How to buy Liquity (LQTY) in Australia

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

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How to buy Liquity

1. Compare crypto exchanges

The easiest way to buy Liquity 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 – debit card, wire transfer, advcash and cryptocurrency payments are widely accepted.

4. Buy Liquity

You can now exchange your funds for Liquity. 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 Liquity 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 Liquity in Australia

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

1 - 3 of 3
Name Product Deposit methods Fiat Currencies Cryptocurrencies
Gemini Cryptocurrency Exchange
Bank transfer (ACH), Debit card, Wire transfer
USD, AUD, CAD, EUR, GBP, SGD, HKD, COP

106
cryptocurrencies

Get USD 25 in BTC when you trade USD 100 within 3 days of signing up. T&Cs apply.
Execute multiple trade types with no fees on cryptocurrency and wire transfer deposits on this exchange.
Huobi Cryptocurrency Exchange
1.0★★★★★(2)
Huobi Cryptocurrency Exchange
AdvCash, Cryptocurrency, Wire transfer, SWIFT
GBP, USD, AUD, EUR, INR, BRL, KHR, CAD,CNY, NZD & 15+ more

334
cryptocurrencies

Huobi is a digital currency exchange that allows its users to trade more than 190 cryptocurrency pairs.
Hotbit Cryptocurrency Exchange
★★★★★(0)
Hotbit Cryptocurrency Exchange
Cryptocurrency, Epay
USD

1042
cryptocurrencies

A multi-currency exchange with 150+ pairings that can be accessed through desktop as well as a mobile app.
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Compare up to 4 providers

Steps on how to buy Liquity

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

  1. Compare cryptocurrency exchanges that support LQTY.
    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 Liquity.
  4. Buy Liquity.
    Complete your Liquity purchase and then find the best wallet to store LQTY.
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 Liquity

Buying cryptocurrency can be a risky endeavor, but there are precautions you can take to help mitigate risk. In the case of LQTY, here are some things worth considering:

  • Frontend: Interestingly, the Liquity developers do not operate a frontend for accessing the protocol. Instead, third-party services are in charge of integrating, deploying and hosting the application. These operators are rewarded with a proportion of LQTY tokens generated.
  • Stability pool: As a lending platform, Liquity has measures in place to prevent substantial economic damages and ensuring solvency. One of these key strategies is a stability pool, which is used to back the LUSD stablecoin. To achieve this, Liquity has an incentive program for Stability Providers, where they deposit their LUSD in exchange for a pro-rata share of liquidated collateral. Collateral is typically liquidated whenever the ratio from a specific borrower drops under the minimum 110%.
  • Token use-case: LQTY can be earned in three ways – by contributing to the stability pool, creating a frontend to host the Liquity infrastructure, or by participating in Uniswap’s LUSD liquidity pool. LQTY can then be staked for additional income, which comes in the form of fees from issuing loans.
  • Competition: Liquity is a unique protocol that lets users borrow a stablecoin interest-free, with a relatively low minimum collateral. However, it is far from the only decentralised lending protocol out there, and its point of difference may not be enough to drive adoption. Platforms such as Aave, Curve and Kava all provide relatively similar services with already-established userbases.
  • How to sell Liquity

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

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

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

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