How to buy NFTX (NFTX) in Australia

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

NFTX
NFTX- USD
COLLECTIBLES-NFTS
$167.72
+ $3.98 ( + 2.43%)

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 NFTX

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

  1. Open an account on an exchange that supports NFTX.
    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 NFTX.
  3. Buy NFTX.
    Complete your NFTX purchase and then find the best wallet to store NFTX.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

What is NFTX?

NFTX is a platform that allows users to create their own ERC-20 tokens backed by NFT (non-fungible token) collectables. According to its Litepaper, the aim is to build liquid markets for NFTs, powering the creation of NFT index funds. A community-owned protocol, NFTX lets users create and trade funds based on collectables, such as CryptoKitties and Axies. After depositing an NFT into a vault, the user mints an ERC-20 token (vToken), which can then be traded. NFTX is the native asset of the protocol. An ERC-20 token on the Ethereum network, NFTX is a governance token.

NFTX (NFTX) is the 558th largest cryptocurrency in the world by market cap, valued at $70,633,503. The current price of NFTX is $167.74, which is 2.335% higher than yesterday. Prices have ranged between $170.48 and $162.85 over the past 24 hours. All prices are listed in US dollars and accurate as of October 26, 2021 11:10 UTC.

Where to buy NFTX

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

Name Product Deposit methods Fiat Currencies Cryptocurrencies
Gate.io Cryptocurrency Exchange
Cryptocurrency
USD, EUR, GBP, HKD, SGD, AUD, CHF, MXN

820
cryptocurrencies

Finder exclusive: New users get $90 worth of Gate.IO points and an airdrop of $5 in GateTokens if trade volume exceeds $100 in their first week. T&Cs apply.
A feature-rich exchange with over 700 tokens including derivatives, yield farming and lending products.
Hotbit Cryptocurrency Exchange
Hotbit Cryptocurrency Exchange
Cryptocurrency, Epay
USD

663
cryptocurrencies

A multi-currency exchange with 150+ pairings that can be accessed through desktop as well as a mobile app.
loading

Compare up to 4 providers

Is it a good time to buy NFTX?

The technical analysis gauge for NFTX displays real-time ratings for the timeframes you select. This is not a recommendation to buy, sell or trade. It represents a technical analysis of NFTX based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators based on the performance of NFTX: moving averages, oscillators and pivots. Finder is not responsible for how NFTX performs.


NFTX at a glance

Information last updated October 26, 2021 11:10 UTC.
Coin symbol NFTX
Coin Marketcap US$70,633,503
Total NFTX supply 650,000
Circulating NFTX 420,000
Current price US$167.74
All time high US$499.09
All time high date February 16, 2021
Notable team members Alex Gausman
Partnerships PieDAO
Industry NFT index funds
Token uses Governance
Network Ethereum

NFTX price performance over time

Historical prices compared with the price of US$167.74.

1 hour 0.02%
24 hours 2.33%
7 days 9.36%
14 days 3.95%
30 days 28.71%
60 days -5.76%
200 days -4.36%
1 year N/A

How to sell NFTX

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

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

What to consider when buying NFTX

Cryptocurrencies are very risky and complicated assets. Make sure you understand all the risks associated with buying and selling digital currencies before you buy. Some of the factors to consider before buying NFTX include the following:
  • Token supply. The supply of NFTX tokens is 650,000.
  • Who’s behind NFTX. The platform was launched by developer Alex Gausman in 2021. However, NFTX is governed by a decentralised autonomous organisation (DAO) – in other words, by its community.
  • User-friendliness. If you’re new to the world of cryptocurrency, the NFTX platform can seem quite confusing. There’s a learning curve in front of you if you want to understand exactly how the protocol works and what it offers to users.

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