in

THE 5 BEST WAYS TO BUY DYDX IN 2022

DYDX is the governance token of the decentralised non-custodial cryptocurrency exchange of the same name, dYdX.

The main goal of dYdX is to help users earn consistent revenue and incentivise merchants to provide more liquidity to the project’s protocol.

This has led thousands of cryptocurrency lovers to patronise dYdX as one of the best exchanges to conduct their trading and investment activities.

In the long run, this has positively transcended into its native asset, DYDX.

Although mostly used interchangeably, dYdX is the decentralised exchange and DYDX is the cryptocurrency and trading token on which the entire project is traded, on various cryptocurrency exchanges.

Once you do a thorough study of the dYdX project, you will soon realise that the best cryptocurrency exchanges to buy DYDX are very easy to find. You will also soon realise that finding the different exchanges to buy DYDX largely depends on your preferences as well as geographical location.

THE BEST 5 EXCHANGES TO BUY DYDX
Finding the best 5 exchanges to buy DYDX is not an easy task.

Throughout this exercise, we encounter issues of registration difficulties, fees, limits, customer service issues, geographical location restrictions, payment methods, scalability, payment methods and liquidity issues.

These are issues that many novice and novice traders and investors are not aware of and that can become obstacles to quality trading journeys.

After collecting all possible data we could get our hands on, our analysts and experts finally decided on the 5 best exchanges to buy DYDX in 2022.

These exchanges were selected based on the range of payment methods they support, daily volumes, fee regulation and security. They have been recommended to millions of our readers. And the winners are eToro, Binance, OKX, DigiFinex and honourable mentions.

1. eToro

eToro is one of the most popular exchanges in the centralised and decentralised financial market.

As a multi-asset exchange, the platform was launched in 2007. Supporting stocks, commodities and indices at first, the social trading platform enabled support for digital tokens in 2014.

eToro is one of the pioneering exchanges in the world and has been able to serve more than 30 million customers for 15 years without a hitch.

It is one of the most patronised exchanges in the crypto finance space and, as a result, records billions in daily trading volume.

Serving over 100 countries worldwide, many novice traders ask questions such as if DYDX on eToro, does eToro add support for DYDX, can I buy DYDX on eToro, where can I buy DYDX and when did eToro list DYDX, how can I buy DYDX and when did eToro list DYDX?

eToro supports DYDX for trading and announced it on February 1st, 2022.

If you want to know how to buy DYDX, eToro provides a simple registration process.

First, register for an account with eToro.

Secondly, achieve a fully verified status.

Depending on how cooperative you are as a customer, you can be verified in a matter of minutes.

Thirdly, fund your account.

Finally go to the DYDX page (on this page, you can buy any amount of DYDX coins, and it will be processed and added to your investment portfolio).

Before you invest in DYDX through eToro, let us do a thorough review of its pros and cons.

Advantages of eToro:

✅ Smartphone users can access the eToro app through the Apple and Google Play shops. Personal computer users (desktop, laptop and netbook users) can access eToro on the World Wide Web.

Most supported payment methods come with free deposits.

Low trading commissions.

✅ Payment methods are bank transfers; bank cards (VISA, Maestro, MasterCard); and online financial services wallets such as Skrill, PayPal, Neteller and others).

✅ Well-regulated exchange with a high reputation (offices in the United States, the United Kingdom, Cyprus, Australia and Israel).

✅ Supports 48 cryptocurrencies (as of Saturday 19 February 2022).

Demo accounts for beginner traders to learn more about the risks associated with trading.

Highly secure platform.

✅ Offers dyDX Copy trading to help beginners copy the market movements of experts.

High Volume Exchange (records over $1 billion in daily trading volume).

Cons of eToro:

❌ Supports relatively fewer digital currencies.

2. Binance
The Binance Exchange is part of a large project comprising blockchain technology (Binance Smart Chain), decentralised financial protocols and applications (PancakeSwap), non-fungible tokens (NFT) and stablecoins such as Binance United States Dollar (BUSD).

Launched in 2017, Binance is the most sponsored cryptocurrency exchange in the space today.

The exchange serves these customers in more than 180 countries.

Due to the range of currencies supported by the exchange, it has become the go-to platform for several beginners who wish to experiment with the possibilities of digital currencies.

Binance supports DYDX trading and announced it through a blog post on 8 September 2021.

Before we take advantage of Binance’s trading platform to invest in DYDX, let’s look at the pros and cons of the exchange.

Advantages of Binance:

The largest cryptocurrency by market capitalisation (records at least $10 billion in daily volume).

In addition to supporting bank cards, the exchange supports deposits through crypto wallets such as TrustWallet.

✅ Supports more than 300 cryptocurrencies.

✅ Supports more than 1,000 exchanges.

✅ Has one of the lowest trading fees in the crypto finance space.

✅ Highly regulated exchange.

✅ Processes more than 1.4 million orders per second.

✅ Highly secure platform (has the necessary encryptors that protect your escrow wallet).

✅ Stake rewards (on January 21, 2022, Binance launched high-yield DYDY stake).

Cons of Binance:

❌ Complex control panel.

❌ Limited functionality for Binance US users.

❌ NOT compatible with PayPal and Co.

❌ Still mired in various regulatory issues.

3. OKX
Based in Seychelles, OKX was formerly known as OKEX.

Founded in 2017, the exchange is among the most popular and largest by daily trading volume.

OKX believes that decentralised finance offers several opportunities for the underbanked and unbanked.

As a result, it is important to create a stable, reliable and secure environment that helps traders get more out of their financial activities.

Serving more than 20 million customers in over 100 countries, OKX has extensive mileage.

Although it has been mired in some hacking controversies in the past, OKX remains the exchange of choice for millions of traders.

OKX supports DYDX trading and announced it on September 8, 2021.

Let’s look at the pros and cons of OKX.

Advantages of OKX:

✅ Top 5 exchanges in terms of volume (records a minimum of $1 billion daily).

✅ Uses bank-level SSL encryption and cold storage to protect your cryptocurrency holdings.

Supports many payment methods.

✅ Supports more than 440 exchanges.

✅ Supports more than 260 cryptocurrencies.

✅ Well-regulated exchange.

✅ Low trading commissions.

✅ Offers excellent customer service.

✅ Highly accessible exchange (can be found on Apple and Google Play Stores).

OKX Cons:

❌ US residents cannot access the exchange.

❌ There are NO virtual funds for beginners to experiment with the volatile nature of cryptocurrencies.

❌ Users without proper verification status face several limitations.

4. DigiFinex
Although it is difficult to obtain credible data regarding the formation of this exchange, it is believed that DigiFinex was founded in 2017 and became extremely active in 2018.

Although unpopular with trading skeptics, DigiFinex is one of the top 20 cryptocurrency exchanges by daily trading volume.

The exchange supports more than 150 countries and provides trading services to more than 4 million users.

As a highly liquid exchange, DigiFinex featured strongly in Statista’s survey of the largest cryptocurrency exchanges in 24 hours on Monday 14 February 2022.

DigiFinex supports DYDX trading and announced it via a blog on 23 September 2021.

Not surprisingly, DigiFinex is the third strongest marketplace for DYDX after OKX and Binance.

It will only be right that you make a thorough assessment of the pros and cons of DigiFinex before investing in DYDX.

Advantages of DigiFinex:

✅ Supports approximately 174 cryptocurrencies (as of Saturday, February 19, 2022).

✅ Supports approximately 224 exchanges (as of Saturday 19 February 2022).

✅ Highly liquid exchange (at the time of writing, DigiFinex had recorded $1.85 billion in trading volume).

✅ Offers low trading fees.

✅ Offers free deposits.

✅ Has apps in Google Play and Apple shops.

✅ Offers various forms of customer support, such as email and live chat, among others (24/7).

✅ High reputation (no cases of data breaches or hacking).

✅ Highly secure platform (has bank-level security including multiple registration steps).

✅ Offers flexible and cryptographic lending opportunities for liquidity providers to earn passive income.

Highly regulated exchange (prioritises Know Your Customer).

Accepts multiple payment methods.

Cons of DigiFinex:

❌ NOT available for US and Singapore residents.

5. Honourable mentions
Although the above exchanges constitute the best ways to buy DYDX, other exchanges have excellent products that can meet your needs.

Some of the other best exchanges to buy DYDX are FTX, Gate.io, Huobi Global, Bybit, BitMart, KuCoin, Uniswap V3, Crypto.com, Kraken, AAX, SushiSwap, Indodax, Korbit, Poloniex, HitBTC, ZB, Bitrue, BKEX, Nami, LBank, BTSE, AEX, LATOKEN, CoinEx and Bitget among others.

DYDX: INTRODUCTION TO THE CRYPTO WORLD FROM ONE OF THE BEST DECENTRALISED EXCHANGES
In the crypto finance space, there are several projects, and dYdX is one of the best.

dYdX falls under decentralised exchanges which is part of decentralised financial protocols and applications.

Apart from that, it crosses with stablecoins and decentralised oracle networks.

As you navigate the crypto finance space, you will come across various terminologies.

Understanding them will go a long way in helping you on your trading journey. Among others are:

Exchanges: there are centralised cryptocurrency exchanges such as eToro and Binance and decentralised exchanges such as dYdX and Uniswap. These are trading platforms created to exchange fiat currencies for cryptocurrencies and cryptocurrencies for cryptocurrencies.
Blockchain technology: They assist in the creation, distribution, storage and trading of DYDX. Simply put, blockchain technology helps DYDX to pass from one user to another.
Cryptographic wallets: These are software that facilitate access to the Ethereum Blockchain that hosts the dYdX protocol. DYDX-enabled wallets include, among others, MetaMask, Ledger/Trezor, Coinbase Wallet, WalletConnect, imToken, TrustWallet, Atomic Wallet and MyEtherWallet. They help to transfer and store DYDX securely.
Divisibility is one of the hallmarks of DYDX. Like all cryptocurrencies, the divisibility attribute plays a key role in adding value to a token. DYDX can be divided into eight (8) decimal points (1.00000000). At the time of writing, DYDX was trading for $6.5 per coin. You don’t have to buy a full DYDX token if you don’t want to. With $5, you can buy approximately 0.76923076 DYDX.
You will find more terminology as you learn about the best ways to buy DYDX.

COMPARISON OF PAYMENT METHODS USED WHEN BUYING DYDX
There are several methods of payment when investing in DYDX. These include;

Credit/Debit Cards – For many people, credit/debit cards are the easiest and fastest way to buy DYDX.

PayPal – This payment method appears on most exchanges that support DYDX trading. Many experts believe PayPal is one of the easiest ways to buy DYDX.

Cash – This is the only way through which you can buy DYDX anonymously in 2022.

Bank transfer: as one of the safest methods used to buy DYDX, a bank transfer is among the best ways to buy DYDX.

THE CHEAPEST PLACE TO BUY DYDX
eToro is the cheapest place to buy DYDX on our list. You can use various payment methods that come with no deposit fees.

You can also enjoy low trading fees.

THE SAFEST PLACE TO BUY DYDX
The safest place to buy DYDX is eToro. This is because they prioritize KYC and use a variety of security methods to safely protect your escrow wallet.

eToro has been around for a long time and has not been plunged into any cyber security breaches.

THE EASIEST WAY TO BUY DYDX
The easiest way to buy DYDX is eToro and Binance. They are excellent cryptocurrency exchanges that support multiple payment methods.

You can buy DYDX coins and they will be processed for you within seconds.

HOW DO I BUY DYDX NEAR ME?
The only way to buy DYDX near you is via a smartphone. Become a fully verified member of eToro, Binance, OKX and DigiFinex. You can buy DYDX tokens in a short period of time.

THE BEST WAYS TO BUY DYDX ANONYMOUSLY
The only way to buy DYDX tokens anonymously is through an investment group. Therefore, you share all the rewards as well as the losses.

THE BEST WAYS TO BUY DYDX WITH PAYPAL
The best way to buy DYDX with PayPal is to find an exchange that lists the wallet as a payment method. eToro is the only exchange among the best ways mentioned that supports buying DYDX with PayPal.

THE BEST PLACES TO BUY DYDX WITH YOUR BANK ACCOUNT
The best place to buy DYDX with your bank account is through Binance and eToro.

BEST PLACES TO BUY DYDX WITH A CREDIT/DEBIT CARD
The best places to buy DYDX with your debit/credit card are through eToro and Binance.

CONCLUSION
There you have it, a comprehensive list of the best exchanges to buy DYDX.

Make a comprehensive study of the dYdX crypto project and become an integral part of the new financial revolution called decentralised finance.

0 Comments
Inline Feedbacks
View all comments
inversiones 60

NETFLIX (NFLX): IS IT A GOOD BUY?

inversiones 65

WHAT ARE THE 7 BEST TECH STOCKS TO BUY?