Why isn't it easier to buy PLS in Australia? Simple. Our options for moving economic energy onto #PulseChain are incredibly limited. Centralized exchanges like Coinbase, OKX, Kraken and Gemini refuse to list Pulse, PulseX and HEX for purchase. At the same time, the vagueness of Australian cryptocurrency regulations make it difficult for blockchain services to operate and build onramps for Australian customers.
But there is a solution. Created by the HEX community, Coast offers the most cost-effective way to buy PLS in Australia through the minting of $CST, the first fiat-backed stable coin on PulseChain. You can read the CST contract here.
Here are step by step instructions for buying Pulse in Australia:
1. Create a Coast Account
Everything Australians need for on-ramping to PulseChain can be found at this URL: app.0xCoast.com
Coast is a technology layer to connects your new digital bank account in the USA (created when you signup) with PulseChain. Once you've funded this account you'll be free to mint $CST on PulseChain immediately from any State in Australia.
TIME: 3-5 mins for most Australian PulseChain users
2. Fund your Digital Account
Wise.com
Complete instructions for funding your digital account with Wise.com can be found at the help article below:
Deposits made to your digital account using Wise in Australia are not subject to fraud holds. Funds typically clear the next day at 11:48am EST.
REMEMBER: This is NOT A cryptocurrency related transaction. You are moving funds from your Australian bank account, to your Trust account in the USA.
TIME: 24 hrs for most Australian PulseChain users
Revolut.com
Complete instructions for funding your digital account with Revolut can be found at the help article below:
Deposits made to your digital account using Revolut are not subject to fraud holds. Funds typically clear the next day at 11:48am EST.
REMEMBER: This is NOT A cryptocurrency related transaction. You are moving funds from your Australian bank account, to your Trust account in the USA.
TIME: 24 hrs for most Australian PulseChain users
Why can't I link my Australian bank account?
Coast does not operate in Australia
Our business at Coast requires a careful balance between feature availability and adherence to regulatory frameworks in the local markets where our customers reside. Part of our commitment to our banking partner and Australian regulators is that we will not directly target Australian users (online ads) or operate a business in Australia (business registration). Doing either of these things would require Coast to comply with Australian money transmission, securities and cryptocurrency regulations.
Yes, we can still accept Australian citizens as customers!
However, this does mean that Coast is unable to provide local bank-to-bank transfer methods in Australia including but not limited to PayID services.
3. 'Buy' PLS directly
The first option for buying Pulse $PLS is to use the Coast direct 'Buy' feature that you will find at the link below:
Go here: https://app.0xcoast.com/buy
The Coast direct 'Buy' feature allows you to obtain the network coin of PulseChain Pulse ($PLS) as well as three PRC-20 tokens on PulseChain including; PulseX ($PLSX), HEX ($HEX) and Wait ($WAIT).
The 'Buy' feature is the fastest way to buy Pulse ($PLS) using fiat ($USD).
All 'Buys' can all be made using the $USD balance of your Coast digital account.
All 'Buys' are gasless. Meaning that you DO NOT need to have Pulse (PLS) in order to use the 'Buy' feature. This allows for easy onboarding if you've never used PulseChain before since you won't need to use a faucet to get $PLS or to ask a friend to lend you some $PLS for your first transaction.
You can learn more about how we created the 'Buy' feature here:
4a. Mint $CST & Trade
The second option for buying Pulse involves more steps and is considered an advanced feature. This option is to Mint $CST and then to trade for your $CST for $PLS or $wPLS.
$CST is a PRC-20 token on PulseChain that is always redeemable for 1 $USD via the Coast platform. When you mint $CST, you are able to trade this token for any other asset on PulseChain. Now that your digital account is funded, follow the instructions in the help article below to Mint your CST directly on PulseChain.
We accept Australian customers from every state in the country. There is no local restriction on minting CST anywhere in Australia.
4b. Swap $CST for $PLS
Got your $CST? Excellent. Now you can trade your $CST for $PLS, $PLSX, $HEX or any other asset on PulseChain. Follow the instructions in the help article below to use the Swap feature.
Go here: https://app.0xcoast.com/swap
TIME: < 8 mins for most Australian PulseChain users
Need help to buy PLS in Australia?
If you have any issues with minting $CST to trade for PLS, please contact our support team using the website chat feature in the bottom right of the screen.
App: app.0xcoast.com
Website: 0xcoast.com
Twitter: @0xCoast
Telegram: @Coast0x