How to buy Floki Inu in Australia

How Tos

Quick-Take: The best exchange for AUD deposits and Aussie customers to trade Floki Inu is Gate.io.

By 
James O'Connell
 on  
May 22, 2022
Verified Author

Australian meme coin investors cannot buy Floki Inu (FLOKI) from local Australian exchanges because none of them list the token. This is largely due to regulatory reasons and the risks to the CoinSpot company for listing a potential security token.

That said, you will need to use an off-shore exchange like Gate.io that is available to use for Australian citizens. They offer Floki Inu, SAITAMA Inu and 700 other tokens for low fees.

Table of Contents

How to buy Floki Inu in Australia

The safest and fastest way to buy Floki Inu as an Australian investor is through Gate.io. They are a cryptocurrency exchange based in the Cayman Islands that lets you sign up with no verification or KYC.

Their platform offers over 400 different cryptocurrencies and is considered safe by the cryptocurrency community given their high volumes and user base.

Follow the guide below to get started.

  1. Sign up to CoinSpot and buy Tether (USDT).
  2. Sign up to Gate.io.
  3. Withdraw the USDT to your Gate.io account.
  4. Visit the Floki Inu trading page
  5. Swap USDT for FLOKI tokens

Floki Inu Trading Page on Gate.io

Can I buy Floki Inu from an Australian Exchange?

The most popular cryptocurrency exchanges like CoinSpot and Independent Reserve do not offer the newer meme coins like Floki Inu.

The reason they are not available on these platforms is because the teams behind these community meme coins are generally anonymous, which creates some regulatory risk for Aussie exchanges.

Is Gate.io Safe to buy FLOKI?

Yes Gate.io is a safe and reliable cryptocurrency exchange that has been in operation since 2017. Their platform is widely regarded as a safe alternative for people who do not want to verify or KYC to trade cryptocurrency.

If you're still not confident in the platform, you can buy FLOKI and immediately withdraw it to an ERC-20 wallet like Metamask or a hardware wallet to hedge any potential exchange risk.

Should I buy Floki Inu?

Floki Inu has grown to become one of the most popular meme coins and has taken a lot of attention away from Shiba Inu and Dogecoin over the past year. With that said, it has had an incredible run up having nearly 100x in price in 2021.

This means there are definitely some diminishing returns for investors looking to allocate capital to FLOKI.

Buy Floki Inu

Author Bio

James O'Connell has been writing about traditional markets for over 5 years. He pivoted to writing about digital assets after learning about lending protocols like AAVE and Compound.

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