How to buy Ignis (IGNIS) in Australia

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

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How to buy Ignis

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

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

What is Ignis?

Ignis is the first child chain of the Ardor blockchain. The Ardor blockchain was launched in 2018 by a company called Jelurida. The blockchain aims to tackle some of the issues that other blockchains have faced regarding scalability, congestion and customisation. To facilitate these solutions Ardor was developed using a parent-and-child internal structure. The Ardor parent chain takes on processing transactions and maintaining security, while child chains, including Ignis, are used for the creation of decentralised applications (dApps). Ignis was the first proof of concept child chain of Ardor. Jelurida ultimately aims to provide Consensus-as-a-service to clients that wish to take advantage of the new Ardor and child-chain architecture.

Ignis boasts a proof-of-stake design which makes the blockchain highly scalable. It allows users to process all of the transaction types that Ardor has to offer while offering a host of other benefits. Ignis is the only child chain that allows users to issue assets, modify trading permissions, issue stateless lightweight contracts and shuffle coins.

IGNIS is the native crypto token of the platform. Its primary function is to facilitate all transactions that take place across the network. Alongside transactions, it is also used for various governance-related purposes such as voting on protocol upgrades and modifications.

Ignis (IGNIS) is the 866th largest cryptocurrency in the world by market cap, valued at $16,992,383. The current price of Ignis is $0.02226408, which is -0.000% lower than yesterday. Prices have ranged between $0.02258931 and $0.02180142 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 Ignis

Find an exchange to buy, sell and trade IGNIS by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.
Name Product Deposit methods Fiat Currencies Cryptocurrencies
Bittrex Global
Bank transfer, Credit card, Cryptocurrency, Debit card
USD

279
cryptocurrencies

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Ignis at a glance

Information last updated September 27, 2021 05:09 UTC.
Coin symbolIGNIS
Coin MarketcapUS$16,992,383
Total IGNIS supply1,000,000,000
Circulating IGNIS761,143,950
Current priceUS$0.02226408

Ignis price performance over time

Historical prices compared with the price of US$0.02226408.

1 hour -0.17%
24 hours -0.00%
7 days -0.37%
14 days -0.23%
30 days -15.08%
60 days -19.72%
200 days -16.52%
1 year 21.95%

How to sell Ignis

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

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

What to consider when buying Ignis

Cryptocurrency purchases should always be evaluated as digital assets can be extremely volatile. Here are some factors to consider before purchasing Ignis:
  • Ease of use: Owing to the fact that Ignis is a completely permissionless protocol, it can be used by anyone without any developmental restrictions. Since the platform is compatible with all of Ardor’s native functionality modules, it is able to support the latest contracts and main-net features.
  • Distribution: The maximum supply of IGNIS coins was capped at just less than 1 billion. 440 million were sold during an initial coin offering. 500 million were airdropped to holders of a predecessor coin, Nxt. The remaining 60 million have been kept by Jelurida.
  • High security: Using IGNIS it is possible to add another layer of security to an Ardor account. According to the official project whitepaper, Ignis allows users to establish an “approval account” that monitors all outgoing transactions — much like a decentralised 2FA system.
  • Asset issuance: Ignis offers users the ability to mint new digital tokens, which can be completed within minutes. All a user has to do is set the number of tokens to be minted and define the intrinsic monetary properties. This could be attractive for new projects wishing to establish themselves on the blockchain.

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

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