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How to buy DerivaDAO (DDX) in Singapore

Learn how to buy DerivaDAO (DDX) in our step-by-step guide.

You can buy DerivaDAO (DDX) on a cryptocurrency exchange like Coinbase Pro. These specialised marketplaces allow you to buy and sell cryptocurrencies, and work similar to stock trading platforms. DerivaDEX is a decentralized exchange for crypto derivatives trading on the Ethereum blockchain, and DDX is its utility token. Here's how to buy DerivaDAO.

How to buy DerivaDAO in 4 easy steps

The whole process can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment.

  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 – bank transfer, cryptocurrency, debit card and PayPal payments are widely accepted.
  4. Buy DerivaDAO
    You can now exchange your funds for DerivaDAO. On easier-to-use exchanges, this is as simple as entering the amount you want to purchase and clicking buy. If you like, you can now withdraw your DerivaDAO to your personal wallet.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Where to buy DerivaDAO in Singapore

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.

1 - 1 of 1
Name Product Deposit methods Fiat Currencies Cryptocurrencies
Coinbase Digital Currency Exchange
Credit card, Debit card
USD, EUR, GBP, CAD, MXN, HRK, CZK, DKK, CLP, BGN

234
cryptocurrencies

Get £5 free with your first trade. T&Cs apply.
Buy and sell major cryptocurrencies on one of the world's most renowned cryptocurrency exchanges.
Disclaimer: Star ratings are only displayed for products with 10 or more reviews.
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Compare up to 4 providers

How do I find the best places to buy DerivaDAO?

Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods. You can use our table to compare the features of popular cryptocurrency exchanges available in Singapore to help you choose the one that's right for you.

Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review page.

What will I need to buy DerivaDAO?

To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it's a good idea to have those ready.

An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading DerivaDAO.

  • This process is known as Know Your Customer (KYC) and usually requires photo ID and a webcam or smartphone. You may also need to prove your address by uploading a copy of a recent bank statement or utility bill.
  • Some exchanges allow you to deposit and trade cryptocurrencies without passing KYC, but they will not allow you to transfer local currency from your bank account. So if you are planning on purchasing DDX with your local currency then you will need to pass KYC.
  • Once you have verified your identity, it is a good idea to enable 2-factor authentication (2FA) before depositing any funds. This will increase the security of your account and help keep your funds safe.

What are the best ways to buy DerivaDAO?

Once you've created an account, you will need to deposit funds to buy DDX with. You can either deposit local currency from a bank account or credit card, or transfer cryptocurrency from another exchange or wallet. Here are some popular ways to buy DDX:

  • Bank account: Transfers from local bank accounts are usually free, but you will need to double-check this with the exchange you choose – this information can be found in our table by clicking on 'view details'.
  • Credit or debit card: Linking a card to your account is another convenient way to top up your account, but be aware that it usually attracts an additional fee. An advantage, though, is that you can use a card to make instant purchases or set up a recurring purchase.
  • Cryptocurrency: You can usually purchase DDX by trading it for another cryptocurrency like Bitcoin or a stablecoin. This varies between exchanges though, so you will need to search for DDX on the spot market to see what cryptocurrencies it can be traded for.

What is the easiest way to buy DerivaDAO?

The easiest way to buy DDX is by placing an 'instant buy' order to purchase it for a fixed price but not all crypto exchanges offer this feature.

Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more expensive than using the spot market.

Before buying DDX, you may want to check the market conditions. To help you decide if now is the right time to buy, you can take a look at our Analysis tools to get an idea of how the price of DerivaDAO has been performing recently.

Best DerivaDAO wallets to store your DDX

You can keep your DDX 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 DDX below.

Ledger Nano X Wallet

TREZOR Model T Wallet

Go to site
Go to site

Supported assets

5,500+

Supported assets

1,450+

Price (USD)

$149

Price (USD)

$213

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Is DerivaDAO a good investment?

DerivaDEX 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.

Additional information about DerivaDAO can be found using our DDX analysis tools.

Today's DerivaDAO price versus ATH

Compare today's price of DerivaDAO ($0.519288 USD) against its all-time-high price of $15.28 USD on 31 August 2021. The closer the bar is to 100%, the closer DDX is to reaching its ATH again.

DerivaDAO's price: $0.519288
ATH date: August 31, 2021
3.40%

DerivaDAO ATH: $15.28


How to trade, convert or sell DerivaDAO

You can convert or sell your DDX with the same exchange you bought it through:
  1. Sign in to the exchange you have DDX on.
  2. If you store your DerivaDAO in a digital wallet, compare crypto exchanges to convert or sell it on.
  3. Choose Sell or Convert and place a sell order.
  4. Choose the amount of DDX you'd like to convert or sell.
  5. Confirm the sell price and fees and close your sale of DerivaDAO.
  6. Complete your transaction and move your DDX to a wallet for storage.

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.

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