How to buy Tether Gold (XAUT) in Australia

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.

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.

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Name	Product	Deposit methods	Fiat Currencies	Cryptocurrencies
FTX Cryptocurrency Exchange ★★★★★(0)		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.	Go to site View details	Compare	loading Fetching your data...
Gate.io Cryptocurrency Exchange ★★★★★(0)		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.	Go to site View details	Compare	loading Fetching your data...
Paybis Cryptocurrency Exchange ★★★★★(0)		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.	Go to site View details	Compare	loading Fetching your data...
Bitfinex Professional Trading Exchange ★★★★★(0)		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.	Go to site View details	Compare	loading Fetching your data...

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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.