The ANKR coin is built to serve as a native token of the Ankr project. The latter is a Defi project aiming to develop decentralized cloud computing and enable cross-chain staking. The Ankr is built on the Ethereum blockchain meaning that ANKR is an ERC-20 token. The cryptocurrency has gained a lot of popularity due to the Ankr project and is widely traded among investors.
There are several crypto exchanges where you can buy the ANKR coin. But which exchange is the right choice and should you buy this cryptocurrency right now? This guide will give you the answers to these questions and explain everything that you need to know about the Ankr project and its cryptocurrency. You will also find a complete guide explaining how to buy ANKR coins in Australia.
How To Buy In Ankr In Australia – Quick Guide
To help you buy Ankr coins as quickly as possible, we broke the process down into a few easy steps:
- Step 1: Open an account with eToro – Head to eToro’s website and click join now to open a new account.
- Step 2: Verification – By uploading essential documents that show proof of identity and home address, you will get your account verified in a short time.
- Step 3: Deposit – Fund your new eToro account with a minimum of $10.
- Step 4: Search for Ankr on eToro – Search for ANKR or Ankr in the eToro crypto market.
- Step 5: Buy ANKR – Enter the amount of the worth of Ankr you want to purchase in United States Dollars (USD), then click Open Trade.
That’s it! By following these easy steps, you can invest in Ankr in Australia in less than 5 minutes.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Where To Buy Ankr (ANKR) In Australia
Are you looking on how to buy ANKR in Australia? Well, there are hundreds of crypto exchanges and brokers in Australia. This can make it hard to know which platform is right for you.
List of the best Exchanges to buy Ankr (ANKR) in Australia:
Looking where to buy ANKR in Australia right now? Below you will find 4 of the best brokers that allow you to buy ANKR in Australia.
- eToro - Best broker to buy Ankr (ANKR) in Australia
- Binance - Best exchange to buy ANKR Australia for asset diversity
- Coinbase - Best exchange to buy Ankr for beginners
- OKEx - Best broker to buy ANKR Australia for low-cost
What Is ANKR Coin?
The Ankr coin is the in-built cryptocurrency of the Ankr project that is used within the network to pay for transaction fees and for staking. The cryptocurrency has a maximum supply of 10 billion tokens and with a value of $0.059, it makes a market cap of almost $66 million and is ranked #111 on the Coin market cap chart. The project has sold more than 35% of the tokens within the first days of its ICO stage and raised $18.7 from private and public sales.
But the ANKR cryptocurrency is just one of the components of the Ankr project. It has other features that help the project stand out among other Defi products. It was founded in 2017 by Chandler Song (CEO), Ryan Fang (COO), and Stanley Wu (CTO), who is also a former Amazon worker. These three came up with an idea to create a Web3 platform that will change the way we store our data.
In other words, the Ankr project uses a special protocol, called Distributed Cloud COmputing Network, that enables creating decentralized cloud computing services using the capacity of idle machines. Decentralized cloud computing gives a lot of benefits over traditional cloud computing services.
First, it will decrease the costs of cloud computing services. Next, it will significantly diminish the monopoly in the cloud computing field which is dominated by some tech giant companies. And, eventually, it‘s not governed by a single authority meaning you have more control over your data, and you don’t have to rely on just a single company.
Besides aiming to bring such changes into the cloud computing service, the Ankr introduces another amazing feature that contributes to the process of staking your tokens. Due to its unique node infrastructure, the Ankr simplifies the process of staking coins and reduces the number of coins you need to lock to earn rewards. So, instead of staking 32 ETH into the Ethereum blockchain (which is currently equal to more than 80,000 USD), Ankr allows staking as little as 0.5 ETH.
How To Buy ANKR Coin With A Credit Card?
The credit card option is known as the quickest way to deposit funds into your exchange account or make a transaction. Meanwhile, it’s less cost-effective compared to bank transfer or e-wallet options. Buying the ANKR coin with a credit card is an effortless and quick process. The most crucial thing to consider here is selecting a platform that enables depositing funds through bank cards.
When you have selected a crypto exchange, you need to sign up for an account and fund it by choosing the credit card as a payment method. After this, you just need to browse the platform to find ANKR cryptocurrency, fill in the amount you want to buy, and make a purchase. Some platforms, like Binance, even allow you to buy instantly without having to deposit funds on your account.
Read Also: The 5 Best Ways To Buy ANKR
What’s The Best Platform In Australia To Trade ANKR Coin?
Active trading requires opening and closing positions quite often, meaning that every time you make a transaction, you need to pay trading fees. So, the crucial thing to pay attention to when choosing a brokerage platform is its pricing system. The functionality of the platform can also play an essential role: it should have a simple interface and be easy to operate. Both brokers of our suggestion list - eToro and Binance, possess these properties.
eToro is a very cost-effective option. It’s a zero-commission platform, that takes only small bids and does not have any hidden fees. The platform also offers low withdrawal fees ($5) and does not charge money for depositing funds excluding the conversion fees for non-USD contracts. eToro is also highly functional and simple to operate. Signing up for an online account with this broker is a matter of 15-20 minutes. The required step is also to verify it which is needed to keep your account safe and secure.
As for Binance, it offers a very competitive pricing system and the fees vary depending on the payment method and the trading volume. Binance offers a sophisticated platform for professional traders. Meanwhile, newbies in the field can easily buy crypto with some simple steps without even undergoing the whole verification process. Binance also offers a wide selection of cryptocurrencies to trade meaning you can build a diversified portfolio through a single platform.
Here’s How You Can Instantly Buy ANKR Coin In Australia
This section of the guide will introduce you to a step-by-step guide about how to buy ANKR coins in Australia.
Open an Account with a Crypto Exchange that Supports ANKR
To buy ANKR cryptocurrency, first, you need to select a cryptocurrency exchange through which you can execute your trades. Choose one of the exchanges in our suggestion list and click on it to visit its website.
Your next step is to create an account and provide the necessary information required by the platform. The registration process is followed by the verification phase. Here, you need to download a copy of your passport or ID to verify your identity. Some brokers also require you to verify your address with a driver’s license or a utility bill.
Select a Payment Method and Make a Deposit
After successfully completing the registration, you can transfer money into your exchange account to buy ANKR. There are several options to do this, including, wire or bank transfers, e-wallets, and credit cards.
The deposit fees and transaction speed differ depending on the payment method, so explore this carefully before selecting a payment option. Having chosen the deposit option, click on the “Deposit Funds” button, select the payment method, fill in the amount you want to transfer, and complete the transaction.
Buy ANKR coin and Store it in a Crypto Wallet.
Now, when you have successfully charged your account, you can start buying ANKR cryptocurrency. First, search ANKR in the search toolbar, click on the “Trade” button and the platform will open a window where you can fill in the amount you want to buy.
You can either create a standard order or limited order. Selecting the second one, you set a price limit, at which you want to buy the cryptocurrency. When the asset decreases to that level, your broker will take care that your trade is executed. If the asset does not drop to that price, your order will be rejected.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Here’s How You Can Start Trading ANKR Coin In Australia
The ANKR cryptocurrency can be a highly profitable asset in the short term if you can trade it correctly. Here are a few steps to follow to efficiently trade this cryptocurrency.
First and foremost, you need to find a good brokerage platform, with top-notch security systems and competitive pricing systems. But a good broker is not enough to profit from ANKR trading. You need to know when and how to open and leave positions to generate the highest rewards. This requires carefully examining the market, combining the market and fundamental analyses of the crypto asset, and making a reasonable decision based on these calculations.
If you are new in trading, you may also need to know how the market works, what are its basic drivers, when is the right time to invest or sell, and several other nuances. To make your trades more structured and less risky, you can take learning courses about trading, read educational content on various platforms, participate in discussions with expert traders, ask questions and read their reviews, etc.
Best Digital Wallet For ANKR Coin
As mentioned previously, the Ankr project uses the Ethereum blockchain, so ANKR cryptocurrency is an ERC-20 token. Consequently, all the wallets that can suit ETH cryptocurrency are compatible with ANKR too. There are several wallets to store your ANKR, but which is the best one? Firstly, you need to select which type of wallet you want to buy. You can select between three kinds of wallets - exchange, hardware, and software.
Exchange wallets are provided automatically by your broker, and your coins are transferred into them immediately after you buy them. However, some exchanges may not provide exchange wallets and require that you transfer your coins directly to your software or hardware wallets. Binance and eToro have exchange wallets that are protected with various security features.
Software wallets are desktop or mobile apps which you can install and store your coins for free. Besides secure storage, some hot storage wallets also provide you with an in-built exchange platform where you can trade between several coins. Software wallets are also provided by the brokers, for example, eToro’s Money and Binance’s Trust. Both wallets are highly secure, functional and support a wide range of crypto assets.
Finally, you can buy a hardware wallet and store your coins offline. Hardware wallets are usually costly but these are considered the safest way to keep your coins. Hardware wallets are mainly used for storing a huge amount of crypto for a very long time. If you want to get a hardware wallet, consider Trezor and Nano Ledger brands, which are among the most well-known and reputable wallets in the industry.
Should You Buy ANKR Coin Right Now?
There are some good reasons to buy ANKR right now. In the first place, it’s not a single cryptocurrency project and offers real-world solutions to bring more privacy and decentralization into cloud computing. The second good reason is its life-changing protocols trying to simplify the staking processes for everyone. And currently, you can stake a wide range of coins in less amount than their blockchains require and earn rewards through the Ankr protocols.
And the next good reason to invest in ANKR is its price history. ANKR gained good prominence from the first days of its ICO stages and sold a huge amount of coins. Its value has increased several times during the last 2 years. And finally, it’s a very affordable asset, so beginners can take the chance and invest in it.
Check Out: Ankr Price Prediction For 2025 And 2030
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Conclusion
In a nutshell, ANKR is widely considered a profitable investment taking into account the ambitious plans of the project and the team behind it. It aims to build a network of decentralized cloud computing that will revolutionize the way we store our data bringing a lot of benefits into the industry. Plus, it takes the staking to a new level and makes it available for many users.
Meanwhile, we should note that ANKR value is floating similarly to other cryptocurrencies. So, however good you may know the market, there are always some chances to lose your capital which means that you must invest cautiously. Start in little amounts and invest only if you can afford to lose that money. If you still don’t know how to buy ANKR in Australia you can use our guide where all the steps are explained in detail.
eToro – The Best Platform To Buy ANKR In Australia
eToro have proven themselves trustworthy within the Crypto industry over many years – we recommend you try them out.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
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