Last update: Jun 6, 2022

How to Buy Auction (AUCTION)

Marco velaAuthor: Marco Vela - Fact-checked ✓

So you’re looking for a guide on how to buy Auction. Depending on where you’re located, you’ll have various crypto trading platforms to choose from.

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

Let’s get started!

Auction

How to Buy Auction – 4 Easy Steps

1. Choose a crypto 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 Auction 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 Auction

Now that you have what you need to buy Auction, head over to the market or buy section of the cryptocurrency exchange and buy some AUCTION.

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

Where to Buy Auction (AUCTION)

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 Auction

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

 

Crypto trading

How to Buy Auction (AUCTION) 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 Auction 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 Auction if it’s available. If the exchange doesn’t have Auction. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Auction), and trade your ETH for Auction.

Or, if you’d like to know more about which exchanges we recommend, look at our list of the most reliable Australian crypto exchanges.

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 Auction (AUCTION) 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 Auction in Canada, the process remains the same:

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

It’s also possible to take a look at our analysis of the top 10 crypto exchanges in Canada if you’re interested in learning more about which exchanges we would recommend.

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 Auction (AUCTION) 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 Auction in the UK, the process remains the same:

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

It’s also possible to check out our comparison of the best crypto trading platforms in the UK if you’re looking to learn more about which ones 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 Auction? AUCTION Rundown

Bounce is a decentralized platform for auctions that incorporate liquidity mining, decentralized governance, and stake mechanisms. Bounce's first principle is scarcity, which creates a favorable swap environment.

Uniswap is where all liquidity is available and the idea of swap was born. This is a wonderful concept, but Bounce focuses on the opposite.

Bounce creates a competitive market for tokens and other assets, with a small supply. You can auction the assets in many ways.

Token sales There are many auctions that offer limited quantities of tokens. They use different auction principles and time limits.

For example, fixed price (fixed swap auction), decreasing prices (Dutch auction), or hidden price [sealed bid auction]. NFT auctions NFT's are sold using the same auction principles as token sales. There are usually fewer NFT's or a smaller number of unique pieces available for sale.

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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.