Last update: Jun 6, 2022

How to Buy Threshold Network Token (T)

Marco velaAuthor: Marco Vela - Fact-checked ✓

So you’re looking for a guide on how to buy Threshold Network Token. Depending on your country, you’ll have a few crypto exchanges to choose from.

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

Let’s get started!

Threshold network token

How to Buy Threshold Network Token – 4 Easy Steps

1. Choose a cryptocurrency 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 Threshold Network Token of course.

2. Sign up with the crypto 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 Threshold Network Token

Now that you have what you need to buy Threshold Network Token, head over to the market or buy section of the crypto trading platform and buy some T.

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

Where to Buy Threshold Network Token (T)

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 Threshold Network Token

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

 

Crypto trading

How to Buy Threshold Network Token (T) 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 Threshold Network Token in Australia, the process remains the same:

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

Alternatively, if you want to know more about which exchanges we recommend, look at our list of the best places to buy bitcoin in Australia.

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

It’s also possible to check out our comparison of the safest crypto exchanges in Canada if you’re looking to learn more about which exchanges we like.

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

You can also take a look at our analysis of the best sites to buy bitcoin in the UK If you’re curious to know more about the exchanges 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 Threshold Network Token? T Rundown

In January 2022, the Threshold Network (T), was created as the result of an on-chain merger between two decentralized networks, NuCypher and Keep Network. The Threshold network was created to ensure user sovereignty over their digital assets. This includes simple wallets and crypto as well as company information found in smart contracts and decentralized apps (DApps). Non-fungible tokens, NFTs, and other digital assets. It was also created to address privacy and data concerns due to hacks of blockchains and decentralized digital finance industry becoming more mainstream, as evidenced by India and Russia's decision to tax digital assets. The Threshold network is composed of two elements.

From the Keep Network. The Threshold Network's structural elements are taken from Keep Network. Keep Network uses off-chain containers for private data storage, encryption, and transmission. These containers, known as "keeps", are available to developers smart contracts and do not compromise user privacy or network transparency. This technology was previously tested and showed positive results when it was used to connect tBTC to Ethereum.

The NuCypher Privacy Tools: NuCypher's privacy and security tools are what run on top of "keeps." They include NuCypher’s management of secret information or sensitive data. This allows it to process the data and encrypt it without ever disclosing it. If there is any suspicious activity, the network can grant or revoke access to sensitive data. The Threshold Network also makes use of NuCypher’s Proxy encryption tools that can securely and safely delegate encryption rights.

The Threshold Network's most important feature is its determination not to be centralized and community-driven. It will do this by launching the Threshold decentralized autonomy organization (DAO). This will include members from both NuCypher and Keep networks. Thus, it will import a knowledgeable and active community right away. The DAO's launch was an affirmation of its desire to keep decentralized decision-making. It was approved through a vote process.

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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.