This guide will cover everything you need to know, from how to open an account to how to set up a crypto wallet to how to invest in Fetch.ai in Australia. Ready to get started? Read on to learn how to buy Fetch.ai in Australia.
Founded in 2017, Fetch.ai has become a trending topic in the DeFi industry. It is an AI-based platform built on the distributed ledger and allows people to use several AI services more efficiently. Fetch.ai network is powered by its native cryptocurrency - FET, which is a necessity to have if you want to use the platform. Apart from being used within the Fetch.ai ecosystem, FET cryptocurrency is widely used for trading.
If you are interested in investing in FET cryptocurrency, you are in the right place. This article will tell you everything you need to know about Fetch.ai and FET coins. You will also find the best platforms to buy Fetch.ai in Australia and be guided on how to do that.
How To Buy In Fetch.ai In Australia – Quick Guide
To help you buy Fetch.ai 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 Fetch.ai on eToro – Search for FET or Fetch.ai in the eToro crypto market.
- Step 5: Buy FET – Enter the amount of the worth of Fetch.ai 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 Fetch.ai 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 Fetch.ai (FET) Coin In Australia - Best Brokers And Exchanges
Are you researching where to buy Fetch.ai in Australia? You’re in the right place. In this section, we will inform you about the best exchanges and places to buy Fetch.ai in Australia.
You can buy Fetch.ai on an exchange or brokerage platform that supports the cryptocurrency and operates in Australia. As FET is quite a popular coin it is listed on several cryptocurrency exchanges, so you have a good selection of platforms. Still, you need to find the best one that will meet your requirements regarding safety, trading fees, usability, functionality, etc.
Here are the best exchanges to buy Fetch.ai FET coin in Australia that we have chosen after doing a thorough analysis of several platforms.
- eToro - Best place to buy Fetch.ai (FET) in Australia
- Binance - Best exchange to buy FET in Australia for asset diversity
- Coinbase - Best place to buy Fetch.ai (FET) for beginners
- OKEx - Best platform to buy FET in Australia for low-cost
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
What Is Fetch.ai (FET) Coin?
Fetch.ai is a decentralized open-source project that uses AI agents to give people efficient solutions to their daily problems. The platform provided services in different fields including trading, public transportation, gig economy, smart cities, etc. It does so by building a more direct connection between the user and supplier thus reducing the role of the intermediates which also decreases the prices paid to them.
Finding that collecting the whole data may be too expensive, the project uses the data of IoT devices and by connecting to your device can have access to your environment and provide useful information. Fetch.ai also issued a native token - FET which is an ERC-20 token-based coin and is used within the ecosystem to hire agents, get rewards, etc.
Most importantly, this is the only coin that works within the FET platform, so people who want to use the services of Fetch.ai must possess FET coins. The maximum supply of the FET coin is 1,152,997,575 FET and it has a circulating supply of 746,113,681 FET coins. Fetch.ai FET coin is valued at $0.467 at the time of writing which gives it #167 on the market cap charts with a market cap of $349,501,565, according to CoinMarketCap.com.
Fetch.ai price movements in one year. More data on coinmarketcap.com
Fetch.ai was founded in 2017 by a group of software developers, one of whom has been a former member of the AlphaGo team. In 2019, they conducted an Initial Exchange Offering and raised $6 million. Meanwhile, Fetch.ai has already created several significant co-operations and partnerships with such companies as Binance, BOSCH, Festo, etc.
What’s The Best Place To Invest In Fetch.ai (FET) Crypto In Australia?
Before selecting a brokerage platform to trade Fetch.ai cryptocurrency in Australia, you need to sort out some features which a platform should possess to be considered a good one. The primary features include trading fees, functionality, speed, and security. Because trading requires buying and selling assets quite often, your platform must be well-suited for it - offer low trading fees, good safety mechanisms, operate quickly and provide a simple interface.
Exploring these features in a number of cryptocurrency exchanges and brokerage platforms we have concluded that eToro and Binance are the best platforms to trade Fetch.ai (FET) coin in Australia. Here are our quick reviews of both platforms.
eToro
eToro is a brokerage platform that supports a wide selection of assets. It is one of the most reputable brokers in the industry that stands out with competitive trading fees, a very easy-to-use interface, high-standard security structures, and a fascinating social trading platform with several benefits. It lists almost 50 cryptocurrencies which are equal to those of the crypto exchanges.
Buy Fetch.ai (FET) on eToro
The eToro's platform offers a good selection of beginner and advanced trading tools, a news section, educational content, and two significant social trading tools to copy the portfolios of various traders. eToro is a highly-regulated platform that guarantees your safety. Apart from low trading fees, it also offers low withdrawal fees, no deposit fees, and no management fees even for the social trading platform and tools. To start trading Fetch.ai (FET) coins on eToro, you may need to deposit at least $50.
Binance
Binance is one of the most popular names in the cryptocurrency trading industry. The exchange supports more than 500 coins which makes it an excellent choice if you intend to diversify your portfolio. Binance is famous for its several advanced tools designed specifically for expert traders, but it’s also well-designed for beginners. Though some functions of the exchange can be challenging to use for newbies in the field.
Trading Fetch.ai on Binance
Here’s How You Can Instantly Buy Fetch.ai (FET) Coin In Australia
Besides finding the best platform to buy Fetch.ai (FET) coin, you may also be interested in how to buy it. Here is a complete guide that explains all the steps involved in the process.
1. Open an Account with an exchange that Supports FET
First, visit the exchange of your choice and sign up for an online account. It’s an effortless process that requires filling in the details about your identity, address, birth date, etc. You need to also create a username and password for your account and provide an email. Next, you need to check your email and confirm the verification or provide a phone number for the initial verification.
The next verification phase is more advanced but everything will go smoothly if you do it in the correct way. Top brokers and exchanges usually require an address and identity verification, so what you need to do is to provide a copy of your ID or driver’s license for identity verification and a utility bill for address verification.
2. Select a Payment Method and Make a Deposit
It is also necessary to charge your account which you can do in several ways - most of the platforms support bank cards, wire transfers, and multiple e-wallets, such as Skrill, Paypal, etc. So, select the most suitable for you and fill in the amount of money you want to transfer into your exchange account. The process may take from 1-2 hours to 4-5 days depending on the payment method you use.
3. Buy Fetch.ai (FET) Coin
Now, when you have finished verifying and funding your account, you can eventually buy the Fetch.ai FET coin. Select the type of order you want to use - it can be a standard order or a limit order, decide on how many coins you want to buy and finalize your purchase by clicking on the “Buy” button.
4. Set up a Crypto Wallet
When your FET coins are transferred into your exchange account, you need to decide where to keep them. The main options are to keep it on your exchange account or use a software or a hardware decentralized wallet which you should choose depending on your investment goals and budget.
Check Out: The Best 5 Ways To Buy Fetch.ai (FET)
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
How To Buy Fetch.ai (FET) Coin With A Credit Card?
There are multiple payment methods you can use to buy Fetch.ai, but the bank card option is the fastest and most secure. The leading cryptocurrency trading platforms support bank card payments and they use top-notch safety mechanisms to protect your card’s safety. So, before trusting your credit card details to a broker once again make sure your broker is regulated or uses robust security features.
Buying Fetch.ai (FET) coins with a credit card is a quick process. First, visit the platform that supports FET coin and open an account if you don’t have one yet. Your second step is to link your credit card to your brokerage account by providing the required details about your card. Finally, you can deposit the amount of money you want to use to buy FET coins and open a buying order.
Here’s How You Can Start Trading Fetch.ai (FET) Coin In Australia
If you want to be more actively involved in the Fetch.ai (FET) market and gain rewards from its price fluctuations you need to open a trading account. But there are some nuances to pay attention to before you start trading. Here is a quick guide explaining what FET trading requires.
1. Register for an Account and Verify It
In the beginning, surely you must select a cryptocurrency broker that will be quick and cost-effective. And of course, you can’t trade without a trading account. So, click on the “Register” button and create an online account. You will also need to verify your account if you use a regulated and secure broker.
2. Deposit Money into Your Account
Charging your account is possible in different ways. If you aim to make quick trades and orders, you will need a payment method that transfers funds quickly. The bank card is the fastest option for you as it completes the transaction even in some seconds. But if you are not in a hurry, wire transfers and e-wallets also work and are a more cost-effective method when it comes to depositing fees.
3. Develop a Trading Strategy
Even if you have an account, you still can’t trade efficiently, if you are not familiar with the coin you are going to trade. So, before you execute any trades, you need to collect a lot of information about the asset, explore its pros and cons, do a market and fundamental analysis, consider all the risks and factors that can affect its price, etc. All these details will help you in developing an excellent trading strategy and make your trades organized.
4. Start Trading Fetch.ai (FET) Coin
When you complete verifying and funding your account, and have a trading strategy, you can finally start implementing it. It is also important to follow the news and learn about the factors that can affect the market overall. Active trading requires a lot of energy and time, so you must be ready to spend it otherwise you can select a more passive strategy.
Best Digital Wallet For Fetch.ai (FET) Coin
Apart from the exchange accounts where you can store your coins after buying them, you have another option - to transfer them to a decentralized wallet. These wallets into two large groups - software and hardware wallets. Software wallets, also known as hot wallets, are more practical, cost-effective, and easy to obtain.
Several cryptocurrency exchanges are providing their software wallets, including the Money wallet designed by eToro, Trust wallet operated by Binance, Coinbase wallet that belongs to the crypto exchange of a similar name, etc. Software wallets are free to download, and you can store your coins on them without any fees. They also provide an in-built exchange where you can swap between various crypto pairs.
Hardware wallets are pricey but they are considered the most secure storage for your cryptocurrency. These wallets are not that practical when it comes to trading frequently, because it will take a long time to transfer coins between your exchange account and wallets. And they don’t provide an exchange platform to swap between cryptocurrencies. Still, a hardware wallet is an excellent option for storing a huge amount of crypto as a long-term investment. As FET is an ERC-20 token, you can store it on any hardware wallet compatible with ERC-20 tokens, including Ledger Nano Wallet, Trezor, etc.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Should You Buy Fetch.ai (FET) Coin Right Now?
Fetch.ai (FET) can be an excellent buy right now as it is traded at low prices. Plus, the project aims to bring innovations in the industry and improve the DeFi digital economy. Hence, the demand for the FET cryptocurrency will grow if more and more people use its platform meaning that its value will increase too. Meanwhile, you should consider that Fetch.ai is a risky investment and there are always some chances to lose your investment.
Don't Miss: Fetch.ai Price Predictions
Conclusion
People use Fetch.ai services by paying in FET coins which are created to power the network. Besides using it on the network, you can trade or stake FET coins. FET is supported by various cryptocurrency exchanges, and to buy Fetch.ai (FET) coin in Australia you will need a broker on which you can open an account and start investing.
You now know how to buy Fetch.ai in Australia via eToro or Binance, both are fully regulated exchanges. The process takes less than 5 minus from start to the end.
In choosing eToro, you will only need to invest $50 into Fetch.ai. Just Make sure you search Fetch.ai thoroughly before investing.
In short, Fetch.ai is a decentralized platform that incorporates artificial intelligence to provide efficient and quick solutions for everyday problems. It’s a project that aims to help users connect with the suppliers and use their services more quickly and easily, reducing the role of third parties.
eToro — Best Place To Buy Fetch.ai In Australia
Open an account with eToro, deposit some funds with USD, and finally – buy Fetch.ai from just $50.
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.
FAQs on How to Invest In Fetch.ai In Australia
Where is the best place to buy Fetch.ai in Australia?
If you’re wondering where to buy Fetch.ai in Australia, several brokers and exchanges support this crypto asset. However, eToro offers the safest way to invest in Fetch.ai as the platform is fully regulated in Australia.
Will Fetch.ai ever get to $1?
In order for Fetch.ai to get to $1, it would only need to increase by a further 50% from today' price. Fetch.ai is still trading at a price below $0.75, so the FET coin requires a much higher upside to get to the $1 level. However, experts think the coin could hit that level by the end of this year. Whether or not Fetch.ai can achieve this mark remains to be seen.
How can I buy Fetch.ai in Australia?
To buy Fetch.ai in Australia right now, open an account with the AU-regulated broker eToro and deposit some funds. Next, search for the FET coin and enter the amount you want to invest. Finally, confirm your trading order.
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