Last update: Jun 6, 2022

How to Buy Status (SNT)

Marco velaAuthor: Marco Vela - Fact-checked ✓

So you’re looking for a guide on how to buy Status. Depending on where you’re located, you’ll have a few crypto exchanges 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!

Status

How to Buy Status – 4 Easy Steps

1. Choose a cryptocurrency exchange

Finding a 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 Status 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 crypto trading platforms.

4. Buy Status

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

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

Where to Buy Status (SNT)

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 Status

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

 

Crypto trading

How to Buy Status (SNT) 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 Status in Australia, the process remains the same:

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

You can also check out our comparison of the top 10 crypto exchanges in Australia if you’re looking to learn more about which exchanges we prefer.

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

It’s also possible to check out our comparison of the top rated Canadian crypto exchanges if you’re curious to know more about which ones 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 Status (SNT) 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 Status 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 Status if it’s available. If the exchange doesn’t have Status. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Status), and trade your ETH for Status.

If you’d like to know more about which exchanges we recommend, look at our comparison of the top crypto exchanges in the UK.

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 Status? SNT Rundown

Status can be described as both a desktop and mobile operating system, and a decentralized browser with a messaging system. Status lets you interact with any network from anywhere, at any time. It was released originally in June 2017.

It is a lightweight Ethereum client that allows you to access all Ethereum decentralized apps (also known as DApps) via an app installed on your smartphone or tablet. Users can use this app to send encrypted messages and access decentralized apps, such as a cryptocurrency wallet.

Status (or SNT) is an open-source messaging platform that can also be used as a mobile interface. It allows users to interact directly with DApps that run on the Ethereum blockchain. Users receive over 2,000 DApps in return. They can send and get encrypted messages on a peer to peer basis, and can make payments and use smart contracts.

Status Network Tokens (or SNT) are the currency used by the network. Status's goal is to speed up and make it easier for Ethereum DApps to be adopted.

There is also a users-as-stakeholders network that allows the behavior of the network and its software to become aligned with the interests of a specific user. Researchers conduct research on crypto economic models, and peer to peer technologies can help ensure a healthy Status Network.

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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.