How to buy SuperRare (RARE) in Australia
Learn how to buy SuperRare (RARE) easily by following a step-by-step guide and comparing 10+ crypto exchanges.
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How to buy SuperRare
1. Compare crypto exchanges
The easiest way to buy SuperRare 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, bpay, cash and cryptocurrency payments are widely accepted.
4. Buy SuperRare
You can now exchange your funds for SuperRare. 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 SuperRare to your personal wallet.
Where to buy SuperRare in Australia
Find an exchange to buy, sell and trade RARE 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 SuperRare
Look for an exchange that supports both fiat and cryptocurrency to simplify buying SuperRare.
- Compare cryptocurrency exchanges that support RARE.
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 SuperRare.
- Buy SuperRare.
Complete your SuperRare purchase and then find the best wallet to store RARE.
What to consider when buying SuperRare
RARE is an integral part of the SuperRare ecosystem. However, like all altcoin investments both the token and the associated protocol should be thoroughly researched. Here are a few points to consider before placing funds into RARE:
- Marketplace competition: SuperRare is an NFT marketplace. Thanks to the popularity of NFTs there are now several marketplaces that exist within the ecosystem. While platforms such as OpenSea and Rarible command the lion’s share of trading, SuperRare has marketed itself as a high-end NFT platform and, therefore, somewhat differentiates itself from the competition. This may encourage platform use from those searching for the rarest and most unique digital artwork. Ultimately, the amount of platform use will drive demand for the RARE token and influence price.
- Governance: It is the ambition of SuperRare that the RARE token will be used to eventually control the majority of platform development - which will include deciding the artists that can list artwork on the platform. It will be in the interest of RARE token holders to choose the best artists and curate collections to the best of their ability and, therefore, increase interest in the platform.
- Tokenomics: 1 billion RARE tokens were created when launching the token in 2021. 150 million were available to the SuperRare community via airdrop. The amount of RARE allocated to each user was defined by several factors that were dependent on how often they had used the platform. The remaining tokens were distributed as follows: 40% were kept for the community treasury, 25.5% were kept for SuperRare Labs, 14.5% were kept for investors and 5% were allocated to partners.
How to sell SuperRare
You can cash out your RARE with the same exchange you bought it through:
- Sign in to the exchange you have RARE on.
If you store your SuperRare in a digital wallet, compare crypto exchanges to sell it on.
- Place a sell order.
Choose the amount of RARE you'd like to sell.
- Complete your transaction.
Confirm the sell price and fees and close your sale of SuperRare.
Disclaimer: Cryptocurrencies, including SuperRare, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of RARE 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 SuperRare or any other cryptocurrency discussed.
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