How to buy Thorecoin (THR) in Australia

Learn how to buy Thorecoin (THR) easily by following a step-by-step guide and compare 10+ crypto exchanges.

+ $165.47 ( + 1.01%)

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How to buy Thorecoin

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

  1. Open an account on an exchange that supports THR.
    Unfortunately, at this time no major exchanges in Australia offer THR, but you may be able to purchase it with another cryptocurrency. Just be sure to follow all legal restrictions and requirements.
  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 Thorecoin.
  3. Buy Thorecoin.
    Complete your Thorecoin purchase and then find the best wallet to store THR.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

What is Thorecoin?

Launched in 2018, ThoreCoin is a token-based project designed to capture the value of a basket of prominent cryptocurrencies. According to ThoreCoin’s website, purchasing one digital token allows investors to gain access to prominent digital assets without having to buy each independently.

The token offers exposure to multiple aspects of the cryptocurrency industry including digital assets, trading, lending, initial offerings, mining and index tracking. Built on top of the Waves blockchain, ThoreCoin is fully compliant with existing security token (STO) laws.

THR is the native cryptocurrency of the platform and can only be stored in wallets that have been whitelisted by ThoreCoin. This ensures a high level of monetary safety as well as individual security. The cryptocurrency’s total supply has been capped at 100,000 tokens.

Thorecoin (THR) is in the top 1,000 cryptocurrencies in the world by market cap. The current price of Thorecoin is $16734.5, which is 1.889% higher than yesterday. Prices have ranged between $16882.94 and $16424.25 over the past 24 hours. All prices are listed in US dollars and accurate as of November 29, 2021 09:11 UTC.

Where to buy Thorecoin

Unfortunately, at this time no major exchanges in Australia offer this coin. However, you may be able to purchase it with another cryptocurrency, just be sure you're following all legal restrictions and requirements.

Consider buying a different cryptocurrency after comparing popular exchanges.

Thorecoin at a glance

Information last updated November 29, 2021 09:11 UTC.
Coin symbol THR
Coin Marketcap N/A
Total THR supply 1,111,111
Current price US$16734.5
All time high US$33,657.00
Industry Digital asset portfolio
Token uses Security token, staking
Network Waves

Thorecoin price performance over time

Historical prices compared with the price of US$16734.5.

1 hour -0.39%
24 hours 1.89%
7 days -6.73%
14 days -45.56%
30 days -44.51%
60 days 14.92%
200 days 54.02%
1 year 393.62%

How to sell Thorecoin

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

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

What to consider when buying Thorecoin

ThoreCoin could provide an excellent proxy investment that offers exposure to multiple cryptocurrencies. However, like any crypto investment, certain factors should be considered.
  • Increased financial exposure: ThoreCoin makes it easier for investors to diversify their portfolios by allowing them to put money into multiple digital assets without having to invest independently. As THR’s value is drawn from a number of top-traded coins, investors are only required to monitor one price rather than follow the movements of all underlying assets.
  • Seamless tokenisation: Thanks to the power of ThoreNext, a platform that offers users the ability to tokenise various real-world assets, it is possible for users to organise their holdings in a streamlined manner. This can make investments legally compliant with all of the pertinent AML and KYC policies governing them.
  • Security: To maintain a high degree of data security, the platform ensures that all internal processes are protected through the use of SSL encryption. ThoreExchange also utilises a two-factor authentication (2FA) system alongside an email authorisation mandate. The whitelisting of THR addresses should mean that tokens are fully secure.

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

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