Swap Pyth Network (PYTH)

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What is Pyth Network?

Pyth Network (PYTH) is an innovative decentralised oracle solution that operates as a marketplace for financial data. While traditional oracles rely on nodes to collect data from public resources, Pyth incentivizes the data's original owners to share this “first-party” data directly on-chain.

  • The platform aggregates market data directly from over 90 first-party sources, including global exchanges, trading firms, and market makers. The data is then distributed across more than 40 blockchains.
  • Pyth specialises in two types of price data: tradeable asset prices from exchanges and the most recent transaction prices from traders. Price feeds are updated every 400 milliseconds to ensure that prices are not manipulated.
  • PYTH is the native utility token of the platform and is used for staking, protocol governance, fee payment, as well as incentivising node operators and delegators.

As the DeFi and blockchain industries expand and grow, Pyth Network’s first-party data model appears well-equipped to handle these changes. Unlike legacy oracles that have had difficulties with speed, pricing, and distribution, Pyth aims to scale without compromising on these key factors.

How do I swap Pyth Network?

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Learn more about Pyth Network

Why Should I Trade PYTH 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 Pyth Network no matter what your trading experience is. Unlike other international and Australian Pyth 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 Pyth 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 Pyth 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 Pyth 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 Pyth Network for free.

Cold Storage

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