How to buy Sai (SAI) in Australia
Learn how to buy Sai (SAI) easily by following a step-by-step guide and comparing 10+ crypto exchanges.
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How to buy Sai
1. Compare crypto exchanges
The easiest way to buy Sai 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 – bank transfer, cryptocurrency, wire transfer and payid payments are widely accepted.
4. Buy Sai
You can now exchange your funds for Sai. 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 Sai to your personal wallet.
Where to buy Sai in Australia
Find an exchange to buy, sell and trade SAI by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.
Steps on how to buy Sai
Look for an exchange that supports both fiat and cryptocurrency to simplify buying Sai.
- Compare cryptocurrency exchanges that support SAI.
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.
- 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..
- 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 Sai.
- Buy Sai.
Complete your Sai purchase and then find the best wallet to store SAI.
What to consider when buying Sai
Cryptocurrencies are highly speculative assets that come with a range of risks. Those that are considering SAI as an investment should consider the following factors:
- Legacy token: SAI is a legacy token associated with the SideShift.ai protocol. As a result, it is important to remember that the token is no longer used within the Sideshift.ai platform. All SAI tokens would need to be converted to XAI to access platform benefits.
- Staking rewards: If the SAI token is converted to XAI, XAI tokens can then be staked within the SideShift.ai application. For staking XAI tokens and supporting the ecosystem, 25% of all platform fees are shared between supporters.
- Competition: The SideShift.ai cryptocurrency exchange is situated within a heavily saturated section of the cryptocurrency industry. The protocol is competing against both centralised exchanges, such as Binance and Crypto.com, and also decentralised exchanges, such as Uniswap and SushiSwap. While SideShift.ai offers advantages over both, the application may struggle to capture market share from exchanges that offer support for a wider range of cryptocurrencies.
How to sell Sai
You can cash out your SAI with the same exchange you bought it through:
- Sign in to the exchange you have SAI on.
If you store your Sai in a digital wallet, compare crypto exchanges to sell it on.
- Place a sell order.
Choose the amount of SAI you'd like to sell.
- Complete your transaction.
Confirm the sell price and fees and close your sale of Sai.
Disclaimer: Cryptocurrencies, including Sai, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of SAI 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 Sai or any other cryptocurrency discussed.
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