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How to buy Metis (METIS) in Australia

Learn how to buy Metis (METIS) on 9+ crypto exchanges in our step-by-step guide.

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KuCoin

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  • Trade METIS and 779 other cryptos.
  • Unlock extra benefits with KuCoin Token (KCS).
  • Sign up and earn 500 USDT + bonus gift of 200 USDT in trading coupons + limited time offer of 7,500 USDT in futures trial funds. T&Cs apply.
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Metis (METIS) is the 207th largest cryptocurrency by market cap, valued at US$388,960,974.

Metis is a highly volatile asset capable of major price swings in a single day. Today METIS is trading for $69.16 USD, which is lower than yesterday's trading price of $72.98 USD. Over the past year, Metis's price has seen an increase of 148%.

So before you buy Metis, make sure you understand these unique risks as well as its legal and tax status here in Australia.

If you're ready to get started, read on for step-by-step instructions on how you can use to buy Metis.

This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade or use any services.

How to buy Metis in 5 steps

The whole process can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment.

  1. Compare crypto exchanges
    The easiest way to buy Metis is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.
  2. Create an account
    To create an account on an exchange, you will need to verify your email address and identity. Have some photo ID and your phone ready.
  3. Make a deposit
    Once verified, you can deposit AUD using the payment method that best suits you – cryptocurrency, bank and card payments are widely accepted.
  4. Buy Metis
    You can now exchange your funds for Metis. On beginner-friendly exchanges, this is as simple as entering the AUD or METIS amount you want to purchase and clicking "buy".
  5. Secure your Metis
    Consider transferring your METIS to a personal crypto wallet to protect against some of the risks of keeping it on an exchange, such as hacks, scams or platform bankruptcy.

Where to buy Metis in Australia

Find an exchange to buy, sell and trade METIS by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the exchange.

1 - 5 of 9
Name Product Deposit methods Fiat currencies Cryptocurrencies Offer Disclaimer Link
CoinSpot
4.3★★★★★(300)
Finder AwardExclusive
EXCLUSIVE
CoinSpot
Bank transfer, Credit card, Cryptocurrency, Debit card, PayID

1

447

Get $20 in BTC when you make a deposit. T&Cs apply.

Capital at risk

View details
Swyftx
4.4★★★★★(373)
Exclusive
EXCLUSIVE
Swyftx
Bank transfer, Credit card, Cryptocurrency, Debit card, Osko, PayID

3

352

Get $20 in BTC when you verify your account. T&Cs apply.

Capital at risk

View details
Coinstash
4.6★★★★★(36)
Finder AwardExclusive
EXCLUSIVE
Coinstash
Bank transfer, Cryptocurrency, Osko, PayID

1

815

Finder exclusive: Get up to $200 BTC when you complete certain steps on sign up. T&Cs apply.

Capital at risk

View details
KuCoin
KuCoin
Bank transfer, Credit card, Cryptocurrency, Debit card, Neteller, POLi, PayID, Skrill, P2P, TransferWise, Apple Pay, Google Pay, Prepaid card, Revolut

52

780

Sign up and earn 500 USDT + bonus gift of 200 USDT in trading coupons + limited time offer of 7,500 USDT in futures trial funds. T&Cs apply.

Capital at risk

View details
Gate.io
Gate.io
Bank transfer, Credit card, Cryptocurrency, Debit card, P2P

60

1944

Invite friends and earn up to 40% commission. T&Cs apply.

Capital at risk

View details
Disclaimer: Star ratings are only displayed for products with 10 or more reviews.
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How we keep this Metis guide up-to-date

  • METIS price data is regularly updated through data feeds so you always have the latest information.

What is Metis?

Metis is a layer-2 (L2) Ethereum rollup solution designed to assist Web2 businesses or applications enter the next generation Web3. Unlike other L2 solutions, Metis offers a Decentralised Autonomous Company (DAC) framework, that allows businesses to quickly launch blockchain-based applications or communities. The protocol is also scalable, cost-effective, and easy to use.

According to the project's website, with the price of every transaction on the Ethereum blockchain being costly and competitive, Metis makes it easy for NFT platforms, gaming communities, yield farmers, and exchanges, to enjoy network effects without committing significant capital to transactions. By using Optimistic Rollup technology and offering seamless compatibility with the Ethereum Virtual Machine (EVM), smart contracts can often be migrated to Metis in less than a day. To encourage the adoption of lower fees while maintaining quality services, dApp developers can join Metis's Builder Mining Program, which offers access to technical support, marketing resources, launchpad access and venture capital investment. In addition to support, 30% of all transaction fees collected within the ecosystem are distributed to members of the Building Mining Program to further assist platform development. By encouraging low fees Metis aims to increase the overall number of transactions made and increase network effects. While transaction costs are already low, in the future, Metis aims to release the Metis storage layer that will further reduce gas fees to fractions of a US dollar.

METIS is the native utility and governance cryptocurrency of the Metis L2 solution. The token is used to support all aspects of the Metis ecosystem and can be staked by users and DACs created within the ecosystem for further rewards.

How do I find the best places to buy Metis?

Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods. You can use our table to compare the features of popular cryptocurrency exchanges available in Australia to help you choose the one that's right for you.

Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review page.

What will I need to buy Metis?

To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it's a good idea to have those ready.

An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading Metis.

  • This process is known as Know Your Customer (KYC) and usually requires photo ID and a webcam or smartphone. You may also need to prove your address by uploading a copy of a recent bank statement or utility bill.
  • Some exchanges allow you to deposit and trade cryptocurrencies without passing KYC, but they will not allow you to transfer local currency from your bank account. So if you are planning on purchasing METIS with your local currency then you will need to pass KYC.
  • Once you have verified your identity, it is a good idea to enable 2-factor authentication (2FA) before depositing any funds. This will increase the security of your account and help keep your funds safe.

What are the best ways to buy Metis?

Once you've created an account, you will need to deposit funds to buy METIS with. You can either deposit local currency from a bank account or credit card, or transfer cryptocurrency from another exchange or wallet. Here are some popular ways to buy METIS:

  • Bank account: Transfers from local bank accounts are usually free, but you will need to double-check this with the exchange you choose – this information can be found in our table by clicking on 'view details'.
  • Credit or debit card: Linking a card to your account is another convenient way to top up your account, but be aware that it usually attracts an additional fee. An advantage, though, is that you can use a card to make instant purchases or set up a recurring purchase.
  • Cryptocurrency: You can usually purchase METIS by trading it for another cryptocurrency like Bitcoin or a stablecoin. This varies between exchanges though, so you will need to search for METIS on the spot market to see what cryptocurrencies it can be traded for.

What is the easiest way to buy Metis?

The easiest way to buy METIS is by placing an 'instant buy' order to purchase it for a fixed price but not all crypto exchanges offer this feature.

Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more expensive than using the spot market.

Before buying METIS, you may want to check the market conditions. To help you decide if now is the right time to buy, you can take a look at our all-time high tool to get an idea of how the price of Metis has been performing recently.

Best Metis wallets to store your METIS

You can keep your METIS on the exchange you purchased it on, or move it to a personal wallet:

  • Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
  • Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your METIS below.

Ledger Nano X Wallet

Trezor Model T Wallet

Go to site
Go to site

Supported assets

5,500+

Supported assets

9,000+

Price (USD)

$149

Price (USD)

$179

Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Is Metis a good investment?

It is good practice to review all aspects of a cryptocurrency and the associated platform before investing. Here are a few things to consider before purchasing METIS:

  • Popularity of other layer-1 blockchains: Other blockchains such as Polkadot, Cardano, and Solana have already attracted many Ethereum users and developers thanks to higher throughput, quicker transaction times, and lower fees. While L2s can also offer high throughput, quick transaction times and low gas fees, the success of L2s is still reliant on the popularity of the Ethereum blockchain. Less traffic on Ethereum may deter dApp developers from building on L2s such as Metis. All potential investors of METIS should pay close attention to which dApps are being developed using the protocol.
  • TLV on METIS: The total value locked (TVL) on Metis will signal users' interest in trading, investing, and making transactions on the Rollup platform. TVL is a common metric to measure a chain's success in attracting users and developers who are willing to commit capital for long periods of time. The indicator can be a great measure for gauging the popularity of a protocol, blockchain, liquidity pool, or validator node and should be considered before any investment is made. The TVL of Metis should be compared against other L2 solutions such as Optimism and Arbitrum.
  • Future Ethereum development: The most appealing factor of using an L2 is avoiding the competitive fees often associated with the Ethereum layer-1 blockchain. However, Ethereum is currently undergoing an infrastructure overhaul to Ethereum 2.0. Ethereum 2.0 may result is a significant drop in transaction costs, which could make the use of L2s redundant. DApp developers may opt to stay on Ethereum after the upgrade has been processed, however, the date of the final Ethereum 2.0 upgrade is currently unknown.

Today's Metis price versus ATH

Compare today's price of Metis ($69.16 USD) against its all-time-high price of $323.54 USD on 16 January 2022. The closer the bar is to 100%, the closer METIS is to reaching its ATH again.

Metis's price: $69.16 USD
ATH date: January 16, 2022
21.38%

Metis ATH: $323.54 USD


How to trade, convert or sell Metis

You can convert or sell your METIS with the same exchange you bought it through:
  1. Sign in to the exchange you have METIS on.
  2. If you store your Metis in a digital wallet, compare crypto exchanges to convert or sell it on.
  3. Choose Sell or Convert and place a sell order.
  4. Choose the amount of METIS you'd like to convert or sell.
  5. Confirm the sell price and fees and close your sale of Metis.
  6. Complete your transaction and move your METIS to a crypto wallet for storage.

How to buy other cryptos

Bitcoin
Ethereum
Tether
BNB
Solana
XRP
Lido Staked Ether
Dogecoin
Toncoin
Cardano

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

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