How to buy NuCypher (NU) in Australia

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

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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 information is not advice to buy cryptocurrency, a recommendation for NuCypher or an endorsement of any particular provider or service. Talk with a financial professional before any investment or purchase.

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 223rd largest cryptocurrency in the world by market cap, valued at $168,808,386. The current price of NuCypher is $0.310315, which is -0.243% lower than yesterday. Prices have ranged between $0.327062 and $0.291727 over the past 24 hours. All prices are listed in US dollars and accurate as of June 14, 2021 12:06 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
Coinbase Pro
Bank transfer, Cryptocurrency, Debit card, PayPal, Wire transfer
USD, EUR, GBP

58
cryptocurrencies

Formerly known as GDAX, Coinbase Pro is a US-based exchange which offers fiat currency payment options, including wire transfer, ACH bank transfer and SEPA.
Hotbit Cryptocurrency Exchange
Hotbit Cryptocurrency Exchange
Cryptocurrency, Epay
USD

512
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

NuCypher at a glance

Information last updated June 14, 2021 12:06 UTC.
Coin symbolNU
Total NU supply3,885,390,082
Circulating NU542,276,574
Current priceUS$0.310315
All time highUS$1.10
All time high dateFebruary 22, 2021
Notable team membersMikhail Egorov, MacLane Wilkison
PartnershipsKeep Network
IndustryEncryption
Token usesStaking, mining rewards, platform fees
NetworkEthereum

NuCypher price performance over time

Historical prices compared with the price of US$0.310315.

1 hour 0.13%
24 hours -0.24%
7 days -14.89%
14 days 5.78%
30 days -25.28%
60 days -45.58%
200 days 335.97%
1 yearN/A

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 cryptocurrency

Buying cryptocurrency can be a risky endeavor, but there are precautions you can take to help mitigate risk:
  • Don't FOMO buy coins: Spend time researching a coin before you decide to invest, particularly if the coin's price is spiking for seemingly no reason.
  • Stick with well known exchanges: Unless you're an experienced cryptocurrency trader, stick to more well known crypto exchanges to help avoid the possibility of losing your money in a scam. When possible, store your crypto on a hardware wallet instead of on an exchange.
  • Look into the coin's founders and developers: Anonymous teams are often a red flag, so if you can't find details on the creator of the coin you may want to consider investing in a different cryptocurrency.

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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