Last update: Jun 6, 2022

How to Buy Auto (AUTO)

So you’re looking for a guide on how to buy Auto. Depending on where you live, you’ll have various crypto exchanges to choose from.

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

Let’s get started!

How to Buy Auto – 4 Easy Steps

1. Choose a cryptocurrency exchange

Finding a crypto exchange 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 Auto 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 cryptocurrency exchanges.

4. Buy Auto

Now that you have what you need to buy Auto, head over to the market or buy section of the cryptocurrency trading platform and buy some AUTO.

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

Where to Buy Auto (AUTO)

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

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 Auto

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

 

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

Also, check out our comparison of the top 10 crypto exchanges in Australia for those looking to learn more about which exchanges we prefer.

How to Buy Auto (AUTO) 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 Auto in Canada, the process remains the same:

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

If you’d like to know more about which exchanges we like, check our comparison of the most popular crypto exchanges in Canada.

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

Or, if you’d like to know more about the exchanges we recommend, look at our list of the best cryptocurrency brokers in the UK.

Considering buying Auto? AUTO Rundown

AUTO is the native utility, governance token and to the Autofarm Protocol. It was launched on December 20, 2020 on the Binance Smart Chain ( BSC). Autofarm allows users to receive a high return from yield farming pools through staking in Autofarm vaults.

Autofarm is aiming to be a leader in DEX and yield aggregation on Binance Smart Chain (BSC). By integrating yield optimization and AMM as one product, users can have two products on one platform. This solves the problem of having to register on multiple protocols.

In February 2021, Autofarm launched its first crosschain vault on Huobi ECO Chain. Autofarm grew its ecosystem by purchasing Farmfol.io, an intelligent portfolio manager that simplifies how users track and monitor their assets on Binance Smart chain.

AUTO tokens can be used to vote on proposals and receive fees from the protocol. AUTO initiated a community-fair-launched token distribution by ensuring that only vault users will have an opportunity to participate in the AUTO token vault mining programme.

Autofarm is different from other yield farm projects such as Beefy. It claims to have the lowest fees on the market. Autofarm has cross-chain capabilities. It started out on the BSC, then expanded to the Huobi ECO Chain and HECO. There are plans for more cross-chain products.

Auto offers two main products: Vaults, and AutoSwap.

• Vaults is an yield farming platform which compounds yields at optimal intervals. It also offers excellent yield optimization strategies. Vaults are a socialization tool that automates the compounding and yield generation process.
• AutoSwap, a DEX aggregater, provides the best DEX trade prices. To ensure that trades are priced at the highest value and have the lowest slippage, it splits them across multiple DEXes.
  End users don't need to know all the details of the underlying protocols or DeFi. Vaults are a passive investment strategy that is similar to a crypto hedge funds. It aims to increase users' deposited assets.

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