How to buy xDAI Stake (STAKE) in Australia

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

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How to buy xDAI Stake

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

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

What is xDAI Stake?

xDai is essentially an Ethereum side-chain that is designed to help in the facilitation of fast yet inexpensive transactions. The protocol makes use of a proof-of-stake governance framework as well as employs a dual token model.

xDAI Stake (STAKE) is the 378th largest cryptocurrency in the world by market cap, valued at $60,874,771. The current price of xDAI Stake is $10.56, which is -7.909% lower than yesterday. Prices have ranged between $11.69 and $10.29 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.

xDAI Stake at a glance

Information last updated June 21, 2021 09:06 UTC.
Coin symbolSTAKE
Total STAKE supply8,639,213
Circulating STAKE5,774,189
Current priceUS$10.56
All time highUS$43.00
All time high dateFebruary 22, 2021
Notable team membersIgor Barinov
PartnershipsGnosis, Chainlink
Token usesGovernance, staking
NetworkxDai, Ethereum

xDAI Stake price performance over time

Historical prices compared with the price of US$10.56.

1 hour -3.47%
24 hours -7.91%
7 days 40.41%
14 days 14.75%
30 days -15.27%
60 days -55.44%
200 days 15.35%
1 year 470.13%

How to sell xDAI Stake

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

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

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 xDAI Stake, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of STAKE 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 xDAI Stake or any other cryptocurrency discussed.

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