How to buy ShareToken (SHR) in Australia

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

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How to buy ShareToken

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

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

What is ShareToken?

ShareRing is a digital identity platform built on the ShareLedger blockchain. Founded in 2018, the Australian startup provides users with the ability to store documentation related to their digital identity. Key documents can include passports, driver’s licences, national ID cards, and more recently, COVID test results and vaccination certificates. According to the whitepaper, the project intends to create a space for users to securely access any documentation that may be required for the purchase of goods and services worldwide. For example, individuals can use their ShareRing ID to prove COVID-19 vaccination dates, apply for a travel visa, rent a house or apartment, apply for jobs, order groceries, and even open bank accounts. The ShareRing network can read and verify over 1,500 identity documents from over 190 countries and businesses. ShareRing ID is a self-sovereign platform, which means personal data is stored on a local personal device rather than on the ShareLedger blockchain. This provides far greater privacy over personal information. Personal information is not stored in a central database and cannot be accessed by third parties. ShareToken, or SHR, is the utility token of the ShareRing ecosystem. All transactions that take place of the ShareRing blockchain require SHR.

ShareToken (SHR) is the 505th largest cryptocurrency in the world by market cap, valued at $69,453,171. The current price of ShareToken is $0.02843136, which is 0.000% lower than yesterday. Prices have ranged between $0.02875649 and $0.02798108 over the past 24 hours. All prices are listed in US dollars and accurate as of September 20, 2021 10:09 UTC.

Where to buy ShareToken

Find an exchange to buy, sell and trade SHR by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.
Name Product Deposit methods Fiat Currencies Cryptocurrencies
CoinSpot Cryptocurrency Exchange
Bank transfer, BPAY, Cash, Cryptocurrency, POLi, PayID
AUD

307
cryptocurrencies

CoinSpot is an Australian exchange that lets you easily buy, sell and trade more than 290 cryptos.
Gate.io Cryptocurrency Exchange
Cryptocurrency
USD, EUR, GBP, HKD, SGD, AUD, CHF, MXN

806
cryptocurrencies

Finder exclusive: New users get $90 worth of Gate.IO points and an airdrop of $5 in GateTokens if trade volume exceeds $100 in their first week. T&Cs apply.
A feature-rich exchange with over 700 tokens including derivatives, yield farming and lending products.
KuCoin Cryptocurrency Exchange
Cryptocurrency, PayPal, Wire transfer, Credit or Debit Card, SEPA
USD, EUR, GBP, RUB, CNY, AUD, KRW, JPY, TRY, VND & 40+ more

255
cryptocurrencies

Finder Exclusive: Get up to 10 USDT in trading fee rebates for signing up and making a deposit, and up to 30 USDT in trading fee rebates after buying with fiat. T&Cs apply.
Browse a variety of coin offerings in one of the largest multi-cryptocurrency exchanges and pay in cryptocurrency.
Hotbit Cryptocurrency Exchange
Hotbit Cryptocurrency Exchange
Cryptocurrency, Epay
USD

645
cryptocurrencies

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

ShareToken at a glance

Information last updated September 20, 2021 10:09 UTC.
Coin symbolSHR
Total SHR supply4,396,000,000
Current priceUS$0.02843136
All time high dateFebruary 28, 2020

ShareToken price performance over time

Historical prices compared with the price of US$0.02843136.

1 hour -0.66%
24 hours 0.00%
7 days 0.65%
14 days 1.33%
30 days -4.11%
60 days -17.84%
200 days -32.72%
1 year 54.56%

How to sell ShareToken

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

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

What to consider when buying ShareToken

Whether utilising the ShareRing platform or purchasing SHR tokens as an investment, here are some key factors to consider:
  • Supply. There are 3 billion tokens available for purchase – $38 million were sold to the public when the tokens were initially issued.
  • Utility. SHR is used by providers to pay for their access to the ShareLedger blockchain. Use cases include adding assets, renting out assets, adding attributes and adding smart contracts.
  • Transaction fees. Most transactions on the ShareRing platform will incur a small fee in SHR. The fee is designed to reduce over time as the demand for the SHR token increases.
  • SHR v SHRP. SHR is the platform’s digital utility token. However, it will not be the only token associated with the ShareLedger blockchain. The second token, SHRP, will be a stablecoin used for the payment of third party assets, such as renting another user’s car or apartment.

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

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