Last update: Jun 6, 2022

How to Buy Syscoin (SYS)

Marco velaAuthor: Marco Vela - Fact-checked ✓

So you’re looking for a guide on how to buy Syscoin. Depending on where you’re based, you’ll have different trading platforms 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!

Syscoin

How to Buy Syscoin – 4 Easy Steps

1. Choose a crypto exchange

Finding a crypto 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 Syscoin 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 trading platforms.

4. Buy Syscoin

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

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

Where to Buy Syscoin (SYS)

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 Syscoin

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

 

Crypto trading

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

It’s also possible to check out our comparison of the safest crypto exchanges in Australia If you’re interested in learning more about which 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 Syscoin (SYS) 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 Syscoin 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 Syscoin if it’s available. If the exchange doesn’t have Syscoin. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Syscoin), and trade your ETH for Syscoin.

Alternatively, if you want to learn more about the exchanges we prefer, read our list of the best cryptocurrency trading platforms 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 Syscoin (SYS) 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 Syscoin 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 Syscoin if it’s available. If the exchange doesn’t have Syscoin. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Syscoin), and trade your ETH for Syscoin.

Or, if you’d like to know more about the exchanges we prefer, read our comparison of the best bitcoin trading platforms 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 Syscoin? SYS Rundown

Syscoin, a smart contract platform, supports a cutting-edge Web 3.0 ecosystem that offers ultra-low fees and decentralized Layer-1 security. Layer-2 scalability allows for economies of scale through Rollups. Syscoin supports smart contracts in Metaverse, IoT and Smart Cities as well as future interplanetary economies. Syscoin's roadmap also includes ZK-Rollups and Optimistic Rolleups as well as Validium and DAOSYS, which are new types of DAOs that aim to provide self-sovereignty and governance-free treasury management.

Syscoin is a smart contract and rollup platform that secures transactions using Bitcoin's Proof of Work as well as the network of miners via merged-mining. Syscoin provides Finality through chainlocks, which are served with quorums incentivized full-nodes (masternodes). Finality allows for safer Defi. It eliminates the risk of 51% attacks, long-range miner extractable values (MEV attacks), that Ethereum is still susceptible to. While retaining the proven Nakamoto consensus, and Proof of Work, this Finality makes it more secure.

Syscoin is a dual chain architecture that uses a rollup-centric design. This consists an Ethereum-based blockchain called Network Enhanced Virtual Machine, (NEVM), which was released December 6, 2021. It is 100% compatible to any smart contracts and Rollups made for Ethereum. Syscoin Core, or Syscoin Main is the other blockchain. It is a Bitcoin-based cryptocurrency with an asset layer that supports both non-fungible tokens and Fungible tokens. Taproot and a proprietary DAG protocol called ZDAG are some of the other features. Syscoin allows developers and users to draw on the strengths of each model, and Syscoin can create new synergies where necessary. Both blockchains use the same native coin SYS, which is based upon EIP-1559. Syscoin Bridge, which is trustless and permissionless, allows SYS owners to transfer SYS between the chains using a 2-way peg mechanism.

This project has a broad scope and provides innovative solutions to many industry-wide problems, including regulatory compliance. Syscoin offers Notary, an opt in solution for compliance that allows enterprises to use Syscoin's public Blockchain for tokens. It also ensures regulatory compliance for individual transactions and asset owners maintain self-custody. This technical foundation is necessary for the future where securities and stocks may participate in Defi on public blockchains alongside other tokens.

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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.