How to buy NewYork Exchange (NYE) in Australia

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

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How to buy NewYork Exchange

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

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

What is NewYork Exchange?

New York Exchange is a blockchain-based network that provides its users with the opportunity to trade value-backed commodities using cryptocurrency. New York Exchange has identified the lack of integration between traditional financial assets and digital assets, and set out to address it. New York Exchange uses a Proof-of-Stake (PoS) consensus mechanism to validate transactions on the protocol. Users must own and lock up at least 1,000 NYE to host a master node and stake on the platform. A key goal of the New York Exchange project is to provide traders and investors the ability to complete peer-to-peer transactions of classic commodities, making an intermediary broker (and thus, brokerage fees) redundant, like there are on traditional stock exchanges. NYE is the governance and utility token of the New York Exchange network. It uses smart contracts for the purchasing of synthetic stock and commodities that are found on the New York stock exchange.

NewYork Exchange (NYE) is in the top 1,000 cryptocurrencies in the world by market cap. The current price of NewYork Exchange is $11.69, which is 1.559% higher than yesterday. Prices have ranged between $13 and $11.02 over the past 24 hours. All prices are listed in US dollars and accurate as of September 27, 2021 05:09 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.

NewYork Exchange at a glance

Information last updated September 27, 2021 05:09 UTC.
Coin symbolNYE
Coin MarketcapN/A
Total NYE supply600,000,000
Current priceUS$11.69
All time highUS$25.82

NewYork Exchange price performance over time

Historical prices compared with the price of US$11.69.

1 hourN/A
24 hours 1.56%
7 days -12.91%
14 days -13.54%
30 days -14.37%
60 days -9.82%
200 days -54.14%
1 year 37.04%

How to sell NewYork Exchange

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

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

What to consider when buying NewYork Exchange

Before buying any cryptocurrency, an evaluation of the token and its associated platform should be completed. With regards to NYE, here are a few things worth considering:
  • Available information. The New York Exchange website is relatively sparse. It provides potential investors with detailed specs on the NYE coin, as well as the development team and some generic blockchain education, but beyond that, it lacks depth. As of July 2021, their Twitter, Medium, Reddit and other social media profiles haven’t been updated in approximately 2 years. For investors looking to really perform their due diligence, this dearth of detail will be discouraging.
  • Token use case. Though the intended use case for the NYE token is clear – purchasing synthetic commodities, staking and governance – the associated platform has no indication of how this can be achieved. As of July 2021, these features are either still under development or possibly even abandoned.
  • Price history. In spite of minimal development activity, the price of NYE was still growing throughout the early portion of 2021. The reasons behind this will be of interest to investors, as it demonstrates that the platform’s development doesn’t necessarily correlate to its price.

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

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