How to buy Ion (ION) in Australia

Learn how to buy Ion (ION) easily by following a step-by-step guide and comparing 10+ crypto exchanges.

Ion
ION- USD
$1,385.65
+ $117.01 ( + 9.22%)

We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!

How to buy Ion

1. Compare crypto exchanges

The easiest way to buy Ion 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 – bank transfer, credit card, cryptocurrency and debit card payments are widely accepted.

4. Buy Ion

You can now exchange your funds for Ion. On easier-to-use exchanges, this is as easy as entering the amount you want to purchase and clicking buy. If you like you can now withdraw your Ion 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 Ion in Australia

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

1 - 1 of 1
Name Product Deposit methods Fiat Currencies Cryptocurrencies
Bittrex Global
2.3★★★★★(4)
Bittrex Global
Bank transfer, Credit card, Cryptocurrency, Debit card
USD

288
cryptocurrencies

Buy from one of the largest cryptocurrency exchanges with a selection of over 190+ cryptocurrencies and 3 USD pairings.
loading

Compare up to 4 providers

Steps on how to buy Ion

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

  1. Compare cryptocurrency exchanges that support ION.
    Cryptocurrency exchanges differ by fees, security and payment methods, so you'll need to research which is the right fit for you. As a beginner, you don't need a big range of features, and you can always change exchanges later.
  2. Create an account on an exchange.
    You can sign up for an account by selecting the Go to site button. This will take you to the account creation page, where you can fill in your details, starting with your name and email address..
  3. 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 Ion.
  4. Buy Ion.
    Complete your Ion purchase and then find the best wallet to store ION.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

What to consider when buying Ion

Altcoin investments can be extremely risky. That is why it is crucial to evaluate both the token and the associated protocol. Here are a few factors to consider before investing in ION:

  • Broad market: According to the project’s website, Ionomy seeks to compete within the finance, gaming, and international transfer industries. Aiming to thrive in two of cryptocurrency’s hottest sub-sectors - decentralised finance (DeFi) and GameFi - may prove difficult for Ionomy, which would need to capture market share from both.
  • Competition: The protocol’s broad market positioning implies that it needs to compete with various projects from multiple niches, including smart contract platforms like Ethereum and Binance Smart Chain, as well as remittance cryptocurrencies like Bitcoin and XRP.
  • Blockchain security: The protocol runs on the novel static PoS consensus model, which it claims to be superior to Bitcoin’s purely Proof-of-Work (PoW) and the pure Proof-of-Stake (PoS) mechanism. However, the network has a very low market cap compared to other blockchains, which could make it an easier target for 51% attacks.
  • No updates: The project’s social media pages have received no new posts since November 28, 2021, while its website has published no plans beyond Q2 2021. Be sure to check the relevant links for any updates on the project before investing.
  • Small ecosystem: Considering the network has been live since 2016, the adoption of the Ionomy network has been slow in comparison to competitors. There is currently only a handful of games and dApps built within the ecosystem, and several of those are still in development stages.

How to sell Ion

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

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

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

More guides on Finder

Get into cryptocurrency

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.
Go to site