How To Buy SushiSwap (SUSHI) In Australia

Last Updated April 26th 2024

5 Min Read

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

If you’re based in Australia and wish to buy SUSHI – the process is very straightforward. All you need to do is find a regulated exchange, deposit some funds, and decide how many SUSHI tokens you want to buy.

SushiSwap cryptocurrency is natively known as SUSHI. SushiSwap is an automated money maker and a decentralized and open-source digital currency. SushiSwap was established to operate without the involvement of any intermediaries. Operating based on the DeFi protocol, SushiSwap crypto facilitates a fast and secure transaction.

What’s in This Guide?

The following guide is prepared to help you buy your SushiSwap tokens when you are ready to enter the crypto market. The guide features basic information cultured in simple terms to be comprehensive even to a beginner who has no prior knowledge or insight about this market. Nonetheless, the guide does not instruct the investor on what to buy or how the market will turn. Instead, this guide only serves as an instruction manual to lead you through the execution part of the journey, including where to buy, how to buy, how to sell and how to store. The guide also goes further to show you some of the important factors you must consider before starting on your journey in this investment arena.

How To Buy SushiSwap In Australia – Quick Guide

To help you buy SushiSwap 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 SushiSwap on eToro – Search for SUSHI or SushiSwap in the eToro crypto market.
Step 5: Buy SUSHI – Enter the amount of the worth of SushiSwap 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 SushiSwap 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 SushiSwap Tokens

The safest, most reliable and convenient place to buy SushiSwap tokens is over the exchange account. As such, before you can start on this journey, you must first open an exchange account. Signing up for an account is not hard and requires very little information from the investor. Some of the details that you will be required include your name, contact number and email address. You will also have to verify your identity and location to comply with the KYC rules that govern the exchange account. Verification requires a government-issued identity card and proof of address documents such as a utility bill or any other supporting document that can serve the same purpose.

When you are done with the registration process, ensure to set a strong password. Noteworthy is that your selected account must support your expected transactions. For this case, it must support both SushiSwap and AUD currency.

List of the best Exchanges to buy SushiSwap (SUSHI) in Australia:

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

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

A Step-by-step Guide to Buying SushiSwap in Australia

The following is a step by step guide designed and customized to help beginners and armatures alike to buy SushiSwap tokens in Australia. Two approaches can be used to buy SushiSwap tokens. These include:

Buying SushiSwap with other cryptocurrencies

The first option involves using other currencies to buy your SushiSwap tokens. If you do not own any cryptocurrencies, you must first buy them before you can start buying SushiSwap tokens. Some of the cryptocurrencies you can use to buy SushiSwap coins include Bitcoin, Ethereum, Ethereum Classic, or Bitcoin Cash. In this case, select the pair that matches what you want to trade for what you want to buy. For instance, to use Ethereum to buy SushiSwap, select ETH/SUSHI.

Buying SushiSwap with fiat currency

The second option includes using fiat currency to buy SushiSwap coins. In this option, you will have to deposit AUD into your exchange account and later use the AUD to buy the number of tokens you want to buy. As part of the buying process, all you have to do is specify the AUD you want to use to buy the SushiSwap tokens.

Follow the following steps to start buying SushiSwap coins in Australia:

Step 1: Register an account

The first step in this endeavor is to register for an account. The registration process is easy and requires a few details, including your name, contact number and email address. It would help if you also verified your identity and later set a very strong password so that your account will be safe from unauthorized access.

Step 2: Deposit funds into the account

After the registration step, you have to deposit funds into the account that will then be used to buy the SushiSwap tokens. You can either deposit the funds by linking your credit card to the exchange account or your debit card. Alternatively, you can choose to link your bank account to the exchange directly and initialize a direct transfer from the bank into the exchange account.

Step 3: Buy SushiSwap tokens

The process of buying the SUSHISWAP coins is easy, only requiring that you go to the buy section of the account and enter the number of tokens you wish to buy. Next, confirm that you wish to proceed with the order, after which an email will be sent to confirm that the transaction has started.

Don't Miss: How To Make (Or Lose) Money With SushiSwap (SUSHI)?

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

How To Sell SushiSwap

Selling SushiSwap tokens is just as easy a process as it is to buy. To sell, go to the sell section of the account and enter the amount of SushiSwap coins you wish to sell. Confirm your details, and the transaction will be completed with the prevailing rates.

You can sell the SushiSwap tokens for AUD or exchange them for other cryptocurrencies and sell them for AUD. The AUD can be withdrawn directly from the exchange account.

Which Wallets Can I Use To Hold SushiSwap Tokens?

You can either use a hot wallet or a cold wallet. Cold wallets store the tokens offline using external hardware devices such as a USB drive. Such wallets are a preferred alternative for investors that would rather store their coins for some time. Hot wallets, on the other hand, store tokens online using apps. Such wallets allow for easy retrieval and are therefore a preferred option for investors that actively transact.

How SushiSwap Tokens Work

SushiSwap tokens work based on a decentralized finance mode. As such, there is no need to involve an intermediary to facilitate the transaction. Such a working mechanism make the process safe, fast and cheap compared to how it would have been if an intermediary would be involved.