How to buy, sell and trade NXT in Australia

A beginner’s guide to buying, selling and storing NXT assets.

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!

Launched in 2013, Nxt is an open-source blockchain platform that offers a long list of decentralised features to users. These include an asset exchange, marketplace, voting system and data cloud.

NXT is the native currency of the Nxt platform and is used as a payment system for all of the platform’s features. Conventionally, the currency is written all in uppercase (NXT) but the platform is not (Nxt). So, how does the Nxt platform work and how can you buy NXT in Australia? Let’s take a closer look.

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Quick guide: How to buy NXT

  1. Register for an account with a cryptocurrency exchange like CoinSpot.
  2. Enable 2-factor authentication.
  3. Verify your account.
  4. Click “Deposit AUD”.
  5. Transfer funds into your account.
  6. Click “Buy/Sell” at the top of the screen.
  7. Search for the cryptocurrency you want and click “Buy”.
  8. Enter the amount you want to buy, or the amount of AUD you want to spend.
  9. Review the transaction details.
  10. Click “Buy”.
Go to CoinSpot's site

This is our quick guide to just one way to buy NXT. Compare some other options in the table below.

Where to buy NXT

NXT is available from a selection of popular cryptocurrency exchanges, including:

Name Product Deposit methods Fiat Currencies Cryptocurrencies
CoinSpot Cryptocurrency Exchange
Bank transfer, BPAY, Cash, Cryptocurrency, POLi, PayID


CoinSpot is an Australian exchange that lets you easily buy, sell and trade more than 290 cryptos.
Cointree Cryptocurrency Exchange
Cash, Cryptocurrency, POLi, PayID, Online banking


Finder Exclusive: New members get $10 bonus after first trade. T&Cs apply.
Buy 160+ cryptocurrencies with fast-growth portfolio insights, and the ability to swap any coin to any other instantly.
Bittrex Global
Bank transfer, Credit card, Cryptocurrency, Debit card


Buy from one of the largest cryptocurrency exchanges with a selection of over 190+ cryptocurrencies and 3 USD pairings.
ShapeShift Cryptocurrency Exchange
Credit card, Cryptocurrency, Debit card, Banxa


Quickly swap between more than 40 cryptocurrency assets or use your credit card to instantly buy bitcoin.

Compare up to 4 providers

A step-by-step guide to buying NXT

If you want to buy NXT, all you need to do is follow three simple steps.

Step 1. Register for an account with an exchange that lists NXT

  • NXT is only available on a limited range of crypto exchanges, so check out some of the exchanges that allow you to trade this currency in the comparison table above.
  • Choose a platform that meets your needs and sign up for an account by providing your email address and creating a password.
  • Depending on the exchange you choose, you may also need to supply your full personal details and proof of ID to satisfy Know Your Customer and anti-money laundering (KYC/AML) requirements.
  • Once you’ve created an account, remember to enable 2-factor authentication (if supported by the exchange) to provide increased security for your funds.

Step 2. Deposit funds into your account

  • Many exchanges only allow you to buy NXT with cryptocurrency, not with fiat currency. If this is the case, you’ll need to acquire a crypto listed in a currency pair alongside NXT, such as bitcoin (BTC) or Ether (ETH), before you can purchase any NXT.
  • However, Australia-based cryptocurrency exchange CoinSpot does allow you to exchange Australian dollars (AUD) for NXT. To deposit funds into your account, look for the “Deposit AUD” link from the CoinSpot dashboard. Alternatively, you can deposit cash at a newsagency via Blueshyft.

Step 3. Buy NXT

  • The final part of the process is to click through to the “Exchange” or “Markets” section of your chosen platform. You can then search for your desired currency pair, such as NXT/ETH, and enter the amount of NXT you want to buy or the total amount of ETH you want to spend.
  • If you’re using CoinSpot, click on the “Buy/Sell” link at the top of the page and then search for “NXT”. Check the latest price of NXT and click on the “Buy NXT” link.
  • You can then enter the amount of NXT you want to buy, or the amount of AUD you want to spend. Click “Buy” and you’ll be shown the full transaction details, including the total cost. Click “Confirm Buy” if you’re happy to finalise the purchase.

How to sell NXT

The selling process is essentially the same as the buying process described in step 3, with the obvious difference that you’ll need to look for the “Sell NXT” link. Also, don’t forget that NXT is only available in a limited range of currency pairs, so you may not be able to immediately exchange it for the currency you desire.

Which wallets can I use to hold NXT?

Storing digital coins and tokens in an exchange wallet for an extended period exposes you to the risk of hacking and theft, so it’s generally recommended that you move your NXT coins into a private wallet.

The Nxt client allows you to store your NXT coins and manage your transactions. It’s available for download from the Nxt website and works on Windows, Mac, Linux and Android operating systems.

Find out more about storing your cryptocurrency in our guide to wallets.

How Nxt works

Created in 2013, Nxt is a blockchain platform that offers several core-level features. Developed in the Java programming language, its decentralised features include:

  • Assets and asset exchange. Nxt offers a peer-to-peer asset exchange to allow fast and secure trading without the need to trust a third party. You can trade assets to represent everything from equities, bonds and commodities to movie tickets, restaurant reservations and copyrights.
  • Monetary System. This allows users to create their own cryptocurrency and trade it on Nxt or through any platform that supports the Nxt Monetary System.
  • Marketplace. The Nxt Marketplace lets you list and sell items on the blockchain, with no need to trust a third party.
  • Messaging. The messaging system allows Nxt account holders to send and receive data on the blockchain to communicate directly with one another.
  • Voting. Nxt Voting allows users to create simple polls, and also allows transactions to be approved or rejected by a group of users as part of the platform’s Account Control system.
  • Account control. By making your Nxt account subject to the Nxt Voting System, you can provide multi-signature security for your account.
  • Coin shuffling. This feature lets users mix their funds with other users’ funds to anonymise their balance or transaction details.
  • Data cloud. The Nxt Data Cloud offers a decentralised data storage system.
  • Alias system. This simple system allows a long and complicated string of data to be replaced by a shorter one. For example, you could use this system to create an alias for your Nxt account number.

Originally released by an anonymous software developer, the Nxt platform and NXT are now managed by parent company Jelurida.

What to consider when buying NXT

Cryptocurrencies are complicated and highly volatile, so it’s essential that you do your own research into any project before deciding whether to purchase a particular currency. If you’re thinking of buying NXT, make sure to take the following factors into account:

  • Supply. According to CoinMarketCap, at time of writing the circulating supply of coins is 998,999,942. The total supply of 1 billion coins was created in 2013 and, as Nxt uses a proof of stake (PoS) system, no new coins will ever be created or mined.
  • Use. NXT is the currency that fuels the Nxt platform. Coins can be used to pay transaction fees when transferring NXT between users, for creating assets, for developing blockchain-based polls, and for storing data on the blockchain.
  • Established platform. Having been launched back in 2013, Nxt is one of the older players still going strong in the crypto world. This early-mover advantage has seen it establish a strong foothold and build a community of followers.
  • Ardor. In early 2018, Nxt’s parent company, Jelurida, launched Ardor. This new blockchain platform is based on Nxt but offers a number of enhanced features, including the ability to support child chains. Ardor is designed to deal with scalability, so it’s worth considering whether there are any scaling problems that may face the Nxt platform before deciding whether to buy any NXT.
  • Competitors. As well as its Ardor sibling, Nxt also faces competition from other dapps platforms such as Ethereum and New Economy Movement (NEM). In fact, this is quite a crowded corner of the cryptocurrency world, so you’ll need to consider the effect this could have on the adoption of Nxt and its native currency.

Examining these and other factors will help you decide whether you should consider buying any NXT coins, or whether you should instead move on to the next big thing.

Image source: Shutterstock

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

More guides on Finder

Get into cryptocurrency

Ask an Expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • 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