How to buy DerivaDAO (DDX) in the UK

A beginner's guide to buying and selling DDX in the UK.

How to buy DerivaDAO

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

  1. Open an account on an exchange that supports DDX.
    Jump to our table to compare popular options — just remember that 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 DerivaDAO.
  3. Buy DerivaDAO.
    Complete your DerivaDAO purchase and then find the best wallet to store DDX.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

What is DerivaDAO?

DerivaDEX is a decentralized exchange for crypto derivatives trading on the Ethereum blockchain, and DDX is its utility token. If the past ‘generation’ of crypto trading were first, the centralised exchanges like Coinbase, then second margin trading platforms like Bitfinex, DerivaDEX presents itself as standard-bearer for the third generation, claiming it blends the benefits of decentralization with the user experience of more seasoned centralized platforms. According to DeFi Rate, the project raised USD$2.7 million in its initial investment round. The trading platform isn’t live yet, but insurance mining and governance apps are. Where does DDX fit into this? Any and all holders are entitled to votes on the course of the project in proportion to their holdings, and they have been able to vote from day one. As the exchange isn’t live yet, DDX tokens are being used as rewards for users who stake stablecoins on DerivaDEX’s platform, which in turn helps the operators grow a liquidity pool for insuring the exchange’s ultimate users’ funds. Some of the terminology can get a bit fuzzy with this project, so for clarity: DerivaDEX is the exchange (or will be), and DerivaDAO is the decentralized autonomous organisation (DAO) that governs it.

DerivaDAO (DDX) is the 332nd largest cryptocurrency in the world by market cap, valued at $134,332,820. The current price of DerivaDAO is $5.95, which is 3.216% higher than yesterday. Prices have ranged between $6.24 and $4.88 over the past 24 hours. All prices are listed in US dollars and accurate as of October 17, 2021 09:10 UTC.

Where to buy DerivaDAO

Unfortunately, at this time no major exchanges in the United Kingdom offer this coin. However, you may be able to purchase it with another cryptocurrency, just be sure you're following all legal restrictions and requirements.

Consider buying a different cryptocurrency after comparing popular exchanges.



DerivaDAO at a glance

Information last updated October 17, 2021 09:10 UTC.
Coin symbol DDX
Coin Marketcap US$134,332,820
Total DDX supply 52,205,246
Circulating DDX 26,094,664
Current price US$5.95
All time high US$15.28
All time high date August 31, 2021

DerivaDAO price performance over time

Historical prices compared with the price of US$5.95.

1 hour 1.49%
24 hours 3.22%
7 days -4.37%
14 days -11.49%
30 days -9.65%
60 days 33.84%
200 days -24.92%
1 year N/A

How to sell DerivaDAO

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

  1. 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.
  2. Place a sell order.
    Choose the amount of DDX you'd like to sell.
  3. Complete your transaction.
    Confirm the sell price and fees and close your sale of DerivaDAO.

What to consider when buying DerivaDAO

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.

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

  • How to stake Avalanche

    Learn how to stake AVAX tokens and earn rewards by supporting the Avalanche blockchain.

  • SuperRare Review and Guide

    True to its name, SuperRare is an NFT marketplace that focuses on crypto art tokenised on the Ethereum blockchain. The result is part marketplace and part social network for the artistic side of the NFT community.

  • DeFi and Web 3.0 wallets

    Find out how a Web 3.0 wallet can allow you to access the world of DeFi, plus discover which wallets we recommend.

  • What is Rarible? Review and guide

    Buy and sell unique digital assets on the largest NFT marketplace in the crypto space.

  • How to stake Theta

    Find out how to stake your THETA tokens and how Theta’s multi-BFT proof-of-stake consensus mechanism works.

  • How to buy IRON Titanium Token (TITAN) in the UK

    This guide will show you step-by-step instructions on how to buy the IRON Titanium Token (TITAN) token as well as a list of exchanges you can trade it on.

  • DeFi tokens: A simple guide for beginners

    DeFi tokens compose a prominent sector in the cryptocurrency markets. Learn the basics of these tokens here.

  • Mintable Review & Guide

    If you are looking to start buying, selling and trading NFTs, Mintable is one of the best places to start.

  • How to buy Smooth Love Potion (SLP) in the UK

    This guide will show you step-by-step instructions on how to buy the Smooth Love Potion (SLP) token as well as a list of exchanges you can trade it on.

  • How to buy Quickswap (QUICK) in the UK

    This guide will show you step-by-step instructions on how to buy the Quickswap (QUICK) token as well as a list of exchanges you can trade it on.

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked
Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site