Last update: Jun 6, 2022

How to Buy Acala Token (ACA)

Marco velaAuthor: Marco Vela - Fact-checked ✓

So you’re looking for a guide on how to buy Acala Token. Depending on where you’re based, you’ll have a few exchanges to choose from.

In this guide, we not only cover the top 3 global crypto exchanges, but also the best exchanges for Australia, Canada, and the UK.

Let’s get started!

Acala token

How to Buy Acala Token – 4 Easy Steps

1. Choose a cryptocurrency exchange

Finding a cryptocurrency trading platform isn’t that hard. There are plenty of big players out there that have been around for quite some time.

This is where our comparison tables can help. The important factors to look for are fees, security, and if they have Acala Token of course.

2. Sign up with the cryptocurrency exchange

Signing up with any of the major exchanges is generally very easy. The initial sign up should be very fast, and even the verification processes are very well set up these days.

3. Fund your account

Next, you would need to fund your account with either fiat money (USD, AUD, GBP, CAD, etc) or another cryptocurrency like BTC or ETH. This process should again be straightforward and easily done using one of the bigger trading platforms.

4. Buy Acala Token

Now that you have what you need to buy Acala Token, head over to the market or buy section of the crypto exchange and buy some ACA.

If the crypto exchange doesn’t have any Acala Token on offer, for most cryptocurrencies you can buy Ethereum instead, transfer it to a decentralized exchange like Uniswap (check if Uniswap has Acala Token first), and trade your Ethereum for Acala Token.

Where to Buy Acala Token (ACA)

These are our top 3 exchanges based on the number of cryptocurrencies on offer, security, ease of use, and fees.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
BinanceUSD, AUD, EUR, GBP, CAD, CNY, and many more.350+Credit card, Cryptocurrency, Debit card, and moreVisit Binance
FtxUSD, EUR, GBP, AUD, HKD, CAD, CHF, BRL250+Wire transfer, Credit card, Silvergate Exchange Network, SIGNETVisit FTX
Etoro logoUSD, GBP, AUD, EUR, and more50+credit card, skrill, paypal, bank transfer, and moreVisit eToro
Disclaimer: Cryptocurrencies are volatile and may involve a lot of risk. Their performance is very unpredictable and past performance is no guarantee of future performance. Consult a financial advisor or obtain your own advice independent of this site before relying and acting on the information provided.

How to Sell Acala Token

  1. Sign into the crypto trading platform where you bought Acala Token.
  2. Move your Acala Token to the right place on the exchange. Some exchanges have trading accounts you need to use for buying and selling.
  3. Sell Acala Token.

 

Crypto trading

How to Buy Acala Token (ACA) in Australia

Looking at Australian crypto exchanges, it's always good to check if the exchange is registrered with AUSTRAC (Australian Transaction Reports and Analysis Centre). In addition, it would be handy if the exchange has integrated with POLi pay and PayID for instant AUD deposits.

If you’re looking to buy Acala Token in Australia, the process remains the same:

  1. Find a crypto trading platform below.
  2. Sign up for an account.
  3. Fund your account with AUD.
  4. Buy Acala Token if it’s available. If the exchange doesn’t have Acala Token. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Acala Token), and trade your ETH for Acala Token.

If you’d like to know more about which exchanges we prefer, read our list of the easiest crypto exchanges in Australia.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Swyftx logoAUD, NZD300+bank transfer, POLi pay, PayID, credit cardVisit Swyftx
Binance logoUSD, AUD, EUR, GBP, CAD, CNY, and many more.350+Credit card, Cryptocurrency, Debit card, and moreVisit Binance
Ftx logoUSD, EUR, GBP, AUD, HKD, CAD, CHF, BRL250+Wire transfer, Credit card, Silvergate Exchange Network, SIGNETVisit FTX

How to Buy Acala Token (ACA) in Canada

When researching Canadian crypto exchanges, make sure they're registered with FinTRAC (Financial Transactions and Reports Analysis Centre of Canada) and ideally support Interac e-Transfer (in addition to wire transfer and maybe credit cards) for smooth CAD deposits.

If you’re looking to buy Acala Token in Canada, the process remains the same:

  1. Find a crypto trading platform below.
  2. Sign up for an account.
  3. Fund your account with CAD.
  4. Buy Acala Token if it’s available. If the exchange doesn’t have Acala Token. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Acala Token), and trade your ETH for Acala Token.

Or, if you’d like to know more about the exchanges we prefer, read our list of the most secure crypto exchanges in Canada.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Bitbuy logoCAD15+Wire transfer, Interac e-TransferVisit Bitbuy
Coinberry logoCADBitcoin, Ethereum, Litecoin, BCH, XLMInterac e-Transfer, Wire transfer, Credit card, Debit cardVisit Coinberry
Ndax logoCADBitcoin, Ethereum, Litecoin, and 4 morewire transfer, Interac e-Transfer, Bank draftVisit ndax

How to Buy Acala Token (ACA) in the UK

We recommend only looking at UK cryptocurrency exchanges that are registered with the FCA (Financial Conduct Authority). As for GBP deposit methods, the top exchanges should support FPS transfers (Faster Payments Service) and ideally credit/debit cards.

If you’re looking to buy Acala Token in the UK, the process remains the same:

  1. Find a cryptocurrency trading platform below.
  2. Sign up for an account.
  3. Fund your account with GBP.
  4. Buy Acala Token if it’s available. If the exchange doesn’t have Acala Token. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Acala Token), and trade your ETH for Acala Token.

It’s also possible to take a look at our analysis of the cheapest crypto exchanges in the UK for those looking to learn more about the exchanges we prefer.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Cex logoGBP, USD, EUR10+Bank transfer, credit card, debit cardVisit CEX
Coinjar logoGBP50+Bank Transfer (FPS), Visa, MastercardVisit Coinjar
Coinbase logoUSD, GBP, EUR150+Bank transfer (FPS), credit/debit cardVisit Coinbase

Cryptocurrency trading

Considering buying Acala Token? ACA Rundown

Acala, a decentralized financial network that offers a single platform, a secure blockchain platform, and a suite cross-chain financial apps. It lets users trade on Acala Swap (aUSD), issue self-serviced loans using the Acala Dollar stablecoin, become liquidity providers, have access to staking derivatives (LDOT), as well as earn high-interest APY for their digital assets.

The network is designed for DeFi and is extensible, Ethereum-compatible, optimized for DeFi. Acala was awarded an grant for the first time from Compound. The network will be connected to Ethereum, Bitcoin and other networks, such as Compound Gateway.

Acala has teamed up with US fintech company Current to create hybrid crypto-fintech products to increase DeFi yield for Current's three millions U.S. customers. You can test Acala's Apps today.

Acala was established in October 2019, has five Web3 Foundation grants and is supported by Pantera Capital and Polychain Capital. Acala also has a distributed team in New Zealand and South America.

The network's decentralization is managed entirely by Acala Token, (ACA), which serves as the utility token to operate it.

Related:

author Marco Vela

A crypto obssessed digital marketer passionate about making a difference in the world. When he's not behind the computer he can be found hiking, camping and relaxing with his dog.