Buy Stacks (STX)


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What is Stacks (STX)?

Stacks (formerly known as Blockstack) is an open-source, developer-friendly network for building Decentralised Apps (dApps) and smart contracts. Stacks runs on the Stacks blockchain, a layer-1 blockchain that connects to the Bitcoin blockchain with a 1:1 block ratio. Built on top of the Bitcoin blockchain, the Stacks blockchain allows users to write smart contracts in Clarity and create digital assets with the Bitcoin blockchain as their foundation.

Stacks also introduces a new consensus mechanism, known as Proof of Transfer (PoX). PoX harnesses the security and durability of Bitcoin’s Proof-of-Work (PoW) consensus mechanism without the arduous and insecure process of bootstrapping a new PoW chain. Blockstack also gives users encrypted data storage with Gaia, a decentralised storage network built on the Stacks platform. Data is encrypted and stored independently, controlled by the user’s private key. The STX token is the native asset of the Stacks blockchain. It is used to fund transactions, such as executing smart contracts or creating a digital asset. 

How to Buy Stacks in New Zealand

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

Frequently Asked Questions

Where is the best place to buy Stacks?

The best place to buy Stacks 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 Stacks?

Yes, Swyftx is a safe and secure platform to buy and sell Stacks (STX). 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 STX determined?

The price of STX 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 Stacks with credit card?

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