How to buy Neutrino USD (USDN) in Australia

A beginner's guide to buying and selling USDN in Australia.

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 Neutrino USD

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

  1. Open an account on an exchange that supports USDN.
    Jump to our table to compare popular options — just remember that most exchanges require an email address, phone number and proof of ID to register.
  2. 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 Neutrino USD.
  3. Buy Neutrino USD.
    Complete your Neutrino USD purchase and then find the best wallet to store USDN.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

What is Neutrino USD?

Neutrino is an algorithmic price-stabilisation protocol that enables the creation of stable coins tied to real-world assets or cryptocurrency. The Neutrino protocol is deployed on the WAVES blockchain, and aims to create a cross chain ecosystem involving DeFi, stablecoins, overcollateralised pegs, and a governance model. USDN is a stablecoin pegged 1:1 with the US dollar, and is collateralised by the WAVES token. Originally, 1 trillion USDN assets were issued and locked in the contract with no ability to issue additional amounts. However, nobody, including the development team, has access to these locked tokens. The only way to unlock USDN is by swapping WAVES tokens. The Neutrino protocol has built an interesting extension, with its DeFi platform, on which users can instantly swap stablecoins of the most popular national currencies, with USDN at its centre.

Neutrino USD (USDN) is the 133rd largest cryptocurrency in the world by market cap, valued at $434,776,787. The current price of Neutrino USD is $0.997684, which is 0.014% higher than yesterday. Prices have ranged between $1.01 and $0.988853 over the past 24 hours. All prices are listed in US dollars and accurate as of August 05, 2021 02:08 UTC.

Where to buy

Unfortunately, at this time no major exchanges 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.

Neutrino USD at a glance

Information last updated August 05, 2021 02:08 UTC.
Coin symbolUSDN
Total USDN supply435,779,049
Circulating USDN435,786,081
Current priceUS$0.997684
All time highUS$2.52

Neutrino USD price performance over time

Historical prices compared with the price of US$0.997684.

1 hourN/A
24 hours 0.01%
7 days -0.12%
14 days -1.30%
30 days 0.09%
60 days -1.65%
200 days 0.36%
1 year 0.39%

How to sell Neutrino USD

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

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

What to consider when buying Neutrino USD

The Neutrino protocol has been making a name for itself. With a high degree of integration between Ethereum and WAVES, it has become an important player in the DeFi space. As such, its USDN token is the premier stablecoin on WAVES, and the core of its DeFi platform, an extension which allows stablecoin swaps between national currencies. A reasonably high yield of 15% APY for staking makes this high liquidity protocol an attractive network for cryptocurrency users.
  • High liquidity. According to CoinMarketCap, USDN has a market cap of nearly US$500 million. This ensures a high level of liquidity when buying, trading and using the token.
  • Large number of exchanges. Over 8 exchanges currently list USDN, including KuCoin and Uniswap, which are among the most popular places to buy and sell cryptocurrency.
  • Locked USDN tokens. The development team minted 1 trillion USDN tokens. However, the only way to unlock these tokens is by swapping WAVES tokens, which ensures balances remain steady and balanced.
  • Decentralised Forex. The Neutrino Protocol has created DeFi, which enables instant swaps between stablecoins tied to popular national currencies, and other financial instruments.

Disclaimer: Cryptocurrencies, including Neutrino USD, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of USDN 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 Neutrino USD 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