How to buy Elitium (EUM) in Australia

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

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How to buy Elitium

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

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

What is Elitium?

Elitium is a FinTech company and blockchain-based service built in 2017 that focuses on bringing high-end products into the world of cryptocurrency. Elitium allows its customers to browse and purchase goods and services from a number of compatible apps using its native token, EUM. They even offer a crypto debit card that is compatible with over 46 million luxury stores. The Elitium network aims to revolutionise the luxury purchasing industry by completely abolishing most transactional fees and offering cashbacks (up to 1%) and staking solutions for token-holders. As with many other cryptocurrencies, the control of funds is left entirely with the consumer – no third-party is able to access EUM tokens, unlike the way a bank can access their accounts. Elitium has also expanded their services to include crypto-based investments, including gold tokens (backed by the physical asset), NFTs and other decentralised finance functions. EUM is the ERC-20 token native to the Elitium network and has a number of economic use cases on the platform. EUM can be spent in any store that accepts Visa.

Elitium (EUM) is in the top 1,000 cryptocurrencies in the world by market cap. The current price of Elitium is $3.59, which is 6.000% higher than yesterday. Prices have ranged between $3.61 and $3.26 over the past 24 hours. All prices are listed in US dollars and accurate as of September 27, 2021 05:09 UTC.

Where to buy

Unfortunately, at this time no major exchanges 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.

Elitium at a glance

Information last updated September 27, 2021 05:09 UTC.
Coin symbolEUM
Coin MarketcapN/A
Total EUM supply332,200,000
Current priceUS$3.59
All time highUS$6.21

Elitium price performance over time

Historical prices compared with the price of US$3.59.

1 hour 0.88%
24 hours 6.00%
7 days -2.80%
14 days -4.05%
30 days -5.96%
60 days 4.17%
200 days -36.44%
1 year 279.65%

How to sell Elitium

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

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

What to consider when buying Elitium

When you are deciding whether or not to invest in EUM, it’s worth considering a few things:
  • Competition. Elitium is not only in competition with many other cryptocurrencies (Bitcoin Cash, for example), but fiat currency in general. While the ability to use EUM at Visa-accepted stores is a great point of difference, it still lacks the exposure and market share of its competitors. The adoption of its niche for "luxury service" will play a major role in the eventual viability of EUM as an investment.
  • Development. Elitium has demonstrated a great willingness to adapt and expand its services, adding in NFTs, the ability to invest in gold, and a number of staking rewards. This is encouraging, considering the platform was originally designed for renting luxury yachts. Continued strategic evolution will be vital for Elitium to succeed in a saturated industry.
  • Security. Given Elitium’s desire to provide luxury services, many users will have significant capital invested in the platform. Elitium claims security is its "number one priority", and has a constant team testing any potential issues. Furthermore, Elitium is backed by a number of smart contract insurers, and funds are primarily held in "state-of-the-art" cold wallet infrastructure.

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

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