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How to buy Kava Swap (SWP) in Australia

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

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Where to buy Kava Swap in Australia

Unfortunately, at this time no major exchanges in Australia 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.

What to consider when buying Kava Swap

Before any cryptocurrency purchase, it is always best practice to perform due diligence on both the token and the associated platform. Here we have outlined a few factors which investors should keep in mind before buying SWP:

  • Tokenomics. Upon the release of SWP tokens, there was a maximum supply of 250M tokens. A portion of this supply was aidropped to early adopters of the Kava DeFi ecosystem, with participants providing USDX to Kava’s HARD protocol receiving a ratable share of SWP.
  • Broader Kava ecosystem. Kava Swap is just one DeFi application that is part of the broader Kava ecosystem. If you are considering investing in SWP, it is worthwhile ensuring you’re across the various services and projects Kava has to offer. There are three other key applications that should be noted. The first is the primary Kava platform, which acts as a hub for a number of DeFi solutions. Then, there is the Kava Mint application, which allows investors to borrow USDX. Finally, there’s the Kava Lend protocol, which lets users both borrow and lend a range of assets on the Kava network. The fortunes of Kava Swap and its native SWP token will likely be partially informed by the Kava ecosystem’s performance and adoption as a whole.
  • Limited functionality. Investors should be aware that, while SWP tokens are used for governing the Kava Swap platform, they do not give voting rights for the other applications within the Kava ecosystem. Those wishing to participate in the other Kava applications will need to purchase KAVA (Kava Mint) or HARD (Kava Lend) tokens.

How to sell Kava Swap

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

  1. Sign in to the exchange you have SWP on.
    If you store your Kava Swap in a digital wallet, compare crypto exchanges to sell it on.
  2. Place a sell order.
    Choose the amount of SWP you'd like to sell.
  3. Complete your transaction.
    Confirm the sell price and fees and close your sale of Kava Swap.
  1. Sources: Morioh
  2. Data by CoinGecko

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

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