How to buy NuCypher (NU) in Australia

Learn how to buy NuCypher (NU) easily by following a step-by-step guide and compare 10+ crypto exchanges.

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How to buy NuCypher

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

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

What is NuCypher?

NU is the native token of the NuCypher network, along with being the utility token of the ecosystem. NuCypher offers a decentralised encryption, access control and key management system (KMS) for blockchain networks. Holders of the NU token get the right to run a node on the network. Users can only run a node by staying online accessible to users and staking a particular amount of native tokens on the network as a collateral. The token model of NU is designed in a way to offer low liquidity so that users would stake tokens for longer terms, rather than using it as a speculative trading asset. NuCypher was founded by MacLane Wilkison and Michael Egorov in 2015, although they did not tokenize it’s data encryption layer till December 2017, when they launched NU as a Simple Agreement for Future Tokens (SAFT) selling 31% of the initial token supply for nearly $4.4 million in what’s also known as a token pre-sale.In October 2019, NuCypher sold another 8% of it’s token supply through another SAFT to raise $10.7 million.

NuCypher (NU) is the 180th largest cryptocurrency in the world by market cap, valued at $574,341,321. The current price of NuCypher is $0.889048, which is -5.670% lower than yesterday. Prices have ranged between $0.953653 and $0.878996 over the past 24 hours. All prices are listed in US dollars and accurate as of December 02, 2021 12:12 UTC.

Where to buy NuCypher

Find an exchange to buy, sell and trade NU 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
Swyftx Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, Osko, PayID
AUD, NZD

293
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

276
cryptocurrencies

Finder Exclusive: New members get $10 bonus after verification. T&Cs apply.
An Australian based exchange with a focus on simplicity that allows users to purchase a range of cryptocurrencies with AUD.
CoinSpot Cryptocurrency Exchange
Bank transfer, BPAY, Cash, Cryptocurrency, POLi, PayID
AUD

310
cryptocurrencies

CoinSpot is an Australian exchange that lets you easily buy, sell and trade more than 290 cryptos.
Gate.io Cryptocurrency Exchange
Cryptocurrency
USD, EUR, GBP, HKD, SGD, AUD, CHF, MXN

870
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.
Crypto.com App
Credit card, Cryptocurrency, PayPal, TransferWise, SEPA
USD, AUD, CAD, CHF, EUR, GBP, NZD, SGD, JPY, ZAR & 9+ more

157
cryptocurrencies

Buy 100+ cryptocurrencies, earn up to 14.5% p.a. on holdings, pay with your crypto for cashback at stores, get loans and more with this complete crypto-finance platform.
OKEx Cryptocurrency Exchange
Bank transfer, Cryptocurrency, iDEAL, PayPal, POLi, SEPA, Faster Payments (FPS)
USD, CNY, EUR, ARS, AUD, BGN, BRL, CAD, CHF, COP & 20+ more

281
cryptocurrencies

Earn US$10 in BTC when you refer a friend and they purchase $100 of cryptocurrency. T&Cs apply.
Listing over 100 cryptocurrencies, OKEx offers its users a variety of payment methods and coins to choose from.
Bithumb Cryptocurrency Exchange
Cryptocurrency
KRW

198
cryptocurrencies

A global platform where users can make KRW and cryptocurrency deposits to purchase up to 15 popular cryptocurrencies.
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Is it a good time to buy NuCypher?

The technical analysis gauge for NuCypher 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 NuCypher 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 NuCypher: moving averages, oscillators and pivots. Finder is not responsible for how NU performs.


NuCypher at a glance

Information last updated December 02, 2021 12:12 UTC.
Coin symbol NU
Coin Marketcap US$574,341,321
Total NU supply 3,885,390,082
Circulating NU 644,932,611
Current price US$0.889048
All time high US$2.61
Notable team members Mikhail Egorov, MacLane Wilkison
Partnerships Keep Network
Industry Encryption
Token uses Staking, mining rewards, platform fees
Network Ethereum

NuCypher price performance over time

Historical prices compared with the price of US$0.889048.

1 hour -0.71%
24 hours -5.67%
7 days 8.27%
14 days -1.55%
30 days -2.34%
60 days 194.59%
200 days 128.69%
1 year 500.78%

How to sell NuCypher

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

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

What to consider when buying NuCypher

Cryptocurrencies are highly volatile and a speculative asset class by nature. Make sure you always understand the various factors impacting the price of a cryptocurrency before investing. If you’re considering investing in NU, consider the following aspects before deciding:
  • Inflation: According to CoinMarketCap, at the time of writing (April 2021), there are over 408 million coins in circulation. The maximum supply is capped at nearly 3.89 billion tokens. Be aware of how inflation may affect future value.
  • WorkLock: According to the NuCyppher blog, WorkLock is the network’s node set-up mechanism, which will be used to launch the network. It is essentially the smart contract on which the network is based. Over $125 million in Ether was locked in the smart contract through 2,011 nodes on October 5, 2020. Later, on October 17, it launched the mainnet by distributing $45 million worth of NU tokens, which were staked for six months from that date.
  • Liquidity: The token model incentivizes long-term investors to stake their tokens. The project discourages speculative trading on the NU token, thus the liquidity of NU as a token is lower than other DeFi protocols with similar use cases.
  • Governance: In June 2020, Nu Cypher announced that the governance in the network will be decentralized and the NuCypher DAO, a decentralized autonomous organization (DAO) will govern over the NuCypher Network. This DAO is powered by the Aragon network.
  • Umbral: This is the specific threshold proxy re-encryption (PRE) that enables users to share and store private data on public networks securely. NuCypher’s Umbral breaks it up into four steps: grant, encrypt, retrieve and re-encrypt. The process aims to ensure utmost security and transparency for the network and its users.

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


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