How to buy Quickswap (QUICK) in Australia

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

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How to buy Quickswap

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

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

What is Quickswap?

QuickSwap is a decentralised exchange (DEX) built within the decentralised finance (DeFi) ecosystem. Using an automated market maker (AMM), the exchange allows users to instantly swap ERC-20 tokens. According to the QuickSwap blog, the project promises lightning-fast transactions and negligible gas fees. The increase in DeFi functionality has unintentionally resulted in the crowding of Ethereum-based apps and, as such, gas costs can spike frequently. To account for this, QuickSwap was developed on the layer-2 Polygon network. The main goal of layer-2 protocols is to solve the scalability and speed issues that are inherent with existing layer-1 networks, like Ethereum. The Polygon network sends transactions off the main blockchain and into secure Proof-of-Stake ‘sidechains’. This layer-2 solution is known as ‘More Viable Plasma’ and helps the network verify transactions simultaneously. QUICK is an ERC-20 (Ethereum-based) token native to the QuickSwap network. The token is vital to the platform’s economic stability. As well as being used to vote on governance proposals, QUICK tokens are distributed to liquidity providers as an incentive to keep the AMM functional. They can also be staked on the QuickSwap DEX.

Quickswap (QUICK) is the 323rd largest cryptocurrency in the world by market cap, valued at $138,768,061. The current price of Quickswap is $384.84, which is 11.087% higher than yesterday. Prices have ranged between $385.44 and $330.09 over the past 24 hours. All prices are listed in US dollars and accurate as of September 27, 2021 02:09 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.

Quickswap at a glance

Information last updated September 27, 2021 02:09 UTC.
Coin symbolQUICK
Coin MarketcapUS$138,768,061
Total QUICK supply1,000,000
Circulating QUICK361,000
Current priceUS$384.84
All time highUS$1,590.57
All time high dateApril 30, 2021

Quickswap price performance over time

Historical prices compared with the price of US$384.84.

1 hour 2.45%
24 hours 11.09%
7 days -14.94%
14 days -13.78%
30 days -38.14%
60 days 16.76%
200 days 46.64%
1 yearN/A

How to sell Quickswap

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

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

What to consider when buying Quickswap

Before purchasing any cryptocurrency, an accurate evaluation of both the token and the associated platform should be completed. With regards to QuickSwap, here are a few things worth considering.
  • Competition. QuickSwap DEX has entered relatively late into an already saturated decentralised exchange market. Ethereum’s DeFi ecosystem now hosts several competitive AMM-based exchanges – it’s the whole reason gas prices are so high in the first place. While the QuickSwap platform has an edge due to its low fees, it is still in direct competition with a number of more popular apps. The user interface of QuickSwap is a clone of UniSwap, the most popular DEX by market share.
  • Tokenomics. The token was launched in February 2021 and has a maximum supply of 1 million. As of July 2021, there are 160,000 tokens in circulation, representing 16% of the total supply. 90% of all tokens minted have been allocated as an incentive to provide liquidity.
  • Governance. QuickSwap aims to become entirely decentralised and governed solely by token holders. It is QuickSwap’s vision that the majority of tokens will be held by LP providers that are contributing to the protocol. However, this poses the issue of ‘whales’ accumulating high numbers of QUICK tokens and influencing proposal votes. Furthermore, as of July 2021, QuickSwap’s decentralised autonomous organisation (DAO) isn’t up and running, meaning governance is still controlled by the developers.

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

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