in Australia

It looks like BOTX may not be available to purchase on an exchange in Australia.

You can still purchase BOTX by using a decentralised exchange (DEX) instead. Decentralised exchanges are web applications that run on blockchains like Ethereum and allow users to trade any asset directly with one another.

Decentralised exchanges (DEX) are unregulated and run using autonomous pieces of code known as smart contracts. To use a DEX you must interact with the blockchain directly, which is not recommended for novice users. Please learn about decentralised exchanges first if you're unfamiliar.

How to purchase BOTX using a decentralised exchange.
  1. Find BOTX on a decentralised exchange and make sure BOTXCOIN can be traded for ETH which is the native asset of Ethereum. Popular DEXs include Uniswap, SushiSwap and 1INCH.
  2. Buy ETH to trade for BOTX using an exchange like Binance. You will need to purchase enough ETH to swap for BOTX as well as ETH to pay for transaction fees on the Ethereum network (known as gas). You can use a service like Etherscan to get an idea of how much gas fees currently cost.
  3. Transfer the ETH into a web 3.0 wallet like MetaMask to connect to the DEX.
  4. Trade ETH for BOTX on the DEX of your choice, following the instructions on screen. Make sure to leave enough ETH in your wallet to pay for gas.
  5. Wait for the transaction to finalise and the BOTX tokens will arrive in your wallet.
  6. You may now keep the tokens in your web 3.0 wallet or transfer them somewhere more secure like a hardware wallet.

You can follow the same process when you want to sell your tokens, or come back to this page to see if they can now be traded on an exchange in Australia.

Best BOTXCOIN wallets to store your BOTX

You can keep your BOTX on the exchange you purchased it on, or move it to a personal wallet:

  • Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
  • Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can learn more about wallets and compare them with our comprehensive guide.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Is BOTXCOIN a good investment?

All cryptocurrency investments need to be thoroughly evaluated. Both the potential downside and upside should be considered. If you are interested in trading BotXcoin, here are a few things to look out for:
  • Competition: BotXcoin is not the only project looking to make crypto trading easier and accessible to traders. The project will need to compete directly with eToro, a trading platform that pioneered crypto copy trading services. eToro is also considered the world’s leading social trading platform and currently boasts millions of users, operating in more than 140 countries. Other competitors include PrimeXBT, Tradelize and Coinmatics.
  • Future plans: Currently, BotXcoin operates on the Ethereum blockchain. However, due to the issues plaguing the network, there are plans to develop a semi-centralised hybrid on-chain and off-chain transaction service for BotXcoin. This will help improve user experience on the BotXcoin platform, avoid network fees when transacting between users, and avoid large transaction volumes.
  • Centralised: BotXcoin’s semi-centralised on-chain and off-chain solution will need a trusted third party to work, defeating the benefits of a decentralised system. According to BotXcoin’s whitepaper, the platform will later move to a fully decentralised network.
  • Token distribution: The total number of BOTX tokens is 500 billion, but there is currently no maximum supply in place. The distribution of tokens with the BotXcoin ecosystem follows: 10.5% for public sale, 30.3% for treasury, 17.3% for product development, 15.3% for the team and advisors, 10$ for marketing and operations, and 16.6% for liquidity provision.

Additional information about BOTXCOIN can be found using our BOTX analysis tools.

Today's BOTXCOIN price versus ATH

Compare today's price of BOTXCOIN ($0.02140416 USD) against its all-time-high price of $2019-03-28T00:00:00.000Z USD on 01 January 1970. The closer the bar is to 100%, the closer BOTX is to reaching its ATH again.

BOTXCOIN's price: $0.02140416 USD
ATH date: March 28, 2019


How to trade, convert or sell BOTXCOIN

You can convert or sell your BOTX with the same exchange you bought it through:
  1. Sign in to the exchange you have BOTX on.
  2. If you store your BOTXCOIN in a digital wallet, compare crypto exchanges to convert or sell it on.
  3. Choose Sell or Convert and place a sell order.
  4. Choose the amount of BOTX you'd like to convert or sell.
  5. Confirm the sell price and fees and close your sale of BOTXCOIN.
  6. Complete your transaction and move your BOTX to a wallet for storage.

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

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