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How to buy ShapeShift FOX Token (FOX) in Australia

Learn how to buy ShapeShift FOX Token (FOX) easily by following a step-by-step guide and comparing 10+ crypto exchanges.

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How to buy ShapeShift FOX Token

1. Compare crypto exchanges

The easiest way to buy ShapeShift FOX Token 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 and epay payments are widely accepted.

4. Buy ShapeShift FOX Token

You can now exchange your funds for ShapeShift FOX Token. 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 ShapeShift FOX Token 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 ShapeShift FOX Token in Australia

Find an exchange to buy, sell and trade FOX 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
Hotbit Cryptocurrency Exchange
★★★★★(0)
Hotbit Cryptocurrency Exchange
Cryptocurrency, Epay
USD

1042
cryptocurrencies

A multi-currency exchange with 150+ pairings that can be accessed through desktop as well as a mobile app.
View details
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Compare up to 4 providers

Steps on how to buy ShapeShift FOX Token

Look for an exchange that supports both fiat and cryptocurrency to simplify buying ShapeShift FOX Token.

  1. Compare cryptocurrency exchanges that support FOX.
    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 ShapeShift FOX Token.
  4. Buy ShapeShift FOX Token.
    Complete your ShapeShift FOX Token purchase and then find the best wallet to store FOX.
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 ShapeShift FOX Token

While cryptocurrencies can often seem like a lucrative investment opportunity at the outset, they are volatile and risky assets that often need thorough research before investing. Below are the aspects you need to be aware of before adding FOX to your portfolio:

  • Development team history. Interestingly, the ShapeShift Fox project has been around for a while, being formed in 2014 by a private, centralised Swiss company. However, the business eventually changed gears in 2021 by announcing they were decentralising operations and handing over governance decision-making to the ShapeShift DAO. A key player for ShapeShift is Erik Voorhees, who is a prominent and influential figure in the cryptocurrency industry.
  • Tokenomics. FOX tokens have a maximum and total supply of 1,001,337 tokens. Of this, the majority (34%) were distributed in an airdrop to the userbase of ShapeShift. At the time, June 2021, this was one of the largest token airdrops ever. 32% of the tokens were handed out to employees and shareholders pre-decentralisation, while 24.2% was reserved for the ShapeShift DAO. The remaining tokens were split between a non-profit foundation (7.5%) and ShapeShift’s business (1.3%), with the rest (1%) already in circulation.
  • Competition. ShapeShift’s emphasis on decentralised portfolio management isn’t especially unique to the cryptocurrency sector. A wide range of both centralised and decentralised exchanges (DEXs) offer similar services, such as Binance and Crypto.com. While the ability to trade and control your crypto portfolio without passing on your details is a compelling advantage in the crypto sphere, platforms such as Changelly and Coinswitch are also competing for the same market share.

How to sell ShapeShift FOX Token

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

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

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

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