How To Buy Odyssey (OCN) In Australia

A Beginner’s Guide to Buying and Selling Odyssey Cryptocurrency in Australia

Last Updated November 28th 2022
5 Min Read

Based in Australia and looking to buy Odyssey? If so, All you need to do is find a regulated exchange, deposit some funds, and decide how many Odyssey tokens you want to buy.

Odyssey is a rising star in crypto space. The crypto is powered by the OCN native and operates under a blockchain-based platform. Operating on a blockchain basis helps share economies such as Lyft, WyzAnt and even Airbnb by converting them into tokens. The ecosystem within which the OCN token exists depends on the sellers and buyers of the tokens. 

The token is renowned for its incredible contributions in decentralized finance, given that it is based on the blockchain network. The primary competing tokens for Odyssey are Bitcoin, Ethereum, and Bitcoin Cash. Before investing in cryptocurrencies, you first need to research and gain ample knowledge that will help you make the right investment decisions.  

How To Buy In Odyssey In Australia – Quick Guide

To help you buy Odyssey 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 Odyssey on eToro – Search for OCN or Odyssey in the eToro crypto market.
  • Step 5: Buy OCN – Enter the amount of the worth of Odyssey 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 Odyssey in Australia in less than 5 minutes.

 

buy Odyssey

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Where To Buy Odyssey (OCN) In Australia 

Are you searching for how to buy Odyssey 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 Odyssey (OCN) in Australia:

Looking where to buy Odyssey in Australia right now? Below you will find 4 of the best brokers that allow you to buy OCN in Australia. 

  • eToro - Best broker to buy Odyssey (OCN) in Australia
  • Binance - Best exchange to buy Odyssey in Australia for asset diversity
  • Coinbase - Best exchange to buy Odyssey (OCN) for beginners
  • OKEx - Best broker to buy Odyssey in Australia for low-cost

A Step-by-step Guide To Buying Odyssey (OCN) In Australia 

If you want to buy Odyssey tokens, there are two main ways for you to do it: 

Buying Odyssey with other cryptocurrencies 

The first way of buying Odyssey tokens is by using other cryptocurrencies. All you need is to buy other cryptocurrencies and then exchange them for Odyssey tokens. This option is not available on all exchanges. 

For example, if you want to buy Odyssey using Bitcoin, look out for the pair labelled BTC/OCN, and this will exchange your Bitcoin with Odyssey tokens. 

Buying Odyssey using fiat currencies 

The other way for you to buy Odyssey is by using fiat currency and, in this case, the AUD. As mentioned earlier, before registering with an exchange, ensure that it supports AUD. 

To start buying Odyssey tokens, follow these simple steps: 

Step 1: Register with an exchange 

The first step you need to take is to register with an exchange account. Australia has several crypto exchange companies, and all you need to do is choose the company that best suits your needs and supports Odyssey and AUD. This step will require that you provide specific information to open the exchange account, including your name, telephone number, email address, and more. 

Because of compliance measures given to exchanges, you will also have to verify some details you have provided through basic KYC rules. To verify, you will need supporting documents such as a government-issued ID, proof of address, and others. 

When setting up the account, you need to set a strong password and multi-factor authentication to ensure that you keep your account safe from any third-party interference. 

Step 2: Fund your account 

The second step is to fund your account so that you can buy Odyssey tokens. To fund the account, link your bank account to the exchange, or you can also link your credit card or debit card. 

Step 3: Buy Odyssey

The third and most crucial step is to buy Odyssey now. Now that you have funded your account with either AUD or other cryptocurrencies, you can now exchange them for Odyssey tokens. 

If you want to buy using cryptocurrencies, select the pairs matched against the Odyssey tokens. These pairs will be listed as ETH/OCN, BTC/OCN, and others. To buy with AUD, you can select the pair written AUD/OCN. 

After selecting the pairs, you would like to exchange with, confirm your transaction, and an email will notify you that the transaction has been processed. 

buy Odyssey

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

How To Sell Odyssey (OCN)

After you have bought Odyssey tokens and want to sell them after some time, you can follow the same process as buying the tokens. 

Sign in to your exchange account and go to the sell section of the exchange. Afterwards, you can select the amount you want to sell and receive funds to exchange the tokens. 

If the exchange does not support the exchange of Odyssey to AUD directly, you can exchange the tokens for other cryptocurrencies to later sell for AUD. Once you have your funds back, you can later withdraw them from the exchange account. 

Which Wallets Can I Use To Hold Odyssey (OCN) Tokens? 

There are two ways you can hold crypto tokens. One of these wallets is the online wallet that will store your tokens online. Online wallets are also known as hot wallets, and they allow you to withdraw and sell your crypto whenever you want to. 

The other type of wallet is the cold wallet. A cold wallet allows you to hold your Odyssey tokens for a long time without selling them. Cold wallets are safe because they store your tokens offline on external devices such as a USB drive. 

How Odyssey (OCN) Works 

Like other cryptocurrencies, Odyssey is based on blockchain, giving it a decentralized feature that allows it to be bought and sold without an intermediary. 

Decentralization makes financial transactions more manageable, cheaper, and fast. 

Key Things To Consider Before Buying Odyssey (OCN) In Australia 

Some things you should consider before buying Odyssey in Australia include: 

Availability 

The first thing you need to consider is the availability of Odyssey tokens. You should select the tokens with a high supply circulation in the market because this will enable you to buy and sell at will. 

Usability 

The best tokens are those that serve purposes other than trading. Conduct research on whether Odyssey can support other DeFi projects because this will raise its future value. 

Volatility 

You also need to check the volatility of the token. Every cryptocurrency is very volatile because its prices will keep changing. You need to invest in Odyssey if you are aware of the high risk involved. 

eToro – Best Platform To Buy Cryptos 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.

FAQs 

Where can I buy Odyssey in Australia? 

The only place for you to buy Odyssey is from a cryptocurrency exchange 

Are Odyssey tokens volatile? 

Just like with the other cryptocurrencies, Odyssey tokens are highly volatile because their prices keep fluctuating. 

Can I buy Odyssey with a credit card? 

Yes, that is one of the options some exchanges will give you to fund your account.