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What is Aeternity?

Aeternity (AE) is a blockchain technology which aims to improve upon the competition by being faster, more secure, highly efficient and globally scalable. Similar to Ethereum in its implementation the technology revolves around smart contracts; building and running applications on the blockchain. Aeternity introduces state channels which allows applications to run off-chain and only communicate with the public blockchain if a dispute occurs.

Why Aeternity

  • Smart contracts only communicate with the public ledger in the case of a disagreement, allowing businesses and users to maintain privacy of sensitive information
  • Lower cost transactions than others through the flexibility/ability of state channels to reduce contact with the blockchain
  • Unique Proof of Work (PoW), Proof of Stake (PoS) hybrid algorithm which reduces the need for power hungry, expensive mining equipment and allows the currency to become truly decentralised. Even smart phones can effectively mine tokens with the Aeternity mining algorithm

Aeternity has the potential to solve real problems in the cryptocurrency world. It introduces unique innovations which could change the way we utilise blockchain technology. It’s governance system gives the power of the network back to the users which has always been the original intention of blockchain technology.

Aeternity’s flexibility and usefulness provide a strong case for its future moving forward.

How do I swap Aeternity?

Enter amount to swap
Select the quantity of Aeternity you would like to swap.
Select coin to swap with
Select the coin you would like to swap with.
Confirm & swap
Click 'Swap' to confirm. Your coins will arrive in your wallet within minutes!

Learn more about Aeternity

Why Should I Trade AE with CoinSpot?

CoinSpot is Australia’s largest cryptocurrency platform that has been operating since 2013 and is trusted by over three million Australians. We make it easy to buy and sell Aeternity no matter what your trading experience is. Unlike other international and Australian Aeternity exchanges that require experience and technical knowledge, we make the entire trading process simple for beginners and advanced traders alike.

CoinSpot provides layered security and advanced support systems so you can buy Aeternity with peace of mind and the comfort knowing support is available everyday to help. There are multiple trading options on our exchange that allow you to conveniently trade Aeternity how you want to. You will feel familiar with CoinSpot from the beginning and have access to everything you need to buy, sell and manage your cryptocurrency.

How do you store your Aeternity?

Storing on CoinSpot

Due to CoinSpot’s flexible Multicoin Wallet, storing your digital currency is simple. Just by creating your CoinSpot account you will automatically be given your own unique wallet where you can store your Aeternity for free.

Cold Storage

If you are holding Aeternity as a long term investment, you can utilise a cold storage wallet and send your coins there from your CoinSpot account. A cold wallet is a wallet which is completely offline (not connected to the internet) and is a popular option amongst people who prefer to hold their coins, rather than regularly trade.

Frequently asked questions

Right here! CoinSpot offers traders a fast, simple, easy and secure way to buy Aeternity. We are trusted by over three million customers and with just a few clicks, you can exchange Australian Dollars or other cryptocurrencies for Aeternity. CoinSpot helps users easily buy crypto, build their portfolio, make secure purchases and invest in this exciting asset class.
Aeternity has a floating exchange rate – meaning its price is set by individual vendors based on available supply and demand. As Aeternity is a globally traded asset, the price can vary across the world based on order books, volume, exchange rates and service fees of each individual Aeternity exchange.
Cryptocurrency differs from other traditional trading options as you can make fractional purchases, meaning you don’t have to buy whole coins. This means you can start investing in Aeternity & other digital currencies with as little as $1!
Practicing safe investing is best treated as a shared effort. CoinSpot provides a list of security tips that we recommend putting into practice to ensure you’re keeping yourself secure. Step one to buying Aeternity safely however is using a reputable exchange such as CoinSpot. We are the first Australian exchange to be awarded the internationally recognised ISO 27001 certification for security management and processes. Operating since 2013, we’re proud to say we’re Australia’s most trusted exchange. Start your Aeternity portfolio here.
Yes! With CoinSpot you can convert your Aeternity to AUD (Australian Dollars) instantly. You can also withdraw AUD to your Australian bank account for free with no withdrawal limits.

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