How to buy Tether Gold (XAUT) in Australia

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

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How to buy Tether Gold

1. Compare crypto exchanges

The easiest way to buy Tether Gold 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 Tether Gold

You can now exchange your funds for Tether Gold. 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 Tether Gold 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 Tether Gold in Australia

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

1 - 4 of 4
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

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.
Paybis Cryptocurrency Exchange
★★★★★(0)
Paybis Cryptocurrency Exchange
Bank transfer, Cryptocurrency, Neteller, Skrill, Credit or Debit Card
EUR, GBP, USD, AUD, CAD, PHP, SGD, CHF, HKD, JPY & 30+ more

405
cryptocurrencies

Buy Bitcoin and other popular cryptocurrencies with credit card or debit card on this digital cryptocurrency exchange.

US residents: Restricted in the following states - NY, CT, NM, WA, HI, AL, VT, FL, AK, NV.
Bitfinex Professional Trading Exchange
Credit card, Cryptocurrency, Bank Wire
USD, EUR, GBP, JPY

190
cryptocurrencies

Cryptocurrencies are a highly volatile investment product. Your capital is at risk.
Spot trade all of the major cryptos on this full-featured exchange and margin trading platform.
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Compare up to 4 providers

Steps on how to buy Tether Gold

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

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

Cryptocurrencies are both complicated and speculative. Buying any crypto coin or token comes with a high level of risk. It’s essential that you’re fully aware of all the risks involved before you decide to buy. If you’re thinking of purchasing XAUt, make sure you consider the following factors first:

  • Zero custody fees: TG Commodities states that the XAUt token is the only product in the market that offers zero custody fees for the storage of gold bars. For investors interested in gaining exposure to physical gold, owning XAUt could remove the need to pay high storage and security fees. The removal of fees could help the token gain traction within traditional investing circles.
  • Withdrawal limitations:
  • XAUt token holders will need to own one gold bar worth of tokens and hold a verified account with TG Commodities Limited before XAUt can be used to redeem physical gold counterparts. Physical gold can then be sent to any address located within Switzerland or the physical gold can be sold for cash on behalf of an investor.
  • Centralised: All gold bars that back the token are secured and controlled by TG Commodities Limited - a private company. While the token offers the benefits of digitised gold, the issuer still has a single point of failure. If governments or other agencies decide to seize TG Commodities Limited assets, users may be left unable to access gold reserves. All owners of XAUt are also entrusting TG Commodities to have enough reserves to back each token.
  • Wider company controversy: Tether Limited, the mother entity behind the gold-backed digital asset, has been shrouded in controversy and questioned by members of both the cryptocurrency and traditional financial industries. There have been several reports that suggest the US dollar stablecoin, USDT, is not 100% backed by US dollar reserves. This may cause concern to potential future investors of XAUt.
  • High transaction fees: XAUt runs on the Ethereum network, which is often plagued by high levels of congestion. High congestion on the blockchain can lead to high fees, which might mean that transferring XAUt results in high transaction costs. Although Ethereum is in the process of implementing scaling solutions, it may still take some time before Tether Gold users can enjoy scaling benefits.
  • Competitors: XAUt is not the only gold stablecoin that exists within the cryptocurrency markets. Other gold-backed token competitors include Digix Gold (DGX) and PAX Gold (PAXG). Both are thriving in the space. Although Tether Gold has led the market for several years, due to its affiliation with USDT, past achievement does not always guarantee future success.

How to sell Tether Gold

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

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

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

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