How to buy Ontology (ONT) in Australia
Learn how to buy Ontology (ONT) easily by following a step-by-step guide and compare 10+ crypto exchanges.
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How to buy Ontology
Look for an exchange that supports both fiat and cryptocurrency to simplify buying Ontology.
- Open an account on an exchange that supports ONT.
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.
- 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 Ontology.
- Buy Ontology.
Complete your Ontology purchase and then find the best wallet to store ONT.
What is Ontology?
Ontology is a trust network designed to be operated across multiple blockchains, providing identity verification and reputation management systems to suit a diverse range of industries. Launched in 2017 by Chinese company Onchain, Ontology will operate a dual-token structure – the utility token of the network is ONT and holding this token will allow users to generate Ontology Gas (ONG).
Ontology (ONT) is the 165th largest cryptocurrency in the world by market cap, valued at $399,010,066. The current price of Ontology is $0.456103, which is -15.545% lower than yesterday. Prices have ranged between $0.540057 and $0.42571 over the past 24 hours. All prices are listed in US dollars and accurate as of January 22, 2022 04:01 UTC.
Where to buy Ontology
Find an exchange to buy, sell and trade ONT by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.
Is it a good time to buy Ontology?
The technical analysis gauge for Ontology 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 Ontology 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 Ontology: moving averages, oscillators and pivots. Finder is not responsible for how ONT performs.
Ontology at a glance
|Total ONT supply||1,000,000,000|
|All time high||US$10.92|
|Notable team members||Li Jun|
|Partnerships||Google Cloud, Daimler Mobility, Litentry, Chainlink, Blocery|
|Industry||ID and data blockchain platform|
|Token uses||Governance, staking|
Ontology price performance over time
How to sell Ontology
You can cash out your ONT with the same exchange you bought it through:
- Sign in to the exchange you have ONT on.
If you store your Ontology in a digital wallet, compare crypto exchanges to sell it on.
- Place a sell order.
Choose the amount of ONT you'd like to sell.
- Complete your transaction.
Confirm the sell price and fees and close your sale of Ontology.
What to consider when buying OntologyCryptocurrencies are volatile and highly complicated, so there are a number of factors you’ll need to consider before buying any crypto coins or tokens. If you’re thinking of purchasing any ONT, make sure to take the following factors into account first:
- Dual tokens. Ontology will use a dual token structure. ONT is currently a NEP-5 token and does not release ONG (Ontology Gas), which will be used to power transactions. However, after the launch of Ontology’s mainnet, users will be able to exchange NEP-5 ONT for ONT on the mainnet, which will also start to release ONG tokens periodically.
- NEO/Onchain/Ontology relationship. Ontology is built on the NEO blockchain and its tokens were airdropped to NEO holders. This close relationship between NEO and Ontology reflects the fact that Onchain, Ontology’s parent company, has close links with the NEO project. However, NEO and Onchain are separate entities.
- Availability. As ONT tokens are still only available on a limited range of exchanges, it’s worth considering whether this current lack of widespread accessibility may have any effect on the level of demand for the tokens.
- Competition. Finally, remember to consider how Ontology stacks up against other similar identity verification projects, for example Civic (CVC), before deciding whether to buy any tokens.
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Disclaimer: Cryptocurrencies, including Ontology, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of ONT 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 Ontology or any other cryptocurrency discussed.
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