How to buy Internet Computer (ICP) in Australia

Learn how to buy Internet Computer (ICP) easily by following a step-by-step guide and compare 10+ crypto exchanges.

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How to buy Internet Computer

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

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

What is Internet Computer?

The Internet Computer is a decentralized open network aimed at reversing the monopoly that Big Tech companies, such as Google or Facebook, have over the traditional lnternet. It is run by the decentralized protocol ICP (Internet Computer Protocol). According to ICP documentation, the protocol intends to help developers build directly onto the Internet with the help of autonomous software. Developers can build websites, enterprise IT systems, Internet services and decentralized finance (DeFi) applications. The ultimate goal of Dfinity, creator of the Internet Computer, is to de-privatize the Internet, remove the reliance on centralized servers or commercial cloud solutions, and simplify the infrastructure that runs applications. Internet Computer uses a blockchain called Chain Key Technology (CKT). Unlike other blockchains, CKT does not use older blocks in the chain and therefore operates at a much more efficient web-like speed. ICP is the utility token of the Internet Computer Protocol that allows the community to participate in the governance of the network. The coin can also be staked and "converted into cycles" which are used to run websites, decentralized applications and more traditional, centralized programs.

Internet Computer (ICP) is the 35th largest cryptocurrency in the world by market cap, valued at $5,688,761,445. The current price of Internet Computer is $30.71, which is 7.944% higher than yesterday. Prices have ranged between $31.16 and $27.84 over the past 24 hours. All prices are listed in US dollars and accurate as of December 07, 2021 12:12 UTC.

Where to buy Internet Computer

Find an exchange to buy, sell and trade ICP 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
Swyftx Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, Osko, PayID
AUD, NZD

293
cryptocurrencies

Finder Exclusive: Receive $10 BTC on Sign up and Verification.
Buy and sell a wide range of cryptocurrencies at competitive rates on this Australian exchange.
Digital Surge Cryptocurrency Exchange
Bank transfer, Cryptocurrency, POLi, Osko, PayID
AUD

276
cryptocurrencies

Finder Exclusive: New members get $10 bonus after verification. T&Cs apply.
An Australian based exchange with a focus on simplicity that allows users to purchase a range of cryptocurrencies with AUD.
CoinSpot Cryptocurrency Exchange
Bank transfer, BPAY, Cash, Cryptocurrency, POLi, PayID
AUD

310
cryptocurrencies

CoinSpot is an Australian exchange that lets you easily buy, sell and trade more than 290 cryptos.
Coinstash Cryptocurrency Exchange
Bank transfer, Cryptocurrency, PayID
AUD

123
cryptocurrencies

Buy 120+ different cryptocurrencies using AUD with competitive trading fees in the Australian market.
Cointree Cryptocurrency Exchange
Cash, Cryptocurrency, POLi, PayID, Online banking
AUD

172
cryptocurrencies

Finder Exclusive: New members get $10 bonus after first trade. T&Cs apply.
Buy 170+ cryptocurrencies with fast-growth portfolio insights, and the ability to swap any coin to any other instantly.
Gate.io Cryptocurrency Exchange
Cryptocurrency
USD, EUR, GBP, HKD, SGD, AUD, CHF, MXN

879
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.
KuCoin Cryptocurrency Exchange
Cryptocurrency, PayPal, Wire transfer, Credit or Debit Card, SEPA
USD, EUR, GBP, RUB, CNY, AUD, KRW, JPY, TRY, VND & 40+ more

458
cryptocurrencies

Finder exclusive: Sign up and use code 1xf56 for one month of VIP 1 benefits. Deposit\/transfer more than 0.1 BTC to KuCoin within 7 days of registration for 1 month of VIP 2 benefits. T&Cs apply.
Browse a variety of coin offerings in one of the largest multi-cryptocurrency exchanges and pay in cryptocurrency.
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Is it a good time to buy Internet Computer?

The technical analysis gauge for Internet Computer displays real-time ratings for the timeframes you select. This is not a recommendation to buy, sell or trade. It represents a technical analysis of Internet Computer based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators based on the performance of Internet Computer: moving averages, oscillators and pivots. Finder is not responsible for how ICP performs.


Internet Computer at a glance

Information last updated December 07, 2021 12:12 UTC.
Coin symbol ICP
Coin Marketcap US$5,688,761,445
Total ICP supply 469,213,710
Circulating ICP 183,710,554
Current price US$30.71
All time high US$700.65
Notable team members Dominic Williams
Industry Internet
Token uses Utility token, governance
Network Internet Computer

Internet Computer price performance over time

Historical prices compared with the price of US$30.71.

1 hour -0.40%
24 hours 7.94%
7 days -26.91%
14 days -26.28%
30 days -38.10%
60 days -39.88%
200 days -81.37%
1 year N/A

How to sell Internet Computer

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

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

What to consider when buying Internet Computer

Every cryptocurrency purchase carries associated risks which should be evaluated thoroughly. Some key considerations to weigh up before adding Internet Computer to your portfolio include:
  • Use case. ICP coins are intended to be locked within the Internet Computer network. By locking tokens it creates "neurons" that allow users to vote on protocol and governance proposals. This is similar to other blockchain-based networks. However, ICP tokens are also used in cycle production. These cycles are the power behind the Internet Computer’s network and facilitate computation of web services.
  • Development. Internet Computer’s goal is incredibly ambitious. Rebuilding the Internet from the ground up using a blockchain network as the foundation is not an easy task. When complete, anyone will be able to contribute to the Internet Computer. This could be via web pages, building applications or providing services. This begs the question: Is the project too ambitious? The sector is already crowded, with blockchains like Ethereum and Cosmos issuing similar goals. The market share for Internet Computer could be severely diluted. While Internet Computer is off to a good start, tracking the platform’s development will be important.
  • Decentralisation. While Internet Computer’s protocol aims to address 2 of the biggest issues facing blockchain networks — scalability and security — it lacks the fundamental decentralised nature that many blockchains strive for. As of May 2021, the majority of the voting power is owned by venture investors and developers. Only 2% of all ICP tokens are available for retail. ICP developers will need to address governance proposals going forward to gain public confidence in their ambitious project.

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


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