How to buy Stacks (STX) in Australia

Learn how to buy Stacks (STX) easily by following a step-by-step guide and compare 10+ crypto exchanges.

Stacks
STX- USD
$2.61
- $0.23 ( - 8.17%)
BLOCKCHAIN-CAPITAL-PORTFOLIO

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How to buy Stacks

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

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

What is Stacks?

The Stacks blockchain was designed to bring smart contract functionality and, therefore, decentralised applications to Bitcoin. Based on the Stacks whitepaper, the project believes that Bitcoin will be used as the basis for all future blockchains and dapps.

To facilitate this vision, Stacks works like a layer-2 solution and connects directly to the Bitcoin blockchain to leverage its security and stability. By utilising a Proof-of-Transfer (PoX) mechanism, Stacks is able to provide smart contract functionality without the need to modify Bitcoin.

Stacks 2.0 was released in early 2021 and marked the main launch of the project. The Stacks token (STX) is used in the execution of smart contracts and by Stacks miners to receive BTC rewards.

Stacks (STX) is the 70th largest cryptocurrency in the world by market cap, valued at $2,708,010,217. The current price of Stacks is $2.57, which is -0.196% lower than yesterday. Prices have ranged between $3.12 and $2.57 over the past 24 hours. All prices are listed in US dollars and accurate as of December 02, 2021 05:12 UTC.

Where to buy Stacks

Find an exchange to buy, sell and trade STX 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
Swyftx Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, Osko, PayID
AUD, NZD

293
cryptocurrencies

Finder Exclusive: Receive $10 BTC on Sign up and Verification.
Buy and sell a wide range of cryptocurrencies at competitive rates on this Australian exchange.
Digital Surge Cryptocurrency Exchange
Bank transfer, Cryptocurrency, POLi, Osko, PayID
AUD

276
cryptocurrencies

Finder Exclusive: New members get $10 bonus after verification. T&Cs apply.
An Australian based exchange with a focus on simplicity that allows users to purchase a range of cryptocurrencies with AUD.
CoinSpot Cryptocurrency Exchange
Bank transfer, BPAY, Cash, Cryptocurrency, POLi, PayID
AUD

310
cryptocurrencies

CoinSpot is an Australian exchange that lets you easily buy, sell and trade more than 290 cryptos.
Binance Cryptocurrency Exchange
Credit card, Cryptocurrency, Debit card, Osko, PayID
USD, AUD, GBP, CAD, EUR, CNY, RUB, TRY, NGN, UAH & 40+ more

271
cryptocurrencies

Binance is the world’s largest exchange by trading volume. Get started with instant zero fee AUD deposits and withdrawals in Australia, and enjoy low trading fees, a wide selection of cryptocurrencies and 24/7 local customer support.
Coinstash Cryptocurrency Exchange
Bank transfer, Cryptocurrency, PayID
AUD

123
cryptocurrencies

Buy 120+ different cryptocurrencies using AUD with competitive trading fees in the Australian market.
Cointree Cryptocurrency Exchange
Cash, Cryptocurrency, POLi, PayID, Online banking
AUD

172
cryptocurrencies

Finder Exclusive: New members get $10 bonus after first trade. T&Cs apply.
Grow your retirement wealth with Cointree
Gate.io Cryptocurrency Exchange
Cryptocurrency
USD, EUR, GBP, HKD, SGD, AUD, CHF, MXN

870
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.
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Compare up to 4 providers

Is it a good time to buy Stacks?

The technical analysis gauge for Stacks displays real-time ratings for the timeframes you select. This is not a recommendation to buy, sell or trade. It represents a technical analysis of Stacks based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators based on the performance of Stacks: moving averages, oscillators and pivots. Finder is not responsible for how STX performs.


Stacks at a glance

Information last updated December 02, 2021 05:12 UTC.
Coin symbol STX
Coin Marketcap US$2,708,010,217
Total STX supply 1,818,000,000
Circulating STX 1,052,561,462
Current price US$2.57
Notable team members Muneeb Ali
Partnerships Foundry Digital, Blockdaemon
Industry Blockchain platform
Token uses Transaction fees, staking
Network Bitcoin, Stacks

Stacks price performance over time

Historical prices compared with the price of US$2.57.

1 hour -7.06%
24 hours -0.20%
7 days -0.96%
14 days -7.08%
30 days 30.60%
60 days 19.67%
200 days 31.16%
1 year 93.64%

How to sell Stacks

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

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

What to consider when buying Stacks

To assess any potential risks, make sure you do your due diligence and research your cryptocurrency token and its associated project before investing, especially if a project is early in its life cycle like Stacks is. Consider the following factors:
  • Regulation: STX struggled with some regulatory issues in the United States upon its launch, being classed as a security rather than a currency by the SEC. This ruling was reportedly overturned in May 2021 – although this has only been stated by Stacks developers. The SEC has made no official declaration on the matter.
  • Distribution: During the 2017-2019 ICO of STX, no tokens were made available to the public. They were distributed among unknown private investors and the founders. After a 3-year locking period, those tokens become liquid between January and November 2021.
  • Adoption: Global adoption of STX mining has been slow. The number of miners on the network is low in comparison to the total number of slots available. The cryptocurrency industry has been moving away from mining consensus mechanisms due to their negative impact on the environment. It’s worth performing additional research on the sustainability of STX’s mining relative to other eco-friendly cryptocurrencies.
  • Supply: The future supply of STX is capped at 1.8 billion, with 1.25 billion currently in circulation.

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


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