Buy Bittensor (TAO)

TAO is used within the Bittensor network to reward users for distributing their excess computing power and data. This is then leveraged for building, training and deploying machine learning models on the Bittensor platform.

Yes, Bittensor and its ecosystem operate on its own open-source, Layer 1 blockchain. The protocol was built using the modular blockchain framework called the Substrate framework. This allows developers to build blockchains optimised for various purposes – such as machine learning.

When you buy TAO on our trading platform, it will be automatically stored in the crypto wallet integrated with your account. A crypto wallet is required for sending, receiving and storing your digital assets. If you would like to withdraw your assets and send them to an external wallet like a hardware wallet, you can do so via the withdraw tab in your Swyftx trading app.

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

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

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