How to buy Sperax (SPA) in Australia

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

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How to buy Sperax

1. Compare crypto exchanges

The easiest way to buy Sperax 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 Sperax

You can now exchange your funds for Sperax. 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 Sperax 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 Sperax in Australia

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

1 - 3 of 3
Name Product Deposit methods Fiat Currencies Cryptocurrencies
FTX Cryptocurrency Exchange
Bank transfer, Cryptocurrency, Wire transfer, PayID, Credit or Debit Card
USD, EUR, GBP, AUD, HKD, SGD, TRY, ZAR, CAD, CHF, BRL

274
cryptocurrencies

Sign up through Finder for a 5% discount on all trading fees. T&Cs apply.
FTX is an exchange built by traders for traders, with a range of derivatives markets such as options and futures with deep leverage, in addition to standard spot markets. Note: Not available for US customers.
Gate.io Cryptocurrency Exchange
Cryptocurrency
USD, EUR, GBP, HKD, SGD, AUD, CHF, MXN

1072
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.
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.
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Compare up to 4 providers

Steps on how to buy Sperax

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

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

Cryptocurrencies are highly speculative assets that come with a range of risks. Those that are considering SPA as an investment should consider the following factors:

  • Relationship to USDs: As SPA is relied upon to stabilise the native USDs stablecoin, the value of the two tokens are finely intertwined. As USDs is minted, a proportion of SPA is burned. As USDs is burned, a proportion of SPA is then reminted. As a result of this mechanism, as the demand for USDs increases, the mechanism employed by Sperax will lead to SPA deflation. Conversely, if the demand for USDs decreases, this will lead to SPA inflation.
  • Opportunity to earn passive income: The protocol is one of the first to implement a hybrid model of crypto-collateralisation and algorithmic stability mechanisms for its native USDs stablecoin. Thanks to its innovative approach, the protocol is able to offer interest to those simply holding the USDs token - an attractive prospect for investors wishing to hold a non-volatile stablecoin that still offers a return on investment. If the demand for USDs increases, the demand for SPA is likely to increase accordingly.
  • Well-known investors: One of the largest and most reputable venture capital funds, Alameda Research (the fund behind FTX, led by Sam Bankman-Fried), is a key investor in the protocol. Alongside Alameda Research, Amber Group, Outlier Ventures, and Steve Aoki have also invested in the project, which serves to showcase the potential behind the team.
  • Active community: There is an active community and team engagement within the Sperax network, which is commonly a positive metric. Developers behind the project are keen to create a vibrant connection with investors and users of the protocol.

How to sell Sperax

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

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

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

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