Kraken

- Trade LDO and 276 other cryptos.
- Instant funding & advanced trading options.
- Join 9M+ users around the world.
Lido DAO (LDO) is the 70th largest cryptocurrency by market cap, valued at US$1,524,211,853.
Lido DAO is a highly volatile asset capable of major price swings in a single day. Today the price of LDO is $1.7 USD, which is higher than yesterday's trading price of $1.64 USD. Over the past year, Lido DAO's price has seen a decrease of -39%.
So before you buy Lido DAO, make sure you understand these unique risks as well as its legal and tax status here in Canada.
If you're ready to get started, read on for step-by-step instructions on how you can buy Lido DAO.
The whole process can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment.
Find an exchange to buy, sell and trade LDO by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the exchange.
To make comparing even easier we came up with the Finder Score. Supported coins, account fees and features across 28 cryptocurrency trading platforms are all weighted and scaled to produce a score out of 10. The higher the score the better the exchange - simple.
Lido is a DeFi platform that allows users to earn staking rewards on ETH without losing access to the value of the staked Ether. At the moment, if you commit your ETH to Ethereum 2.0 for staking, you won't be able to access it for 18 months. With Lido, if you deposit ETH into Lido, you will receive stETH in return (tokens representing staked Ethereum) and earn staking rewards while being able to use the stETH in various other DeFi protocols. LDO tokens are the native token of Lido and give holders governance rights in the Lido DAO. As an LDO token holder, you can decide on Lido's key features such as fees and execution of Lido upgrades.
Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods. You can use our table to compare the features of popular cryptocurrency exchanges available in Canada to help you choose the one that's right for you.
Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review page.
To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it's a good idea to have those ready.
An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading Lido DAO.
Once you've created an account, you will need to deposit funds to buy LDO with. You can either deposit local currency from a bank account or credit card, or transfer cryptocurrency from another exchange or wallet. Here are some popular ways to buy LDO:
The easiest way to buy LDO is by placing an 'instant buy' order to purchase it for a fixed price but not all crypto exchanges offer this feature.
Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more expensive than using the spot market.
Before buying LDO, you may want to check the market conditions. To help you decide if now is the right time to buy, you can take a look at our all-time high tool to get an idea of how the price of Lido DAO has been performing recently.
You can keep your LDO on the exchange you purchased it on, or move it to a personal wallet:
Ledger Nano X Wallet |
Trezor Model T Wallet |
SafePal S1 Wallet |
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Supported assets 5,500+ |
Supported assets 1,000+ |
Supported assets 30,000+ |
Price (USD) $149 |
Price (USD) $129 |
Price (USD) $49.99 |
See more of the best crypto wallets
Compare today's price of Lido DAO ($1.7 USD) against its all-time-high price of $7.3 USD on 20 August 2021. The closer the bar is to 100%, the closer LDO is to reaching its ATH again.
Disclaimer: Cryptocurrencies, including Lido DAO, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of LDO 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 Lido DAO or any other cryptocurrency discussed.
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