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What is Akash Network?

Akash Network (AKT) is an open source cloud computing platform that lets users buy and sell computation resources securely and efficiently. Akash allows for the deployment of cloud-native applications, aiming to improve price performance and scalability for dApps and protocols on its network.

  • Compatible with a number of existing cloud applications, Akash allows businesses to participate in the decentralised cloud computing market.
  • Akash leverages a vast market of underutilised resources that are sitting dormant in the estimated 8.4 million data centres globally.
  • AKT is the native utility token of Akash Network, it is used for protocol governance, staking and facilitating transactions.

The decentralised cloud is a shift from computing resources being owned and operated by the three large Cloud companies (Amazon, Google, and Microsoft), to a decentralised network of Cloud providers operating open source software. By distributing underutilised cloud capacity, Akash looks to provide efficient and cost effective cloud services.

How do I swap Akash Network?

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Learn more about Akash Network

Why Should I Trade AKT with CoinSpot?

CoinSpot is Australia’s largest cryptocurrency platform that has been operating since 2013 and is trusted by over two million Australians. We make it easy to buy and sell Akash Network no matter what your trading experience is. Unlike other international and Australian Akash Network 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 Akash Network 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 Akash Network 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 Akash Network?

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 Akash Network for free.

Cold Storage

If you are holding Akash Network 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 Akash Network. We are trusted by over two million customers and with just a few clicks, you can exchange Australian Dollars or other cryptocurrencies for Akash Network. CoinSpot helps users easily buy crypto, build their portfolio, make secure purchases and invest in this exciting asset class.
Akash Network has a floating exchange rate – meaning its price is set by individual vendors based on available supply and demand. As Akash Network 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 Akash Network 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 Akash Network & 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 Akash Network 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 Akash Network portfolio here.
Yes! With CoinSpot you can convert your Akash Network 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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