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.

  1. 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.
  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 DeFiPulse Index.
  3. Buy DeFiPulse Index.
    Complete your DeFiPulse Index purchase and then find the best wallet to store DPI.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

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

Information last updated June 24, 2021 02:06 UTC.
Coin symbolDPI
Total DPI supply437,185
Circulating DPI437,185
Current priceUS$244.57
All time highUS$656.49
IndustryIndex
Token usesIndex token
NetworkEthereum

DeFiPulse Index price performance over time

Historical prices compared with the price of US$244.57.

1 hour 0.86%
24 hours 6.06%
7 days -25.47%
14 days -28.04%
30 days -16.29%
60 days -45.23%
200 days 134.07%
1 yearN/A

How to sell DeFiPulse Index

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

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

What to consider when buying cryptocurrency

Buying 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.

Disclaimer: Cryptocurrencies, including DeFiPulse Index, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of DPI 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 DeFiPulse Index or any other cryptocurrency discussed.

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