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How to buy Osmosis (OSMO) in Australia

Learn how to buy Osmosis (OSMO) on 11+ crypto exchanges in our step-by-step guide.

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Binance Australia

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  • Trade OSMO and 375 other cryptos.
  • Earn yield on your crypto holdings.
  • Earn up to US$100 in rewards by completing welcome tasks within 7 days of signup. T&Cs apply.
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Osmosis (OSMO) is the 135th largest cryptocurrency by market cap, valued at US$601,155,847.

Osmosis is a highly volatile asset capable of major price swings in a single day. Today OSMO is trading for $0.917548 USD, which is lower than yesterday's trading price of $0.9192031171 USD. Over the past year, Osmosis's price has seen an increase of 6%.

So before you buy Osmosis, make sure you understand these unique risks as well as its legal and tax status here in Australia.

If you're ready to get started, read on for step-by-step instructions on how you can use to buy Osmosis.

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

How to buy Osmosis in 5 steps

The whole process can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment.

  1. Compare crypto exchanges
    The easiest way to buy Osmosis 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 AUD using the payment method that best suits you – cryptocurrency, bank and card payments are widely accepted.
  4. Buy Osmosis
    You can now exchange your funds for Osmosis. On beginner-friendly exchanges, this is as simple as entering the AUD or OSMO amount you want to purchase and clicking "buy".
  5. Secure your Osmosis
    Consider transferring your OSMO to a personal crypto wallet to protect against some of the risks of keeping it on an exchange, such as hacks, scams or platform bankruptcy.

Where to buy Osmosis in Australia

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

1 - 5 of 13
Name Product Deposit methods Fiat currencies Cryptocurrencies Offer Disclaimer Link
CoinSpot
4.3★★★★★(300)
Finder AwardExclusive
EXCLUSIVE
CoinSpot
Bank transfer, BPAY, Cash, Credit card, Cryptocurrency, Debit card, PayID

1

444

Get $20 in BTC when you make a deposit. T&Cs apply.

Capital at risk

View details
Swyftx
4.4★★★★★(373)
Exclusive
EXCLUSIVE
Swyftx
Bank transfer, Credit card, Cryptocurrency, Debit card, Osko, PayID

3

352

Get $20 in BTC when you verify your account. T&Cs apply.

Capital at risk

View details
Binance Australia
4.8★★★★★(1987)
Finder Award
OFFER
Binance Australia
Credit card, Cryptocurrency, Debit card, Osko, PayID, Simplex, Banxa, Apple Pay, Google Pay

82

376

Earn up to US$100 in rewards by completing welcome tasks within 7 days of signup. T&Cs apply.

Capital at risk

View details
Coinstash
4.6★★★★★(36)
Finder AwardExclusive
EXCLUSIVE
Coinstash
Bank transfer, Cryptocurrency, Osko, PayID

1

785

Finder exclusive: Get up to $200 BTC when you complete certain steps on sign up. T&Cs apply.

Capital at risk

View details
KuCoin
KuCoin
Bank transfer, Credit card, Cryptocurrency, Debit card, Neteller, POLi, PayID, Skrill, P2P, TransferWise, Apple Pay, Google Pay, Prepaid card, Revolut

52

780

Sign up and earn 500 USDT + bonus gift of 200 USDT in trading coupons + limited time offer of 7,500 USDT in futures trial funds. T&Cs apply.

Capital at risk

View details
Disclaimer: Star ratings are only displayed for products with 10 or more reviews.
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How we keep this Osmosis guide up-to-date

  • OSMO price data is regularly updated through data feeds so you always have the latest information.

What is Osmosis?

Osmosis is best described as a decentralized, peer-to-peer (P2P) ecosystem that allows its users to generate liquidity while being able to exchange Inter-Blockchain Communication (IBC) enabled tokens seamlessly. On an operational front, the Osmosis network is completely free to use and has been designed using an open-source framework, ensuring a high degree of transparency. The project's whitepaperwhitepaper clearly states that Osmosis functions as a automated market maker (AMM) while employing the technical capabilities of the Cosmos SDK, thus allowing it to facilitate cross chain movements easily.

How do I find the best places to buy Osmosis?

Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods. You can use our table to compare the features of popular cryptocurrency exchanges available in Australia to help you choose the one that's right for you.

Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review page.

What will I need to buy Osmosis?

To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it's a good idea to have those ready.

An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading Osmosis.

  • This process is known as Know Your Customer (KYC) and usually requires photo ID and a webcam or smartphone. You may also need to prove your address by uploading a copy of a recent bank statement or utility bill.
  • Some exchanges allow you to deposit and trade cryptocurrencies without passing KYC, but they will not allow you to transfer local currency from your bank account. So if you are planning on purchasing OSMO with your local currency then you will need to pass KYC.
  • Once you have verified your identity, it is a good idea to enable 2-factor authentication (2FA) before depositing any funds. This will increase the security of your account and help keep your funds safe.

What are the best ways to buy Osmosis?

Once you've created an account, you will need to deposit funds to buy OSMO with. You can either deposit local currency from a bank account or credit card, or transfer cryptocurrency from another exchange or wallet. Here are some popular ways to buy OSMO:

  • Bank account: Transfers from local bank accounts are usually free, but you will need to double-check this with the exchange you choose – this information can be found in our table by clicking on 'view details'.
  • Credit or debit card: Linking a card to your account is another convenient way to top up your account, but be aware that it usually attracts an additional fee. An advantage, though, is that you can use a card to make instant purchases or set up a recurring purchase.
  • Cryptocurrency: You can usually purchase OSMO by trading it for another cryptocurrency like Bitcoin or a stablecoin. This varies between exchanges though, so you will need to search for OSMO on the spot market to see what cryptocurrencies it can be traded for.

What is the easiest way to buy Osmosis?

The easiest way to buy OSMO is by placing an 'instant buy' order to purchase it for a fixed price but not all crypto exchanges offer this feature.

Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more expensive than using the spot market.

Before buying OSMO, you may want to check the market conditions. To help you decide if now is the right time to buy, you can take a look at our all-time high tool to get an idea of how the price of Osmosis has been performing recently.

Best Osmosis wallets to store your OSMO

You can keep your OSMO on the exchange you purchased it on, or move it to a personal wallet:

  • Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
  • Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your OSMO below.

Ledger Nano X Wallet

Trezor Model T Wallet

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Go to site

Supported assets

5,500+

Supported assets

9,000+

Price (USD)

$149

Price (USD)

$179

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

Is Osmosis a good investment?

OSMO, is the platform's native cryptocurrency and much like the rest of the crypto market is subject to a high degree of volatility. Here are some core aspects of the project worth considering before investing:

  • Future ready design: One of the standout features of Osmosis is that it is cross-chain ready, quite like many other projects that have been built atop the Cosmos ecosystem. As per the official company websitewhitepaper the platform seeks to expand its suite of offerings to incorporate non-IBC chains as well in the near term..
  • Unique incentive structure: Osmosis is different from other projects operating within the Cosmos ecosystem because its framework helps align incentive streams for its liquidity providers, DAO members, and delegator interests in a simultaneous fashion. Furthermore, liquidity pools built on Osmosis are completely self-governing as well as feature a high degree of customization.
  • Novel staking setup:When talking about most conventional DeFi platforms, token owners are required to generate yields strictly via staking or liquidity. However, Osmosis makes use of a setup called 'Superfluid Staking' wherein the platform's native crypto OSMO can be deployed for staking as well as within liquidity pools at the same time, allowing users to maximize their overall revenue potential.
  • Multifaceted token: According to data available onlinedata available online, OSMO, the native crypto asset of the Osmosis ecosystem can be used for staking, liquidity as well as for a variety of governance-related processes such as voting on protocol upgrades (depending upon the number of tokens held by an individual).

      • Today's Osmosis price versus ATH

      Compare today's price of Osmosis ($0.917548 USD) against its all-time-high price of $11.25 USD on 04 March 2022. The closer the bar is to 100%, the closer OSMO is to reaching its ATH again.

      Osmosis's price: $0.917548 USD
      ATH date: March 04, 2022
      8.16%

      Osmosis ATH: $11.25 USD


      How to trade, convert or sell Osmosis

      You can convert or sell your OSMO with the same exchange you bought it through:
  1. Sign in to the exchange you have OSMO on.
  2. If you store your Osmosis in a digital wallet, compare crypto exchanges to convert or sell it on.
  3. Choose Sell or Convert and place a sell order.
  4. Choose the amount of OSMO you'd like to convert or sell.
  5. Confirm the sell price and fees and close your sale of Osmosis.
  6. Complete your transaction and move your OSMO to a crypto wallet for storage.

How to buy other cryptos

Bitcoin
Ethereum
Tether
BNB
Solana
Lido Staked Ether
XRP
Dogecoin
Toncoin
Cardano

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

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