How to buy Swarm (BZZ) in Australia

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

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How to buy Swarm

1. Compare crypto exchanges

The easiest way to buy Swarm 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 – cryptocurrency, bank transfer, ideal and paypal payments are widely accepted.

4. Buy Swarm

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

Find an exchange to buy, sell and trade BZZ 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
Gate.io Cryptocurrency Exchange
Cryptocurrency
USD, EUR, GBP, HKD, SGD, AUD, CHF, MXN

1071
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.
OKX Cryptocurrency Exchange
Bank transfer, Cryptocurrency, iDEAL, PayPal, POLi, SEPA, Faster Payments (FPS)
USD, CNY, EUR, ARS, AUD, BGN, BRL, CAD, CHF, COP & 20+ more

307
cryptocurrencies

Earn US$10 in BTC when you refer a friend and they purchase $100 of cryptocurrency. T&Cs apply.
Listing over 290 cryptocurrencies, OKX offers its users a variety of payment methods and coins to choose from.
Hotbit Cryptocurrency Exchange
★★★★★(0)
Hotbit Cryptocurrency Exchange
Cryptocurrency, Epay
USD

1036
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 Swarm

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

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

Cryptocurrencies are highly speculative assets that come with a range of risks. As a result, all altcoins should be thoroughly researched before any investment is made. Potential investors of BZZ may want to consider the following:

  • Use case: BZZ is primarily used to compensate the providers, or node operators, by those wishing to use the services offered by Swarm. Node operators that provide more bandwidth and storage while delivering popular chunks at fast speeds (files uploaded to Swarm are divided into 4 KB chunks) receive more traffic and, therefore, more rewards.
  • Token supply: BZZ’s token supply is not fixed and can change at any time. However, the token is neither inflationary nor deflationary. According to the protocol’s native bonding curve, if the token supply increases, so does the price of the token. If the token supply decreases, the price of the token also decreases. This removes both inflationary and deflationary effects of changes to supply.
  • Security features: The Swarm network has developed a built-in redundancy feature that ensures constant data availability and protects against nodes suddenly withdrawing from the network. The network is also protected from DDOS attacks. The implementation of security features such as these may help businesses and individuals utilise Swarm’s services.
  • Competition: There are several other distributed file networks within the cryptocurrency industry. Swarm will need to compete with projects such as Filecoin and Arweave to capture market share. Those interested in the potential of Swarm and the native BZZ token should consider how the project compares with the competition.

How to sell Swarm

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

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

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

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