How to buy Moonriver (MOVR) in Australia

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

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How to buy Moonriver

1. Compare crypto exchanges

The easiest way to buy Moonriver 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, bpay, cash and cryptocurrency payments are widely accepted.

4. Buy Moonriver

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

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

1 - 6 of 12
Name Product Deposit methods Fiat Currencies Cryptocurrencies
CoinSpot Cryptocurrency Exchange
Bank transfer, BPAY, Cash, Cryptocurrency, POLi, PayID
AUD

364
cryptocurrencies

CoinSpot lets you buy, sell and swap 100s of cryptos from its simple-to-use desktop or app trading accounts.
Swyftx Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, Osko, PayID
AUD, NZD

313
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

304
cryptocurrencies

Finder Exclusive: Sign-Up & Verify to get $10 in Bitcoin.
An Australian based exchange with a focus on simplicity that allows users to purchase a range of cryptocurrencies with AUD.
Binance Cryptocurrency Exchange
Credit card, Cryptocurrency, Debit card, Osko, PayID
USD, AUD, GBP, CAD, EUR, CNY, RUB, TRY, NGN, UAH & 40+ more

367
cryptocurrencies

Earn up to USD100 in rewards by completing welcome offer tasks within 7 days of sign up. T&Cs apply.
Binance is the world’s largest exchange by trading volume. Get started with instant zero fee AUD deposits and withdrawals in Australia, and enjoy low trading fees, a wide selection of cryptocurrencies and 24/7 local customer support.
Coinstash Cryptocurrency Exchange
Bank transfer, Cryptocurrency, PayID
AUD

340
cryptocurrencies

Buy 250+ different cryptocurrencies using AUD with competitive trading fees on this Australian-owned and operated exchange.
KuCoin Cryptocurrency Exchange
Cryptocurrency, PayPal, Wire transfer, Credit or Debit Card, SEPA
USD, EUR, GBP, RUB, CNY, AUD, KRW, JPY, TRY, VND & 40+ more

572
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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Compare up to 4 providers

Steps on how to buy Moonriver

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

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

When buying any cryptocurrency it is important to understand the risks associated with the underlying technology. In particular, buyers of MOVR should consider the following:

  • Inflow of developers from Ethereum: As an EVM-compatible blockchain within the Kusama network, an increase or decrease of developers bringing in Ethereum code will likely affect the demand for the native MOVR token. The token is required for all smart contract payments so as the number of developers increases, the number of smart contract executions will likely increase accordingly.
  • Future use-case: There may be a time when the Kusama network no longer benefits the Polkadot blockchain and the canary network is no longer necessary. While unlikely, potential investors should consider if the native cryptocurrency of Moonbeam, GLMR, would hold better investment potential.
  • Fees compared to Polkadot network: One of the main advantages of the Kusama network is the ability to test code and features cheaply. If Polkadot fees are lower in the future, launching pre-tested code directly to Moonbeam and bypassing Moonriver, could hurt the price of MOVR. Likewise, if Polkadot fees increase, the demand for Moonriver and the Kusama network may increase.
  • Competitors securing a parachain slot: Polkadot and Kusama offer 100 slots for protocols to bid DOT or KSM tokens to secure and join the network. It's possible that, in the future, another EVM compatible smart track platform may join the network that could compete with Moonriver to onboard Ethereum developers and builders. Potential investors of MOVR should pay close attention to the projects winning parachain auction slots within both Kusama and Polkadot. While newcomers may prove to be competition, Moonriver and Moonbeam will still likely hold a sizable advantage over any would-be newcomers.
  • Staking: Moonriver uses a delegated Proof-of-Stake model where collators with the highest stake are picked to process transactions and produce network blocks for block rewards. Users can delegate MOVR tokens to collators, thereby increasing a collator's total stake and maintaining their eligibility to author blocks. In return for supporting collators, delegators are rewarded a portion of all block rewards.
  • Questioned tokenomics:While marketed as a leading project on Kusama, Moonriver has received criticism since its launch for its tokenomics. There have also been block issues that have seen the token's value drop significantly. The native cryptocurrency to Moonbeam, GLMR, has also suffered. Make sure to do your own research on community unlocks before taking action.

How to sell Moonriver

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

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

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

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