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.
- 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.
- 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.
- Buy Tokenlon.
Complete your Tokenlon purchase and then find the best wallet to store LON.
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
|Total LON supply||111,568,640|
|All time high||US$9.81|
|Notable team members||Ben He|
|Token uses||Utility token|
Tokenlon price performance over time
How to sell Tokenlon
You can cash out your LON with the same exchange you bought it through:
- 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.
- Place a sell order.
Choose the amount of LON you'd like to sell.
- Complete your transaction.
Confirm the sell price and fees and close your sale of Tokenlon.
What to consider when buying cryptocurrencyBuying 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.
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