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How to buy DeFiPulse Index (DPI)
A beginner's guide to buying and selling DPI in the US.
How to buy DeFiPulse Index
Look for an exchange that supports both fiat and cryptocurrency to simplify buying DeFiPulse Index.
- Open an account on an exchange that supports DPI.
Most exchanges require an email address, phone number and proof of ID to register.
- Deposit funds into your account.
Fund your account with a bank transfer, pay with a credit or debit card or deposit cryptocurrency from a crypto wallet to buy DeFiPulse Index.
- Buy DeFiPulse Index.
Complete your DeFiPulse Index purchase and then find the best wallet to store DPI.
What is DeFiPulse Index?
The DeFi Pulse Index is a capitalization-weighted index that has been built atop Set Protocol’s new V2 infrastructure. In essence, the platform allows users to view as well as invest indirectly into the ten most popular decentralized finance (DeFi) tokens available on the Ethereum ecosystem at any given time.
DPI tokens are the native cryptocurrency of the platform. They enable holders to own, gain exposure and even redeem all of the underlying coins that make up the DeFi Pulse Index.
DeFiPulse Index (DPI) is the 311th largest cryptocurrency in the world by market cap, valued at $142,453,991. The current price of DeFiPulse Index is $474.460, which is 9.246% higher than yesterday. Prices have ranged between $477.070 and $431.510 over the past 24 hours. All prices are listed in US dollars and accurate as of April 21, 2021 04:04 UTC.
Where to buy DeFiPulse Index
Unfortunately at this time no major exchanges offer DeFiPulse Index. However, you may be able to purchase DPI with another cryptocurrency, just be sure you're following all legal restrictions and requirements.
Instead of buying DeFiPulse Index, consider buying a different cryptocurrency after comparing popular exchanges.
DeFiPulse Index coin priceUse our graph to track the performance of DPI over time.
DeFiPulse Index at a glance
|Total DPI supply||300,245|
|All time high||US$549.150|
|All time high date||April 15, 2021|
DeFiPulse Index price performance over time
How to sell DeFiPulse Index
You can cash out your DPI with the same exchange you bought it through:
- Sign in to the exchange you have DPI on.
If you store your DeFiPulse Index in a digital wallet, compare crypto exchanges to sell it on.
- Place a sell order.
Choose the amount of DPI you'd like to sell.
- Complete your transaction.
Confirm the sell price and fees and close your sale of DeFiPulse Index.
What to consider when buying DeFiPulse Index
- Novel monetary proposition: When users purchase DPI tokens, they are essentially gaining access to all of the tokens that make up the DeFi Pulse Index without having to own any of the assets individually.
- Directly redeemable: DPI tokens can be liquidated in exchange for one or more of the tokens that make up the index. What this implies is that using a single token, investors can have a stake in a basket of DeFi currencies, thus allowing them to spread out their total monetary risk.
- Ideal for beginners: The index looks to make it easier for crypto enthusiasts to make their way into the DeFi space, especially those individuals who may not possess enough expertise or technical know-how regarding crypto tech.
- Quality projects part of the index: The DeFi Pulse index is made up of a total of ten popular DeFi crypto assets including AAVE, Synthetix, Uniswap, Yearn Finance, Compound, Maker, REN, Loopring, Kyber Network and Balancer.
- Solid backing team: The governance aspect of the DeFi Pulse Index is looked after by Concourse, an independent crypto community made up of established digital currency developers, enthusiasts, researchers, etc.
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