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AMP Price

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About AMP (AMP)

Acting as a collateral token to decentralised risk in digital asset transactions, AMP reduces counterparty costs by reducing the amount of processing time that is typical with payment transactions. Hosted on the Solana network, AMP tokens can serve as collateral conditionally without the need to transfer tokens to another smart contract. The protocol can accomplish this type of collateral functionality through the use of partitions. Additionally, if Bitcoin or Ethereum payments do not go through because of long transaction wait times or unconfirmed transactions, the AMP token is used as collateral that can be liquidated. 

AMP was created by Flexa and still serves as the collateral choice of the Flexa app. Over 40,000 retailers across Canada and the United States of America use Flexa as a mechanism for digital asset payment. For those vendors, AMP offers the ease of mind that they don’t have to be delayed waiting for a digital asset transaction to validate before moving on to the next client. Furthermore, holding AMP results in an interest rate of 2% per year.


How to Buy AMP (AMP) in Australia

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Where is the best place to buy AMP?

The best place to buy AMP is right here at Swyftx! Swyftx offers a fast, secure, and user-friendly platform that allows traders to easily deposit Australian dollars to trade AMP and other cryptocurrencies instantly. We offer competitive fees and excellent customer support and we are proud to be Australia's highest-rated crypto exchange as per our Trust Pilot Reviews.

How is the price of AMP determined?

The price of AMP is determined by the forces of supply and demand in the market. Similar to other assets, the price of AMP is determined by the number of buyers and sellers in the market at any given time.

Some significant factors that can influence the demand for AMP are adoption rates, Macro economic factors, News events, upgrades and advancements in its tech and investor sentiment.

Can I buy AMP with credit card?

Swyftx does not allow you to directly buy AMP with credit card, however, we do support credit and debit card deposits. Once your deposit has arrived in your account, you can then buy AMP instantly.

Top Traded Assets on Swyftx

By number of orders

0.0% Buy
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Period: Last 24 hours (AUD)

AMP Buys and Sells

By number of orders

66% Buy

Period: Last 24 hours

This should not be used to make investment decisions.

Disclaimer: The information is for general information purposes only and should not be taken as investment advice, personal recommendation, or an offer of, or solicitation to, buy or sell any assets. It has been prepared without regard to any particular investment objectives or financial situation and does not purport to cover any legal or regulatory requirements. Customers are encouraged to do their own independent research and seek professional advice. Swyftx makes no representation and assumes no liability as to the accuracy or completeness of the content. Any references to past performance are not, and should not be taken as a reliable indicator of future results. Make sure you understand the risks involved in trading before committing any capital. Never risk more than you are prepared to lose. Consider our Terms of Use and Risk Disclosure Statement for more.