Register with eToro instantly

How to Buy dYdX (DYDX) in 2024

By Alice Leetham - Updated 06 December 2022
DYDX Logo DYDX (dYdX)
Price
...
24hr ...
7d ...
Market Cap ...
DYDX Logo
Fact Checked
While all our writers independently research and evaluate every product that we write about, this post may contain references to products from our partners that we may earn commission from. This in no way affects how we evaluate them. Find out more about how we test and how we fund this site.

dYdX is a decentralised exchange for trading cryptocurrency derivatives. It has the advanced financial tools of a centralised exchange but enables its users to decide the project’s future through its governance token—DYDX. Keep reading to find out how you can purchase DYDX.

How to Buy dYdX

If you’re looking for a simple way to buy dYdX, all you need to do is sign up with a crypto exchange. You can access it online with a computer, smartphone, or tablet to quickly buy and sell dYdX and a range of other cryptocurrencies. The best platforms are listed below as well as a quick step-by-step guide on purchasing dYdX.

1. Choose a platform

To start with, find the broker or crypto exchange that’s right for you. This may be based on the fees it charges, how easy the platform is to navigate, or whether it has any special features such as copy trading. You can find a shortlist of the top platforms later in this guide, but if you’re raring to go, simply sign up with one of our top choices below.

2. Create and fund your account 

Once you’ve found a platform, you will need to provide an email address and password to create an account. The verification process may require additional documentation such as a photo ID if the platform is KYC-compliant. Then head to the deposit page and choose one of the supported payment methods to fund your account.

3. Buy dYdX

With a funded account, you can purchase DYDX. It’s possible you may have to purchase BTC or USDT first if DYDX isn’t available in a trading pair with your local currency. To make your purchase, enter how much you want in a buy order. A market order executes immediately, while a limit order lets you specify a future price to buy at.

Table of Contents
1
Min Deposit
$ 100
User Score
4.95
Up to $240 bonus!
Build a diversified portfolio with crypto, stocks, and ETFs — all in one place.
Trade on the world's leading social trading and investing platform
Open Account
Description:
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Payment Methods:
Bank Transfer, Debit Card, PayPal, Credit Card, Wire Transfer
Full Regulations:
CySEC, FCA
2
Min Deposit
-
Promotion
User Score
4.45
Sign Up Bonuses
App Available
Supports Multiple Altcoins
Visit Site
Description:
KuCoin is a global cryptocurrency exchange for numerous digital assets and cryptocurrencies. Launched in September 2017, KuCoin has grown into one of the most popular crypto exchanges and already has over 5 million registered users from 200+ countries and regions. According to Alexa traffic ranking, KuCoin’s monthly unique visit ranks the top 5 globally.
Payment Methods:
Bank Transfer, Debit Card, neteller, Credit Card, WebMoney, Mastercard, American Express, AdvCash, Payeer, Perfect Money, Apple Pay, Discover, Banxa, Simplex, Bank Transfer: SEPA, AirTM, Wise, Cash App, skrill, Zelle
Full Regulations:
3
Min Deposit
$ 1
Promotion
User Score
4
Trade with up to 5X leverage for spot trading
Buy cryptocurrency with your credit card via our partner
Client funds held in dedicated multi-signature cold wallets
Visit Site
Description:
Start Your Cryptocurrency Journey Today. Huobi Global has a variety of features that make it an ideal place to buy and sell digital asset.
Payment Methods:
Bitcoin
Full Regulations:

Where to Buy dYdX?

There are many crypto brokers and exchanges out there but not all of them offer DYDX. Some of them may even be unsecure or unscrupulous, which is why it is important to select a platform that is reputable and regulated. To make things easier, here are some of the best and safest platforms for purchasing DYDX.

Things to Consider When Buying dYdX

It is imperative that investors are well-informed about a project before committing any of their own money to it. Here are some factors about dYdX that you may want to consider before making a purchase.

  • Strong Backing. As well as a strong community of users, dYdX received financial backing from some of the biggest names in the crypto industry, including Andreessen Horowitz, Paradigm, Polychain, and Coibase CEO Brian Armstrong.

  • Decentralisation. Although dYdX has the tools and user experience typical of a centralised exchange, the DYDX token provides governance rights, enabling holders to decide on the parameters and future of the protocol.

  • Incentives and Rewards. dYdX aims to drive future growth, with traders on the platform being rewarded with DYDX tokens. What’s more, DYDX holders receive trading fee discounts and can stake their tokens for further rewards. This could drive demand for DYDX, making it more valuable as the project develops.

1
Min Deposit
$ 100
User Score
4.95
Up to $240 bonus!
Build a diversified portfolio with crypto, stocks, and ETFs — all in one place.
Trade on the world's leading social trading and investing platform
Open Account
Description:
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Payment Methods:
Bank Transfer, Debit Card, PayPal, Credit Card, Wire Transfer
Full Regulations:
CySEC, FCA
2
Min Deposit
-
Promotion
User Score
4.45
Sign Up Bonuses
App Available
Supports Multiple Altcoins
Visit Site
Description:
KuCoin is a global cryptocurrency exchange for numerous digital assets and cryptocurrencies. Launched in September 2017, KuCoin has grown into one of the most popular crypto exchanges and already has over 5 million registered users from 200+ countries and regions. According to Alexa traffic ranking, KuCoin’s monthly unique visit ranks the top 5 globally.
Payment Methods:
Bank Transfer, Debit Card, neteller, Credit Card, WebMoney, Mastercard, American Express, AdvCash, Payeer, Perfect Money, Apple Pay, Discover, Banxa, Simplex, Bank Transfer: SEPA, AirTM, Wise, Cash App, skrill, Zelle
Full Regulations:
3
Min Deposit
$ 1
Promotion
User Score
4
Trade with up to 5X leverage for spot trading
Buy cryptocurrency with your credit card via our partner
Client funds held in dedicated multi-signature cold wallets
Visit Site
Description:
Start Your Cryptocurrency Journey Today. Huobi Global has a variety of features that make it an ideal place to buy and sell digital asset.
Payment Methods:
Bitcoin
Full Regulations:

Related Content

Cronos Logo

Cronos (CRO)

Celsius Logo

Celsius (CEL)

SushiSwap Logo

SushiSwap (SUSHI)

Hamster (HAM)

Stratis (STRAT)

Libra (LIBRA)

Before you go! Register with eToro instantly
Open Account