Syscoin launched in 2014 with a vision to create a blockchain-powered decentralised marketplace for buying and selling goods. It was the brainchild of Sebastian Schepis, a software developer and the former chief information officer of the Blockchain Foundry.
While the first version of the platform went live in 2014, the team released newer versions of the Syscoin platform with more services in 2016 and 2018. SYS is the native cryptocurrency of the Syscoin blockchain, and it is one of the cheapest means of crypto transactions. It uses the same protocol and hashing algorithm as Bitcoin (BTC) for the highest level of inherent security. SYS has a maximum supply of 888 million coins and more than 602 million coins are already in circulation.
The best place to buy Syscoin 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.
Yes, Swyftx is a safe and secure platform to buy and sell Syscoin (SYS). 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.
The price of SYS 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.
You can deposit Australian dollars (AUD) into Swyftx via a number of methods including:
Swyftx also allows you to deposit cryptocurrency from another wallet into your account.
Swyftx does not allow you to directly buy Syscoin with credit card, however, we do support credit and debit card deposits. Once your deposit has arrived in your account, you can then buy SYS instantly.
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.
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