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How to buy sEUR (SEUR) in New Zealand

Learn how to buy sEUR (SEUR) in our step-by-step guide.

sEUR
SEUR- USD
$0.98
- $0.04 ( - 4.12%)

Where to buy sEUR in New Zealand

It looks like SEUR may not be available to purchase on an exchange in New Zealand.

You can still purchase SEUR by using a decentralised exchange (DEX) instead. Decentralised exchanges are web applications that run on blockchains like Ethereum and allow users to trade any asset directly with one another.

Decentralised exchanges (DEX) are unregulated and run using autonomous pieces of code known as smart contracts. To use a DEX you must interact with the blockchain directly, which is not recommended for novice users. Please learn about decentralised exchanges first if you're unfamiliar.

How to purchase SEUR using a decentralised exchange.
  1. Find SEUR on a decentralised exchange and make sure sEUR can be traded for ETH which is the native asset of Ethereum. Popular DEXs include Uniswap, SushiSwap and 1INCH.
  2. Buy ETH to trade for SEUR using an exchange like Binance. You will need to purchase enough ETH to swap for SEUR as well as ETH to pay for transaction fees on the Ethereum network (known as gas). You can use a service like Etherscan to get an idea of how much gas fees currently cost.
  3. Transfer the ETH into a web 3.0 wallet like MetaMask to connect to the DEX.
  4. Trade ETH for SEUR on the DEX of your choice, following the instructions on screen. Make sure to leave enough ETH in your wallet to pay for gas.
  5. Wait for the transaction to finalise and the SEUR tokens will arrive in your wallet.
  6. You may now keep the tokens in your web 3.0 wallet or transfer them somewhere more secure like a hardware wallet.

You can follow the same process when you want to sell your tokens, or come back to this page to see if they can now be traded on an exchange in New Zealand.

Best sEUR wallets to store your SEUR

You can keep your SEUR on the exchange you purchased it on, or move it to a personal wallet:

  • Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
  • Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can learn more about wallets and compare them with our comprehensive guide.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Is sEUR a good investment?

Although stablecoins are inherently less volatile than most other cryptocurrency investments, there are still factors that should be considered prior to investment. In the case of sEUR, here are some things worth thinking about:

  • Stablecoin use-case:If you are investing in a stablecoin, you cannot expect the potentially rapid price gains and falls that you would with other cryptocurrencies. You should not purchase a stablecoin with the hope of it rising in value – instead, they have a few specific use-cases. Stablecoins can be purchased in periods of high market instability, which may be faster and cheaper than transacting your crypto to fiat. Stablecoins can also be used to swap for other cryptocurrencies with lower fees, or earn rewards in DeFi protocols.

  • Curve liquidity pool: Curve finance introduced a liquidity pool for sEUR token holders – one of the first DeFi products focussed on Euro stablecoins. This allows users to swap between sEUR and STASIS Euro (EURS) tokens, which opens up more opportunities for trading on decentralised exchanges.

  • Kwenta exchange: Very few DeFi services and protocols utilise sEUR, making it difficult to purchase and use. Synthetix-based projects, such as the Kwenta derivatives exchange, provide the most utility for the Euro stablecoin. It will be worth following the development and community growth of the Kwenta platform to see if sEUR evolves in its use-case.

Additional information about sEUR can be found using our SEUR analysis tools.

Today's sEUR price versus ATH

Compare today's price of sEUR ($1.023 USD) against its all-time-high price of $1.39 USD on 10 February 2021. The closer the bar is to 100%, the closer SEUR is to reaching its ATH again.

sEUR's price: $1.023
ATH date: February 10, 2021
73.60%

sEUR ATH: $1.39


How to trade, convert or sell sEUR

You can convert or sell your SEUR with the same exchange you bought it through:
  1. Sign in to the exchange you have SEUR on.
  2. If you store your sEUR in a digital wallet, compare crypto exchanges to convert or sell it on.
  3. Choose Sell or Convert and place a sell order.
  4. Choose the amount of SEUR you'd like to convert or sell.
  5. Confirm the sell price and fees and close your sale of sEUR.
  6. Complete your transaction and move your SEUR to a wallet for storage.

Disclaimer: Cryptocurrencies, including sEUR, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of SEUR is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the sEUR or any other cryptocurrency discussed.

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