How to buy Trustswap (SWAP) in Australia
A beginner's guide to buying and selling SWAP in Australia.
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How to buy Trustswap
Look for an exchange that supports both fiat and cryptocurrency to simplify buying Trustswap.
- Open an account on an exchange that supports SWAP.
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 Trustswap.
- Buy Trustswap.
Complete your Trustswap purchase and then find the best wallet to store SWAP.
What is Trustswap?
TrustSwap aims to provide an easy, inexpensive and safe way for individuals to make payments using smart contracts and eliminate the need to hire trusted third parties like lawyers. TrustSwap was created in 2020 when the CEO Jeff Kirdeikis realised in order for a venture capital firm to invest in his company in exchange for a native cryptocurrency, he had to hire expensive lawyers to ensure the VC doesn’t sell the tokens all at once, therefore crashing the price. Its flagship product is TrustSwap Launchpad which crypto startups can use to lockup tokens for the team, developers and early adopters. SWAP is the native currency of TrustSwap and it is designed so that the SWAP supply continually decreases over time. According to the white paper this will continually increase the scarcity of SWAP tokens.
Trustswap (SWAP) is the 392nd largest cryptocurrency in the world by market cap, valued at $57,058,001. The current price of Trustswap is $0.885061, which is 0.588% higher than yesterday. Prices have ranged between $0.893627 and $0.785368 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.
Trustswap at a glance
|Total SWAP supply||99,996,804|
|All time high||US$5.00|
|All time high date||April 16, 2021|
|Notable team members||Jeff Kirdeikis and Adam Barlam|
|Token uses||Staking, governance, rewards, platform discounts|
Trustswap price performance over time
How to sell Trustswap
You can cash out your SWAP with the same exchange you bought it through:
- Sign in to the exchange you have SWAP on.
If you store your Trustswap in a digital wallet, compare crypto exchanges to sell it on.
- Place a sell order.
Choose the amount of SWAP you'd like to sell.
- Complete your transaction.
Confirm the sell price and fees and close your sale of Trustswap.
What to consider when buying TrustswapInvesting in cryptocurrencies can be risky, so it’s important you understand the risks involved. Here are some factors to consider before buying SWAP tokens:Staking. When you lock your SWAP tokens, you will be rewarded with 80% of the transaction fee for every transaction paid in SWAP. The remaining 10% will go to the TrustSwap Foundation, while the other 10% will be burned to gradually decrease the supply of SWAP tokens. In addition, staking SWAP will grow your “SwapScore” which will allow you to do things like unlocking free airdrops, gaining guaranteed access to launchpad and accessing FlashStake launchpad lotteries.
- Supply. The SWAP token is designed to be deflationary. For each transaction fee paid in SWAP on the TrustSwap platform, 10% of the fees will be burned. This decreases the total supply of SWAP on a regular basis, which is designed to ultimately increase the value of the SWAP token.
- Governance. As a SWAP token holder you can participate in governance voting and fund allocation.
- Reduced fees. Using SWAP tokens, you can access a 50% discount on TrustSwap platforms compared to paying in ETH. This is designed to incentivise users to adopt SWAP as the main currency.
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