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How to buy Deipool (DIP) in the US

Learn how to buy Deipool (DIP) easily by following a step-by-step guide and comparing 10+ crypto exchanges.

Where to buy Deipool

It looks like DIP may not be available to purchase on an exchange in the US.

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

Decentralized 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 decentralized exchanges first if you're unfamiliar.

How to purchase DIP using a decentralized exchange.
  1. Find DIP on a decentralized exchange and make sure Deipool 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 DIP using an exchange like Gemini. You will need to purchase enough ETH to swap for DIP 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 DIP 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 finalize and the DIP 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 the US.

What to consider when buying Deipool

Decentralised insurance protocols are a relatively new sector of the cryptocurrency industry. Therefore, it is good practice to evaluate the risks.
  • Regulation. While traditional financial products are heavily regulated, decentralised financial products and associated cryptocurrencies are often referred to as the “wild west” of finance. Though governments are trying to bring stricter regulations and harsher penalties into the field, the decentralised and speculative nature of crypto makes this a difficult task. However, as of 2021, Etherisc is fully licensed and abides by US government insurance regulations. But be aware of the fact that the sector is constantly evolving and changes in legislation could impact DIP’s viability as an investment.
  • Development. DIPs already have many practical use cases. As blockchain flexibility increases, it is believed users will be allowed to request new insurance products on an ad-hoc basis and even develop their own. However, as of writing (June 2021), the only DIP application available is flight delay insurance. Many others have been designed, but they are still not functional. How applications are developed and implemented will play a major role in Etherisc DIP’s future success.
  • Accessibility. The Etherisc DIP token is not currently available through popular cryptocurrency exchanges like Binance, Coinbase or Kraken. A user will need to acquire the token through an altcoin exchange like Bilaxy or a decentralised exchange like Uniswap.

How to sell Deipool

You can cash out your DIP with the same exchange you bought it through:

  1. Sign in to the exchange you have DIP on.
    If you store your Deipool in a digital wallet, compare crypto exchanges to sell it on.
  2. Place a sell order.
    Choose the amount of DIP you'd like to sell.
  3. Complete your transaction.
    Confirm the sell price and fees and close your sale of Deipool.

Disclaimer: Cryptocurrencies, including Deipool, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of DIP 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 Deipool or any other cryptocurrency discussed.

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