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How to Buy dYdX (DYDX) in 2022

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DYDX (dYdX)
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7 DAYS CHANGE
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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 in 3 Simple Steps

1. Choose a broker or exchange

To start with, find the broker or 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 our first choice right now.

1
Min. Deposit
$10
Promotion
User Score
10
Accepts customers from the USA
Deposit $100 and get a $10 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
Start Trading
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, Wire Transfer
Full regulations list:
CySEC, FCA

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.

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Buy dYdX Today!

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.

1
Min. Deposit
$10
Promotion
User Score
10
Accepts customers from the USA
Deposit $100 and get a $10 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
Start Trading
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, Wire Transfer
Full regulations list:
CySEC, FCA
2
Min. Deposit
-
Promotion
User Score
9.3
Global new first-tier exchange
Supervision and audit from third-party institutions
Operating through multiple platform terminals
Start Trading
Description:
BKEX is a centralized cryptocurrency exchange located in British Virgin Islands. There are 254 coins and 415 trading pairs on the exchange.
Payment Methods
Full regulations list:
3
Min. Deposit
$1
Promotion
User Score
8.7
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
Start Trading
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 list:
4
Min. Deposit
-
Promotion
User Score
8.5
Sign Up Bonuses
App Available
Supports Multiple Altcoins
Start Trading
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
Full regulations list:
5
Min. Deposit
-
Promotion
User Score
7.9
Supports USDC
Cold Storage & 24/7 Monitoring
Advanced Trading Tools
Start Trading
Description:
Founded in 2014, Poloniex is a global crypto-to-crypto exchange headquartered in Seychelles. As of Feb 2020, it has over 100 markets available for spot trading and offers features such as margin trading, lending, and staking. Poloniex allows users to trade on the web, Android, iOS, Websocket, and HTTP APIs
Payment Methods
Full regulations list:

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.

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