How to buy Lido DAO | Buy LDO in 3 steps | finder.com

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How to buy Lido DAO (LDO)

A beginner's guide to buying and selling LDO in the US.

How to buy Lido DAO

Look for an exchange that supports both fiat and cryptocurrency to simplify buying Lido DAO.

  1. Open an account on an exchange that supports LDO.
    Most exchanges require an email address, phone number and proof of ID to register.
  2. 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 Lido DAO.
  3. Buy Lido DAO.
    Complete your Lido DAO purchase and then find the best wallet to store LDO.
The whole process can take as little as 15 minutes.
Disclaimer: This information is not advice to buy cryptocurrency, a recommendation for Lido DAO or an endorsement of any particular provider or service. Talk with a financial professional before any investment or purchase.

What is Lido DAO?

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 until 2022 at the earliest. 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 LDO a token holder you can decide on Lido's key features such as fees, and execution of Lido upgrades.

Lido DAO (LDO) is the 724th largest cryptocurrency in the world by market cap, valued at $28,437,826. The current price of Lido DAO is $1.150, which is -0.145% lower than yesterday. Prices have ranged between $1.260 and $1.120 over the past 24 hours. All prices are listed in US dollars and accurate as of April 17, 2021 10:04 UTC.

Where to buy Lido DAO

Unfortunately at this time no major exchanges offer Lido DAO. However, you may be able to purchase LDO with another cryptocurrency, just be sure you're following all legal restrictions and requirements.

Instead of buying Lido DAO, consider buying a different cryptocurrency after comparing popular exchanges.

Lido DAO coin price

Use our graph to track the performance of LDO over time.

Lido DAO at a glance

Information last updated April 17, 2021 10:04 UTC.
Coin symbol LDO
Total LDO supply 1,000,000,000
Circulating LDO 24,787,589
Current price US$1.15
All time high US$3.300
All time high date February 02, 2021

Lido DAO price performance over time

Historical prices compared with the price of US$1.15.

1 hour 0.97%
24 hours -0.15%
7 days -7.10%
14 days -11.11%
30 days 75.44%
60 days -55.25%
200 days N/A
1 year N/A

How to sell Lido DAO

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

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

What to consider when buying Lido DAO

Investing in cryptocurrency is a risky exercise and it is recommended you research the coin that you're investing to make sure you understand the benefits and risks involved. Here are some of the key features of LDO you should understand before buying LDO.
  • Distribution. While there are 1 billion LDO tokens, two thirds of tokens are currently locked with Lido DAO founding members. After 1 year the tokens held by Lido DAO founding members will be vested over the next year. As of January 2021, only 0.4% of LDO are unlocked.
  • Major backers. In December 2020 European digital asset investment company KR1 invested $US0.15 million in Lido in exchange for LDO tokens.
  • stETH vs LDO. According to Lido website Lido has two tokens: stETH token which is a proxy for ethereum and LDO which is the governance token. Think of stETH token as the liquid alternative for staked Ether, as it can be transferred and traded freely. stETH has the same value as the Ethers that are staked on Lido. LDO, on the other hand, gives users voting rights in Lido.

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.

Investing in cryptocurrency is a risky exercise and it is recommended you research the coin that you’re investing to make sure you understand the benefits and risks involved. Here are some of the key features of LDO you should understand before buying LDO.

  • Distribution. While there are 1 billion LDO tokens, two thirds of tokens are currently locked with Lido DAO founding members. After 1 year the tokens held by Lido DAO founding members will be vested over the next year. As of January 2021, only 0.4% of LDO are unlocked.
  • Major backers. In December 2020 European digital asset investment company KR1 invested $US0.15 million in Lido in exchange for LDO tokens.
  • stETH vs LDO. According to Lido website Lido has two tokens: stETH token which is a proxy for ethereum and LDO which is the governance token. Think of stETH token as the liquid alternative for staked Ether, as it can be transferred and traded freely. stETH has the same value as the Ethers that are staked on Lido. LDO, on the other hand, gives users voting rights in Lido.

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