How to buy DeFiPulse Index (DPI) in Australia
A beginner's guide to buying and selling DPI in Australia.
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How to buy DeFiPulse Index
Look for an exchange that supports both fiat and cryptocurrency to simplify buying DeFiPulse Index.
- Open an account on an exchange that supports DPI.
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.
- 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 DeFiPulse Index.
- Buy DeFiPulse Index.
Complete your DeFiPulse Index purchase and then find the best wallet to store DPI.
What is DeFiPulse Index?
The DeFi Pulse Index is a capitalization-weighted index that has been built atop Set Protocol’s new V2 infrastructure. In essence, the platform allows users to view as well as invest indirectly into the ten most popular decentralised finance (DeFi) tokens available on the Ethereum ecosystem at any given time. DPI tokens are the native cryptocurrency of the platform. They enable holders to own, gain exposure and even redeem all of the underlying coins that make up the DeFi Pulse Index.
DeFiPulse Index (DPI) is the 255th largest cryptocurrency in the world by market cap, valued at $106,232,150. The current price of DeFiPulse Index is $244.57, which is 6.065% higher than yesterday. Prices have ranged between $252.86 and $223.65 over the past 24 hours. All prices are listed in US dollars and accurate as of June 24, 2021 02:06 UTC.
Where to buy
Unfortunately, at this time no major exchanges 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.
DeFiPulse Index at a glance
|Total DPI supply||437,185|
|All time high||US$656.49|
|Token uses||Index token|
DeFiPulse Index price performance over time
How to sell DeFiPulse Index
You can cash out your DPI with the same exchange you bought it through:
- Sign in to the exchange you have DPI on.
If you store your DeFiPulse Index in a digital wallet, compare crypto exchanges to sell it on.
- Place a sell order.
Choose the amount of DPI you'd like to sell.
- Complete your transaction.
Confirm the sell price and fees and close your sale of DeFiPulse Index.
What to consider when buying cryptocurrencyBuying cryptocurrency can be a risky endeavor, but there are precautions you can take to help mitigate risk:
- Don't FOMO buy coins: Spend time researching a coin before you decide to invest, particularly if the coin's price is spiking for seemingly no reason.
- Stick with well known exchanges: Unless you're an experienced cryptocurrency trader, stick to more well known crypto exchanges to help avoid the possibility of losing your money in a scam. When possible, store your crypto on a hardware wallet instead of on an exchange.
- Look into the coin's founders and developers: Anonymous teams are often a red flag, so if you can't find details on the creator of the coin you may want to consider investing in a different cryptocurrency.
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