How to buy Klima DAO (KLIMA) in Australia

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

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Where to buy Klima DAO 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.

It looks like KLIMA may not be available to purchase on an exchange in Australia.

You can still purchase KLIMA by using a decentralised exchange (DEX) instead. decentralised exchanges are web applications that run on blockchains like Polygon and allow users to trade any asset directly with one another.

Decentralised exchanges (DEX) are unregulated and run using autonomous pieces of code known as smart contracts. To use a DEX you must interact with the blockchain directly, which is not recommended for novice users. Please learn about decentralised exchanges first if you're unfamiliar.

How to purchase KLIMA using a decentralised exchange.
  1. Find KLIMA on a decentralised exchange and make sure Klima DAO can be traded for MATIC which is the native asset of Polygon. Popular DEXs on Polygon include QuickSwap, SushiSwap and Balancer.
  2. Buy MATIC to trade for KLIMA using an exchange like . You will need to purchase enough MATIC to swap for KLIMA as well as some MATIC to pay for transaction fees which typically cost no more than a cent.
  3. Transfer the MATIC into a web 3.0 wallet like MetaMask to connect to the DEX.
  4. Trade MATIC for KLIMA on the DEX of your choice, following the instructions on screen. Make sure to leave enough MATIC in your wallet to pay for gas.
  5. Wait for the transaction to finalise and the KLIMA tokens will arrive in your wallet.
  6. You may now keep the tokens in your web 3.0 wallet or transfer them somewhere more secure like a hardware wallet.

You can follow the same process when you want to sell your tokens, or come back to this page to see if they can now be traded on an exchange in Australia.

What to consider when buying Klima DAO

The KLIMA coin is an integral part of the KlimaDAO ecosystem. However, like all altcoin investments both the token and the associated protocol should be thoroughly researched before any funds are allocated. Here are a few points to consider before placing funds into KLIMA:

  • sKLIMA: For staking KLIMA in the KlimaDAO protocol, users receive the sKLIMA token in a 1:1 exchange. sKLIMA tokens then accumulate staking rewards and must be deposited when original KLIMA tokens need to be removed from the protocol. The sKLIMA token is relatively illiquid and cannot be used within other decentralised finance (DeFi) applications.
  • High staking rewards: To incentivise carbon offsetting and encourage long-term adoption, the KlimaDAO protocol offers significant APY returns for staking the KLIMA token. Although returns vary daily, the APY has been known to exceed 1000%. Rewards are distributed every 8 hours during a rebase.
  • Financial activism: KlimaDAO leverages economic mechanisms to fight the ongoing battle with climate change - one of the most prominent risks the entire population faces. According to industry-leading reports, KlimaDAO was responsible for purchasing 2% of the entire voluntary carbon market in 2021. Over 16 million tons of carbon emissions have been absorbed by KlimaDAO - the equivalent of 80 hectares of forest land. The project could be particularly attractive to those that wish to put funds to work while helping the environment.

How to sell Klima DAO

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

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

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

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