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How to buy Xido Finance (XIDO)

Learn how to buy Xido Finance (XIDO) in our step-by-step guide.

Where to buy Xido Finance

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

You can still purchase XIDO 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 XIDO using a decentralized exchange.
  1. Find XIDO on a decentralized exchange and make sure Xido Finance 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 XIDO using an exchange like Gemini. You will need to purchase enough ETH to swap for XIDO 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 XIDO 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 XIDO 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.

Best Xido Finance wallets to store your XIDO

You can keep your XIDO on the exchange you purchased it on, or move it to a personal wallet:

  • Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
  • Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your XIDO below.
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Ledger Nano X Wallet
★★★★★ 4.6

Price (USD)
$149
Supported assets
5,500+
Go to site

Trezor Model T Wallet
★★★★★ 4

Price (USD)
$219
Supported assets
1,456+
Go to site

SafePal S1 Wallet
★★★★★

Price (USD)
$49.99
Supported assets
30,000+
Go to site

Disclaimer: This page is not financial advice or an endorsement of digital assets, providers or services. Digital assets are volatile and risky, and past performance is no guarantee of future results. Potential regulations or policies can affect their availability and services provided. Talk with a financial professional before making a decision. Finder or the author may own cryptocurrency discussed on this page.

Is Xido Finance a good investment?

As with any investment, it is vital you understand the risks and potential upside of the asset before making any financial decision. With regards to XIDO, here are a few things to consider:

  • Deflationary incentives:As part of the incentivisation to hold XIDO, there is no way to mint new XIDO tokens built within the token’s code. In addition to the inability to mint more tokens, 40% of the token’s entire supply has been sent to the application’s main farm contract, which has been locked beyond the reach of even its developers.
  • Emergency withdrawals: The protocol supports emergency withdrawals from all farms and pools, enabling users to quickly remove their funds if need be.
  • Security: The protocol’s smart contracts have been audited by Haechi Labs, which found zero “critical,” “major,” and “minor” issues. While an audit does not guarantee a smart contract or security failure, it may provide some comfort to potential future investors.
  • Incorporation of NFT technology: According to the platform’s Twitter page, the XIDO Finance ecosystem is set to incorporate NFTs and utilise them within the protocol’s native P2E game. The NFTs appear to be cards that will allow users to play the native game, Gold Mine. According to reports, once the game is released, users will also be able to play and acquire xGOLD, which can be traded for XIDO.
  • Dual chain: The protocol runs on both the Ethereum and Binance Smart Chain blockchains, giving users the option to choose the former for its larger userbase or the latter for its low transaction fees and scalability features. Having the ability to choose could help future adoption.
  • Vague whitepaper: The project’s whitepaper is vague in comparison to the whitepaper’s from other DeFi protocols. There is also very little technical information available via the XIDO Finance website. Vague explanations for certain elements of the project is often a red flag for some investors and may deter cryptocurrency investors from using the protocol. This may then negatively affect the demand for XIDO.
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Today's Xido Finance price versus ATH

Compare today's price of Xido Finance ($2.01 USD) against its all-time high (ATH) price of $481.05 on June 09, 2021. The closer the bar is to 100%, the closer XIDO is to reaching its ATH again.

Current price: $2.01
All time high: $481.05
1%
99%

Similar assets

Bitcoin

Bitcoin

$28,841.00

+$278.40 (0.97%)

Ethereum

Ethereum

$1,816.04

-$4.48 (-0.25%)

Tether

Tether

$1.01

-$0.0030 (-0.29%)

BNB

BNB

$329.60

-$11.89 (-3.48%)

USD Coin

USD Coin

$1.00

-$0.0005 (-0.05%)
  1. Data by CoinGecko

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance 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 cryptocurrencies discussed.

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