How to buy Origin Dollar (OUSD) in Australia

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

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How to buy Origin Dollar

1. Compare crypto exchanges

The easiest way to buy Origin Dollar 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, paypal, wire transfer and credit or debit card payments are widely accepted.

4. Buy Origin Dollar

You can now exchange your funds for Origin Dollar. 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 Origin Dollar 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 Origin Dollar in Australia

Find an exchange to buy, sell and trade OUSD 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
KuCoin Cryptocurrency Exchange
Cryptocurrency, PayPal, Wire transfer, Credit or Debit Card, SEPA
USD, EUR, GBP, RUB, CNY, AUD, KRW, JPY, TRY, VND & 40+ more

566
cryptocurrencies

Finder exclusive: Sign up and use code 1xf56 for one month of VIP 1 benefits. Deposit/transfer more than 0.1 BTC to KuCoin within 7 days of registration for 1 month of VIP 2 benefits. T&Cs apply.
Browse a variety of coin offerings in one of the largest multi-cryptocurrency exchanges and pay in cryptocurrency.
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Steps on how to buy Origin Dollar

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

  1. Compare cryptocurrency exchanges that support OUSD.
    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 Origin Dollar.
  4. Buy Origin Dollar.
    Complete your Origin Dollar purchase and then find the best wallet to store OUSD.
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 Origin Dollar

As with any investment, it is vital you understand the risks and potential upside of the asset before making any financial decision. With regards to OUSD, here are a few things to consider:

  • Elastic supply: The token supply of OUSD automatically expands according to the yield that is earned by the protocol. As yield is generated from different DeFi applications, that yield must be converted to more OUSD which is then distributed as rewards to OUSD holders. This means that the circulating supply of OUSD tokens will increase with each yield payment. Likewise, if OUSD is used to withdraw underlying stablecoins, such as USDT or DAI, OUSD will be removed from circulation.
  • Reliance on other stablecoins: While the backing of other stablecoins maintains OUSD’s peg and allows the coin to generate a yield for holders, the success of OUSD ultimately rests on the stability of those stablecoins that compose the reserve. If there are any issues with the stablecoins, or an underlying stablecoin loses its US dollar peg, the value of OUSD may be affected.
  • No Impermanent loss: As the Origin Protocol only provides liquidity to stablecoin liquidity pools, the mechanisms for generating yield for OUSD avoid the risk of impermanent loss. With liquidity pools composed of cryptocurrencies that hold different values, such as ETH:USDT, any significant changes in price can affect the proportion of tokens a user receives when extracting liquidity. Origin Protocol avoids this issue thanks to only dealing with US Dollar pegged stablecoins. Users can, therefore, earn a yield from OUSD without the concern of losing out to impermanent loss.
  • Protocol management: The Origin Protocol is governed by holders of the native governance token, OGN. This means that all manner of upgrades, updates, or changes to Origin Protocol’s system parameters are in the hands of OGN holders - including any changes to OUSD.
  • Risk of hack: Unfortunately, the Origin Protocol was hacked in November 2020, which resulted in $7 million worth of assets being stolen. While the protocol has patched the reentrancy bug that allowed the exploit, future hacking attempts should be considered a potential risk. Furthermore, the protocol lends stablecoin reserves to various other DeFi platforms, which increases the exposure to vulnerabilities.
  • Competitors: There are several exchanges and platforms that provide yield on stablecoins, however, few allow users to earn while stablecoins remain liquid. Although the stablecoin market is saturated, the Origin Protocol has created a stablecoin that offers an innovative yield-generating mechanism that may help to encourage adoption.

How to sell Origin Dollar

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

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

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

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