How to buy sUSD (SUSD) in Australia

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

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How to buy sUSD

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

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

What is sUSD?

sUSD is a synthetic stablecoin that is built on the Synthetix network. Like a number of other stablecoins, it tracks the price of the US dollar. It’s key function is liquidity – and is prevalent throughout the decentralised finance (DeFi) ecosystem in liquidity pools, yield farms and staking contracts. The advantage of synthetic assets like sUSD is the ability to gain exposure to an asset without ever actually owning the underlying currency. It is another project aiming to help bridge the gap between traditional finance and blockchain technology, as well as continue the growth of DeFi. To acquire sUSD tokens, users must first purchase SNX tokens from an exchange and stake them on the supported platform’s (Synthetic Mintr) protocol. They can also be purchased directly via the Synthetix Exchange using Ethereum. These tokens can then be staked, contributed to liquidity pools or swapped with other stablecoins and cryptocurrencies with minimal fees and slippage.

sUSD (SUSD) is the 210th largest cryptocurrency in the world by market cap, valued at $296,080,846. The current price of sUSD is $1, which is -0.320% lower than yesterday. Prices have ranged between $1.02 and $0.996679 over the past 24 hours. All prices are listed in US dollars and accurate as of September 24, 2021 01:09 UTC.

Where to buy sUSD

Find an exchange to buy, sell and trade SUSD 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
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.
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.
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.
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sUSD at a glance

Information last updated September 24, 2021 01:09 UTC.
Coin symbolSUSD
Coin MarketcapUS$296,080,846
Total SUSD supply295,496,252
Circulating SUSD295,496,252
Current priceUS$1
All time highUS$2.45
All time high dateFebruary 18, 2020

sUSD price performance over time

Historical prices compared with the price of US$1.

1 hour -0.39%
24 hours -0.32%
7 days 0.23%
14 days 0.77%
30 days -0.05%
60 days -1.08%
200 days -1.48%
1 year -0.78%

How to sell sUSD

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

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

What to consider when buying sUSD

When deciding on whether to invest in sUSD, there are a few factors to consider that may impact the price:
  • Accessibility. Newcomers to cryptocurrency may be dissuaded from investment by the relative difficulty of buying sUSD. You cannot purchase this token using fiat currency and it is not available on most major exchanges. To purchase sUSD, you must first purchase another crypto coin (ETH or SNX). Not only can this be intimidating, it also means extra transactions and, therefore, extra transaction fees.
  • Use case. Typically, investors wouldn’t purchase stablecoins like sUSD with a view to its price rising. If the token is performing correctly, its value shouldn’t deviate more than 1 cent from $1 USD. Stablecoins have a number of other appealing features, including as a bridge between traditional finance and crypto, a stable value during periods of high volatility, and staking/liquidity rewards.
  • Competition. Stablecoins are continuing to be developed regularly, as the demand for DeFi platforms and associated tokens grows. Though stablecoins often have different purposes, there are still a number of synthetic coins that track the price of USD. Comparing the benefits of sUSD to competitors (like Tether and USDC) will help give you a more rounded perspective on the coin. .

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

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