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Swap Scallop (SCA)

$0.155049 11.42%
11.42%
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What is Scallop?

Scallop (SCA) is a next generation peer-to-peer money market built for the Sui ecosystem. It aims to offer individual high interest lending and low fee borrowing.

  • One of Scallop’s main goals is to fix existing problems associated with DeFi lending. The team at Scallop wants their lending system to be as reliable as a traditional bank while leveraging the robust security of the Sui network.
  • A unique part of Scallop’s borrowing mechanism is the ability to make five sub-accounts that are able to manage multiple positions at the same time.
  • SCA is the utility token for the Scallop platform. It helps to manage user incentives and is used as the medium of exchange between users.

Scallop (SCA) aims to improve on traditional DeFi money markets as well as borrowing and lending systems. By using innovative solutions and leveraging Sui’s infrastructure Scallop looks to bring the DeFi industry into the next generation.

How do I swap Scallop?

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Click 'Swap' to confirm. Your coins will arrive in your wallet within minutes!

Learn more about Scallop

Why Should I Trade SCA 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 Scallop no matter what your trading experience is. Unlike other international and Australian Scallop 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 Scallop 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 Scallop 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 Scallop?

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 Scallop for free.

Cold Storage

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