How to buy Olympus (OHM) in Australia

Learn how to buy Olympus (OHM) easily by following a step-by-step guide and comparing 10+ crypto exchanges.

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How to buy Olympus

1. Compare crypto exchanges

The easiest way to buy Olympus is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.

2. Create an account

To create an account on an exchange you will need to verify your email address and identity. Have some photo ID and your phone ready.

3. Make a deposit

Once verified, you can deposit $ using the payment method that best suits you – cryptocurrency payments are widely accepted.

4. Buy Olympus

You can now exchange your funds for Olympus. On easier-to-use exchanges, this is as easy as entering the amount you want to purchase and clicking buy. If you like you can now withdraw your Olympus to your personal wallet.

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

Where to buy Olympus in Australia

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

1 - 1 of 1
Name Product Deposit methods Fiat Currencies Cryptocurrencies
Gate.io Cryptocurrency Exchange
Cryptocurrency
USD, EUR, GBP, HKD, SGD, AUD, CHF, MXN

1071
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.
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Compare up to 4 providers

Steps on how to buy Olympus

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

  1. Compare cryptocurrency exchanges that support OHM.
    Cryptocurrency exchanges differ by fees, security and payment methods, so you'll need to research which is the right fit for you. As a beginner, you don't need a big range of features, and you can always change exchanges later.
  2. Create an account on an exchange.
    You can sign up for an account by selecting the Go to site button. This will take you to the account creation page, where you can fill in your details, starting with your name and email address..
  3. 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 Olympus.
  4. Buy Olympus.
    Complete your Olympus purchase and then find the best wallet to store OHM.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

What to consider when buying Olympus

OHM is the token that is required to facilitate any internal operation taking place within the Olypus ecosystem. Here are a few key pointers to bear in mind before investing in the asset:

  • Unique value proposition:As per the official project whitepaper whitepaper Olympus’ reserve asset ‘OHM’ is designed to help weaken the crypto market’s overt reliance of the US dollar by pegging it to alternative stores of value, all while affording users the many benefits afforded by famous stablecoins such as USDT, USDC, etc.
  • Novel liquidity creation mechanism:While a number of DeFi platforms suffer from the issue of ‘liquidity migration’, causing their financial mechanisms to time and again be faced with various operational issues, Olympus is able to mitigate this problem by owning its liquidity pool via a process call bonding — wherein the platform generates liquidity from its users in return for discounted OHM tokens.
  • No details about dev team available: Even though the project is self-governing, thanks to its use of a DAO-centric framework, it should be mentioned that there are no details about any of Olympus’ core team members.
  • Crypto-based pegging model: As per the project websitewebsite Olympus works as ‘decentralized reserve currency’ that is governed by the OHM token, with each coin being backed by a number of different cryptos including DAI, FRAX, amongst others. As a result, the asset cannot ever fall below a set intrinsic value, giving it a unique economic framework that regular stablecoins cannot achieve.

    How to sell Olympus

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

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

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

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