How to Buy Odyssey in Australia

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

Last Updated July 23rd 2021
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.  

What’s in This Guide? 

With this guide, any crypto investor who wants to buy Odyssey will know how to start, sell, and store Odyssey tokens in Australia. The guide is well-detailed to ensure that even a beginner can understand all the steps involved. 

However, if you are unsure of investing in crypto, you need to first consult with a financial advisor to understand all the stakes involved. To begin with, investing in cryptocurrencies is very risky, and sometimes traders lose their money. 

  1. QUICK GUIDE: HOW TO BUY ODYSSEY IN AUSTRALIA
  2. Where to Buy Odyssey in Australia
  3. A Step-by-step Guide to Buying Odyssey in Australia
  4. How to Sell Odyssey
  5. Which Wallets can I Use to Hold Odyssey Tokens?
  6. How Odyssey Works
  7. Key Things to Consider Before Buying Odyssey in Australia
  8. FAQs 

QUICK GUIDE: HOW TO BUY ODYSSEY IN AUSTRALIA

  1. Open an account with a cryptocurrency exchange
  2. Verify your account
  3. Go to the deposit section
  4. Go to the platform and select Odyssey
  5. Enter how many Odyssey tokens you want to buy
  6. Check the details and confirm your purchase

Where to Buy Odyssey in Australia 

If you want to buy Odyssey in Australia, the only place to do it is through a crypto exchange. There are several crypto exchanges in the country, and you research the ones that support Odyssey and AUD. 

A Step-by-step Guide to Buying Odyssey 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. 

How to Sell Odyssey

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 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 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 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. 

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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. 

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