Buy Benqi (QI)


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What is Benqi (QI)?

BENQI is a highly scalable and decentralised ecosystem built to alleviate the traditional issues faced by startup and no-frill DeFi companies that lack significant capital resources. Instead, BENQI provides a Liquidity Market Protocol that is focused on being approachable, easy to navigate, and low cost. Its overall philosophy is to democratise DeFi integrating Web 3.0 operating principles such as open access to their permissionless lending technology for anyone.  

Using BENQI, users can take liquidity from a shared market and instantly withdraw and supply it to other users using shared assets as collateral. Additionally, users have a transparent view of interest rates that are based on an asset’s demand and supply within the market. Users may deposit any preferred asset that the protocol accepts to gain interest based on the market’s demand for borrowing that asset. As the platform grows there will be additional token pools that are added to it. Those decisions will be voted upon by BENQI’s core team as it transitions into a DAO. All funds on BENQI are administered by smart contracts.

Sign up to buy Benqi (QI) in Australia.

How to Buy Benqi in Australia

  1. Signup for free
  2. Verify your account
  3. Deposit AUD instantly
  4. Buy QI

Frequently Asked Questions

Where is the best place to buy Benqi?

The best place to buy Benqi is right here at Swyftx! Swyftx offers a fast, secure, and user-friendly platform that allows traders to easily deposit Australian dollars to trade Bitcoin 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.

Is Swyftx Safe to buy Benqi?

Yes, Swyftx is a safe and secure platform to buy and sell Benqi (QI). Swyftx employs a range of advanced security measures to protect user funds and personal information and has been awarded ISO27001 certification for information security.

Swyftx is a AUSTRAC registered exchange that conducts regular security audits and maintains strict compliance with Australian Anti-Money Laundering and Counter-Terrorism Financing Laws.

You can find more information on our security practices here.

How is the price of QI determined?

The price of QI is determined by the forces of supply and demand in the market. Similar to other assets, the price of Bitcoin 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 Bitcoin are adoption rates, Macro economic factors, News events, upgrades and advancements in its tech and investor sentiment.

What deposit methods does Swyftx support?

You can deposit Australian dollars (AUD) into Swyftx via a number of methods including:

  • Bank transfer
  • OSKO
  • PayID
  • POli
  • Credit or debit card

Swyftx also allows you to deposit cryptocurrency from another wallet into your account.

Can I buy Benqi with credit card?

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

What are Swyftx's trading fees?

Swyftx has a trading fee of 0.6% for all buy and sell orders. In addition to the trading fee, Swyftx applies a spread to each cryptocurrency trade.

Dislcaimer: 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.