How to buy Tokenlon (LON) in Australia

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

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How to buy Tokenlon

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

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

What is Tokenlon?

Tokenlon Instant Exchange is a decentralised cryptocurrency exchange based on blockchain technology. It provides real time quotes which means users can get satisfactory trading pair prices. Tokenlon is an instant exchange meaning during the exchange process, the token will not leave your cryptocurrency wallet and the exchange will be completed in the blockchain through the smart contract. LON is a utility token issued by Tokenlon and is used to encourage participation and expansion in the Tokenlon system. There are two main benefits for being LON token holders. First, by holding LON users can get fee discounts based on the number of tokens held. Currently, Tokenlon users pay a standard 0.30% fee for most transactions. Second, LON holders can participate in the governance of tokenlon. They can initiate Tokenlon Improvement Proposal (TIP), determine the use of the treasury, fee parameters, buyback parameters and other product features.

Tokenlon (LON) is the 319th largest cryptocurrency in the world by market cap, valued at $84,170,396. The current price of Tokenlon is $3.32, which is 2.756% higher than yesterday. Prices have ranged between $3.37 and $3.11 over the past 24 hours. All prices are listed in US dollars and accurate as of June 21, 2021 09:06 UTC.

Where to buy

Unfortunately, at this time no major exchanges 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.

Tokenlon at a glance

Information last updated June 21, 2021 09:06 UTC.
Coin symbolLON
Total LON supply111,568,640
Circulating LON25,342,078
Current priceUS$3.32
All time highUS$9.81
Notable team membersBen He
IndustryDecentralised exchange
Token usesUtility token

Tokenlon price performance over time

Historical prices compared with the price of US$3.32.

1 hour 0.31%
24 hours 2.76%
7 days -4.70%
14 days -11.93%
30 days -10.59%
60 days -44.33%
200 daysN/A
1 yearN/A

How to sell Tokenlon

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

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

What to consider when buying cryptocurrency

Buying cryptocurrency can be a risky endeavor, but there are precautions you can take to help mitigate risk:
  • Don't FOMO buy coins: Spend time researching a coin before you decide to invest, particularly if the coin's price is spiking for seemingly no reason.
  • Stick with well known exchanges: Unless you're an experienced cryptocurrency trader, stick to more well known crypto exchanges to help avoid the possibility of losing your money in a scam. When possible, store your crypto on a hardware wallet instead of on an exchange.
  • Look into the coin's founders and developers: Anonymous teams are often a red flag, so if you can't find details on the creator of the coin you may want to consider investing in a different cryptocurrency.

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

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