Last update: Jun 6, 2022

How to Buy Stacks (STX)

Marco velaAuthor: Marco Vela - Fact-checked ✓

So you’re looking for a guide on how to buy Stacks. Depending on where you’re located, you’ll have different 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!

Stacks

How to Buy Stacks – 4 Easy Steps

1. Choose a crypto 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 Stacks 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 Stacks

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

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

Where to Buy Stacks (STX)

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 Stacks

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

 

Crypto trading

How to Buy Stacks (STX) 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 Stacks in Australia, the process remains the same:

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

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

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 Stacks (STX) 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 Stacks in Canada, the process remains the same:

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

It’s also possible to take a look at our analysis of the cryptocurrency brokers in Canada if you’re interested in learning more about which exchanges we prefer.

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 Stacks (STX) 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 Stacks in the UK, the process remains the same:

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

Also, take a look at our analysis of the UK crypto exchange reviews if you’re interested in learning more about which ones we like.

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 Stacks? STX Rundown

Stacks, a layer-1 blockchain solution, is designed to bring decentralized applications and smart contracts ( DApps ) to Bitcoin. These smart contracts can be added to Bitcoin without affecting its security or stability.

These DApps can be built on top of one another's apps, allowing developers to create features that are not possible with regular apps. Stacks relies on Bitcoin to be its base layer. This means that everything on the network is settled using the most popular and arguably the most secure Blockchain.

The Stacks token (STX) powers the platform. It is used to fuel smart contracts execution, process transactions, and register new digital assets on the Stacks2.0 blockchain.

The original name of the platform was Blockstack. However, it was rebranded as Stacks in Q42020 to distinguish the ecosystem and open-source project from Blockstack PBC -- the company that created the original protocols.

The January 2021 launch of Stacks 2.0's mainnet was successful.

Stacks aims to take the best parts of Bitcoin and add additional functionality to it without having to fork or alter the original Bitcoin blockchain.

This is done by connecting directly to the Bitcoin blockchain via its proof-oftransfer (PoX), consensus mechanism. Miners pay in Bitcoin to create new Stacks tokens (STX). STX token holders have the option to stack ( stake ), their tokens, and earn Bitcoin as a reward.

Clarity is a new smart contract programming language from Stacks. It's simple syntax makes it both secure and easy for developers to use. This smart contract-centric programming languages is also used by the Algorand blockchain.

Stacks was also the first cryptocurrency to be granted SEC certification for a sale in the United States. This allowed it to launch a $28 Million Reg A+ cash sale for its STX tokens, in July 2019.

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.