Finder makes money from featured partners, but editorial opinions are our own. Advertiser Disclosure
How to buy DerivaDAO (DDX) in the US
Learn how to buy DerivaDAO (DDX) easily by following a step-by-step guide and comparing 10+ crypto exchanges.
How to buy DerivaDAO
1. Compare crypto exchanges
The easiest way to buy DerivaDAO is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.
2. Create an account
To create an account on an exchange you will need to verify your email address and identity. Have some photo ID and your phone ready.
3. Make a deposit
Once verified, you can deposit $ using the payment method that best suits you – debit card, wire transfer, bank transfer and cryptocurrency payments are all widely accepted.
4. Buy DerivaDAO
You can now exchange your funds for DerivaDAO. On easier-to-use exchanges, this is as easy as entering the amount you want to purchase and clicking buy. If you like you can now withdraw your DerivaDAO to your personal wallet.
Where to buy DerivaDAO
Find an exchange to buy, sell and trade DDX by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.
Steps on how to buy DerivaDAO
Look for an exchange that supports both fiat and cryptocurrency to simplify buying DerivaDAO.
- Compare cryptocurrency exchanges that supports DDX.
Cryptocurrency exchanges differ by fees, security and payment methods, so you'll need to research which is the right fit for you. As a beginner, you don't need a big range of features, and you can always change exchanges later.
- Create an account on an exchange.
You can sign up for an account by selecting the Go to site button. This will take you to the account creation page, where you can fill in your details, starting with your name and email address..
- 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 DerivaDAO.
- Buy DerivaDAO.
Complete your DerivaDAO purchase and then find the best wallet to store DDX.
What to consider when buying DerivaDAODerivaDEX is still a very young project – but is it something worth getting in on at the ground floor? Here are a few things that might help you make your decision:
- You can stake stablecoins on the insurance mining platform and receive DDX tokens as your reward. You can stake Gemini Dollar (GUSD), Tether (USDT), cTether (cUSDT), USD Coin (USDC), cUSD Coin (cUSDC), and HUSD. Staking entails gas fees, and there is a 0.5% fee for unstaking.
- As a utility token intended primarily for governance management, DDX has limited application as a crypto outside the DerivaDEX ecosystem. Its value will fluctuate and trading opportunities will always arise, but you should be aware that this is not an investment in the future of the platform, but a certificate of entitlement to a say in its future.
- You can get DDX on Binance, Bittrex and Poloniex, among other exchanges.
- Of the 50 million tokens initially minted, just over 34 million went to the team – a common caveat to claims of true decentralization in crypto.
- US residents can’t trade DDX legally, and you can’t buy it directly with fiat money.
How to sell DerivaDAO
You can cash out your DDX with the same exchange you bought it through:
- Sign in to the exchange you have DDX on.
If you store your DerivaDAO in a digital wallet, compare crypto exchanges to sell it on.
- Place a sell order.
Choose the amount of DDX you'd like to sell.
- Complete your transaction.
Confirm the sell price and fees and close your sale of DerivaDAO.
Disclaimer: Cryptocurrencies, including DerivaDAO, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of DDX 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 DerivaDAO or any other cryptocurrency discussed.
More guides on Finder
Vigorus (VIS) price prediction
Read our expert analysis on Vigorus and how the token will perform in the future.
How to buy Pendle (PENDLE) in the US
This guide will show you step-by-step instructions on how to buy the Pendle (PENDLE) token as well as a list of exchanges you can trade it on.
Huobi Global Futures: How to trade BTC and ETH
Learn everything there is to know about Huobi futures and trading cryptos with leverage.
Maker (MKR) price prediction
Read our expert analysis on Maker and how the token will perform in the future.
ZenGo wallet review
ZenGo is an innovative mobile crypto wallet that allows users to retain custody while offering easy access.
How to stake and earn Kusama (KSM)
Staking is the process of locking up KSM tokens in a wallet to earn rewards. Read on to find out how and where you can stake KSM tokens.
Shiba Inu (SHIB) price, chart, coin profile and news
This guide explores the different ways of buying Shiba Inu on a cryptocurrency exchange as well as where you should store your cryptocurrency.
Best Shiba Inu (SHIB) wallets
Shiba Inu (SHIB) is an ERC20 token that can be stored in any Ethereum wallet. Pick a SHIB wallet for long-term storage, short-term trading, or both.
How to buy Hempcoin (THC) in the US
This guide will show you step-by-step instructions on how to buy the Hempcoin (THC) token as well as a list of exchanges you can trade it on.
How to buy The ChampCoin (TCC) in the US
This guide will show you step-by-step instructions on how to buy the The (ChampCoin) token as well as a list of exchanges you can trade it on.
Ask an Expert