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How to buy Bytom (BTM) in Australia

Learn how to buy Bytom (BTM) on 10+ crypto exchanges in our step-by-step guide.

Bytom
BTM- USD
$0.01
+ $0.0033 ( + 30.41%)
SMART-CONTRACTS

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You can buy Bytom (BTM) on a cryptocurrency exchange like Gate.io. These specialised marketplaces that allow you to buy and sell cryptocurrencies, and work similar to stock trading platforms. Bytom is a Chinese blockchain project that is developing a protocol to combine multiple assets into one blockchain solution. Here's how to buy Bytom.

How to buy Bytom in 4 easy steps

The whole process can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment.

  1. Compare crypto exchanges
    The easiest way to buy Bytom 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 – cryptocurrency, bank transfer, ideal and PayPal payments are widely accepted.
  4. Buy Bytom
    You can now exchange your funds for Bytom. On easier-to-use exchanges, this is as simple as entering the amount you want to purchase and clicking buy. If you like, you can now withdraw your Bytom 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 Bytom in Australia

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

1 - 5 of 6
Name Product Deposit methods Fiat Currencies Cryptocurrencies
Gate.io Cryptocurrency Exchange
Cryptocurrency
USD, EUR, GBP, HKD, SGD, AUD, CHF, MXN

1093
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.
OKX Cryptocurrency Exchange
Bank transfer, Cryptocurrency, iDEAL, PayPal, POLi, SEPA, Faster Payments (FPS)
USD, CNY, EUR, ARS, AUD, BGN, BRL, CAD, CHF, COP & 20+ more

310
cryptocurrencies

Earn US$10 in BTC when you refer a friend and they purchase $100 of cryptocurrency. T&Cs apply.
Listing over 300 cryptocurrencies, OKX offers its users a variety of payment methods and coins to choose from.
Paybis Cryptocurrency Exchange
Paybis Cryptocurrency Exchange
Bank transfer, Cryptocurrency, Neteller, Skrill, Credit or Debit Card
EUR, GBP, USD, AUD, CAD, PHP, SGD, CHF, HKD, JPY & 30+ more

404
cryptocurrencies

Buy Bitcoin and other popular cryptocurrencies with credit card or debit card on this digital cryptocurrency exchange.

US residents: Restricted in the following states - NY, CT, NM, WA, HI, AL, VT, FL, AK, NV.
Bittrex Global
Bittrex Global
Bank transfer, Credit card, Cryptocurrency, Debit card
USD, EUR

295
cryptocurrencies

Buy from one of the largest cryptocurrency exchanges with a selection of over 190+ cryptocurrencies and 3 USD pairings.
Huobi Cryptocurrency Exchange
AdvCash, Cryptocurrency, Wire transfer, SWIFT
GBP, USD, AUD, EUR, INR, BRL, KHR, CAD,CNY, NZD & 15+ more

365
cryptocurrencies

Huobi is a digital currency exchange that allows its users to trade more than 190 cryptocurrency pairs.
Disclaimer: Star ratings are only displayed for products with 10 or more reviews.
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Compare up to 4 providers

How do I find the best places to buy Bytom?

Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods. You can use our table to compare the features of popular cryptocurrency exchanges available in Australia to help you choose the one that's right for you.

Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review page.

What will I need to buy Bytom?

To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it's a good idea to have those ready.

An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading Bytom.

  • This process is known as Know Your Customer (KYC) and usually requires photo ID and a webcam or smartphone. You may also need to prove your address by uploading a copy of a recent bank statement or utility bill.
  • Some exchanges allow you to deposit and trade cryptocurrencies without passing KYC, but they will not allow you to transfer local currency from your bank account. So if you are planning on purchasing BTM with your local currency then you will need to pass KYC.
  • Once you have verified your identity, it is a good idea to enable 2-factor authentication (2FA) before depositing any funds. This will increase the security of your account and help keep your funds safe.

Where can I buy Bytom with a credit or debit card?

Once you've created an account, you will need to deposit funds to buy BTM with. You can either deposit local currency from a bank account or credit card, or transfer cryptocurrency from another exchange or wallet. Here are popular deposit methods to buy BTM on the following exchanges:

Exchange
Bank deposit
Card deposit
Crypto deposit
Buy BTM
Go to Gate.io Cryptocurrency Exchange
Go to OKX Cryptocurrency Exchange
Go to Paybis Cryptocurrency Exchange
  • Bank account: Transfers from local bank accounts are usually free, but you will need to double-check this with the exchange you choose – this information can be found in our table by clicking on 'view details'.
  • Credit or debit card: Linking a card to your account is another convenient way to top up your account, but be aware that it usually attracts an additional fee. An advantage, though, is that you can use a card to make instant purchases or set up a recurring purchase.
  • Cryptocurrency: You can usually purchase BTM by trading it for another cryptocurrency like Bitcoin or a stablecoin. This varies between exchanges though, so you will need to search for BTM on the spot market to see what cryptocurrencies it can be traded for.

What is the easiest way to buy Bytom?

The easiest way to buy BTM is by placing an 'instant buy' order to purchase it for a fixed price but not all crypto exchanges offer this feature.

Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more expensive than using the spot market.

Before buying BTM, you may want to check the market conditions. To help you decide if now is the right time to buy, you can take a look at our Analysis tools to get an idea of how the price of Bytom has been performing recently.

Best Bytom wallets to store your BTM

You can keep your BTM 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 Bytom a good investment?

Cryptocurrencies are not only highly volatile, they’re also quite complicated. There are myriad factors that can influence the price movements of different digital coins and tokens, so it’s essential that you do your own research before deciding whether or not you should buy.

If you’re thinking of purchasing any BTM, remember to consider the following factors:

  • Use-case: As the native asset of the Bytom blockchain, Bytom Coins represent both right of ownership of the Bytom platform and the right to use it. BTM can be used to pay transaction fees for asset trading, pay dividends of income assets and as deposits for asset issuance. The maximum supply is capped at 2.1 billion tokens.
  • Partnerships: As the space for independent blockchains becomes more competitive, the necessity for major partnerships is extremely important. Adoption, use-case and development of blockchains can all be highly influenced by inking a major deal. For example, Bytom’s 2021 partnership with Moonstake was a major factor in Bytom moving to a Proof-of-Stake consensus mechanism.
  • Development team: Bytom is led by Chang Jia, the founder of Chinese crypto news site 8btc, and former OKCoin president Duan Xinxing.
  • Bytom 2.0: The Bytom team upgraded from a proof-of-work to proof-of-stake model in order to enhance economic security and become more entrenched in the DeFi ecosystem. They outlined the transition by updating their whitepaper, which can be accessed on their website.

Additional information about Bytom can be found using our BTM analysis tools.

Today's Bytom price versus ATH

Compare today's price of Bytom ($0.01072295 USD) against its all-time-high price of $2022-05-12T07:26:26.794Z USD on 01 January 1970. The closer the bar is to 100%, the closer BTM is to reaching its ATH again.

Bytom's price: $0.01072295 USD
ATH date: May 12, 2022
0.92%

Bytom ATH: $1.16 USD


How to trade, convert or sell Bytom

You can convert or sell your BTM with the same exchange you bought it through:
  1. Sign in to the exchange you have BTM on.
  2. If you store your Bytom 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 BTM you'd like to convert or sell.
  5. Confirm the sell price and fees and close your sale of Bytom.
  6. Complete your transaction and move your BTM to a wallet for storage.

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

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