Aptos (APT) is the 30th largest cryptocurrency by market cap, valued at US$6,396,145,575.
Aptos is a highly volatile asset capable of major price swings in a single day. Today APT is trading for $11.54 USD, which is higher than yesterday's trading price of $10.60 USD. Over the past year, Aptos's price has seen an increase of 47%.
So before you buy Aptos, make sure you understand these unique risks as well as its legal and tax status here in
Australia.
If you're ready to get started, read on for step-by-step instructions on how you can use to buy Aptos.
This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade or use any services.
How to buy Aptos in 5 steps
The whole process can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment.
Compare crypto exchanges
The easiest way to buy Aptos is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.
Create an account
To create an account on an exchange, you will need to verify your email address and identity. Have some photo ID and your phone ready.
Make a deposit
Once verified, you can deposit AUD using the payment method that best suits you – cryptocurrency, bank and card payments are widely accepted.
Buy Aptos
You can now exchange your funds for Aptos. On beginner-friendly exchanges, this is as simple as entering the AUD or APT amount you want to purchase and clicking "buy".
Secure your Aptos
Consider transferring your APT to a personal crypto wallet to protect against some of the risks of keeping it on an exchange, such as hacks, scams or platform bankruptcy.
Where to buy Aptos in
Australia
Find an exchange to buy, sell and trade APT by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the exchange.
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How we keep this Aptos guide up-to-date
APT price data is regularly updated through data feeds so you always have the latest information.
What is Aptos?
Aptos (APT) is a layer-1 blockchain launched on October 19, 2022 by a team that includes several former Meta developers who worked on Facebook's stablecoin project, Diem. Aptos Labs raised $400 million in VC funding from firms including FTX Ventures, Jump Crypto and Coinbase Ventures.
It is a proof-of-stake (PoS) chain built upon the Move programming language, designed for smart contract development. Move is also the programming language used by Diem, which after much hype, unraveled due to regulatory backlash.
The Aptos development team, many of whom were core developers on the Diem project, have been working on APT for around 4 years, intending to make crypto transactions faster and cheaper.
The Aptos blockchain promises to handle up to 160,000 transactions per second (TPS). However, at launch it came under immediate scrutiny after falling well short of this figure with claims that it only handled around 4TPS.
In addition, concerns have been raised regarding the project token distribution, with core contributors, the Aptos foundation and investors receiving a large sum (49%) of the total APT supply.
How do I find the best places to buy Aptos?
Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods. You can use our table to compare the features of popular cryptocurrency exchanges available in
Australia to help you choose the one that's right for you.
Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review page.
What will I need to buy Aptos?
To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it's a good idea to have those ready.
An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading Aptos.
This process is known as Know Your Customer (KYC) and usually requires photo ID and a webcam or smartphone. You may also need to prove your address by uploading a copy of a recent bank statement or utility bill.
Some exchanges allow you to deposit and trade cryptocurrencies without passing KYC, but they will not allow you to transfer local currency from your bank account. So if you are planning on purchasing APT with your local currency then you will need to pass KYC.
Once you have verified your identity, it is a good idea to enable 2-factor authentication (2FA) before depositing any funds. This will increase the security of your account and help keep your funds safe.
What are the best ways to buy Aptos?
Once you've created an account, you will need to deposit funds to buy APT with. You can either deposit local currency from a bank account or credit card, or transfer cryptocurrency from another exchange or wallet. Here are some popular ways to buy APT:
Bank account: Transfers from local bank accounts are usually free, but you will need to double-check this with the exchange you choose – this information can be found in our table by clicking on 'view details'.
Credit or debit card: Linking a card to your account is another convenient way to top up your account, but be aware that it usually attracts an additional fee. An advantage, though, is that you can use a card to make instant purchases or set up a recurring purchase.
Cryptocurrency: You can usually purchase APT by trading it for another cryptocurrency like Bitcoin or a stablecoin. This varies between exchanges though, so you will need to search for APT on the spot market to see what cryptocurrencies it can be traded for.
What is the easiest way to buy Aptos?
The easiest way to buy APT is by placing an 'instant buy' order to purchase it for a fixed price but not all crypto exchanges offer this feature.
Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more expensive than using the spot market.
Before buying APT, you may want to check the market conditions. To help you decide if now is the right time to buy, you can take a look at our all-time high tool to get an idea of how the price of Aptos has been performing recently.
Best Aptos wallets to store your APT
You can keep your APT on the exchange you purchased it on, or move it to a personal wallet:
Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your APT below.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.
Is Aptos a good investment?
Aptos has large goals and aims to be at the forefront of the layer-1 blockchain race, competing with the likes of Ethereum and Solana.
"Committed to developing products and applications on the Aptos blockchain that redefine the Web3 user experience." - Aptos Labs
While the technology and transaction processing speed sound promising, concerns have already been raised around factors including project tokenomics, value proposition and competition. Other things to consider before you invest in APT include:
Token allocation. 130 million of the total 1 billion APT supply have been released upon its exchange listing - 13% of the total supply. This number is typical of new project launches, generally accompanied by VC vesting schedules and incentivized token distribution for validators.
Although the distribution schedule for core contributors and investors is outlined in its tokenomics overview and includes no APT unlocks for the first 12 months, the fact that a small group holds a substantial quantity of tokens worth considering - especially in crypto where the market relies on decentralization and transparency.
Market value. APT opened trading at about US$8.50 with a total market cap of nearly US$1 billion. This listing price may be interpreted as a high valuation for an unproven project. Aptos' initial valuation is likely largely due to the project's founders and their recognition as experienced project leads at Facebook and Diem. While this may seem like an overvalued listing price, having a trusted name attached to a project has worked favorably for other cryptocurrencies, including Polkadot and Cardano. Both of which gained instant traction due to their creators being recognized industry experts and co-founders of Ethereum.
Competitor projects. Aptos is competing for market share with the likes of Ethereum, Solana and Polkadot. These projects have been around far longer and are more battle-tested cryptos, with ecosystems of dApps already built upon their blockchains. If Aptos is unable to prove itself as an improved layer-1 chain, there is no reason for dApps to switch to its network or for new projects to choose it as a preferred development platform.
Today's Aptos price versus ATH
Compare today's price of Aptos ($11.54 USD) against its all-time-high price of $19.92 USD on 26 January 2023. The closer the bar is to 100%, the closer APT is to reaching its ATH again.
Aptos's price: $11.54 USD ATH date: January 26, 2023
57.93%
Aptos ATH: $19.92 USD
How to trade, convert or sell Aptos
You can convert or sell your APT with the same exchange you bought it through:
Disclaimer: Cryptocurrencies, including Aptos, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of APT is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Aptos or any other cryptocurrency discussed.
This guide provides step-by-step instructions on how to buy Bitcoin Cash, lists some exchanges where you can get it and provides daily price data on BCH.
Learn how to buy Litecoin in Australia with our simple step-by-step guide and tips on what to know before you get started.
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