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What is Starknet?

Starknet (STRK) is a validity rollup, commonly known as a zero knowledge rollup (ZK-rollup), for Ethereum. Functioning as a Layer 2 (L2) blockchain, Starknet allows dApps and transactions to scale substantially for computation while maintaining Ethereum's interoperability and security.

  • Starknet’s validity rollup increases the scalability of Ethereum by processing transactions off-chain and then providing proof of those transactions back to Ethereum, reducing the Layer 1 (L1) blockchain's load.
  • As transactions occur off-chain, it's crucial to ensure their integrity without needing to re-execute them. To address this, the team developed STARK (Scalable, Transparent ARgument of Knowledge) proofs of verifiable computation.
  • STRK is the native utility token of the Starknet platform, it is used to pay transaction fees, protocol governance and users can stake to help secure the network.

While the Ethereum network has been able to create an ecosystem that is secure and decentralised, network congestion can lead to increased transaction costs. Starknet’s L2 scaling solution aims to reduce computational load with its unique validity rollup and STARK cryptographic proofs, to offer a faster and cheaper way of processing large batches of transactions.

How do I swap Starknet?

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Learn more about Starknet

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

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 Starknet for free.

Cold Storage

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