How to buy Deipool (DIP) in Australia

Learn how to buy Deipool (DIP) easily by following a step-by-step guide and compare 10+ crypto exchanges.

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How to buy Deipool

Look for an exchange that supports both fiat and cryptocurrency to simplify buying Deipool.

  1. Open an account on an exchange that supports DIP.
    Unfortunately, at this time no major exchanges in Australia offer DIP, but you may be able to purchase it with another cryptocurrency. Just be sure to follow all legal restrictions and requirements.
  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 Deipool.
  3. Buy Deipool.
    Complete your Deipool purchase and then find the best wallet to store DIP.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

What is Deipool?

Decentralised insurance protocols (DIPs) are platforms that focus on providing decentralised insurance. While the concept of decentralised insurance is still under development, blockchain technology holds obvious benefits for the insurance sector. The clarity of blockchain means there is no need to deal with obscure contractual insurance obligations or underhanded policies. As the service is decentralised, DIPs are able to offer lower service fees and greater transparency. One example of a DIP is Etherisc. Etherisc is a major player in this field and plans to offer over 20 insurance-based services. As of 2021, it has developed a licensed dapp for flight delay insurance. The insurance guarantees instant and automatic payouts through smart contracts. Etherisc DIP (DIP) is the token native to Etherisc’s network and is used for the operation of the platform. The tokens can be used to buy insurance, earn a share of transaction fees and incentivise support for the platform by staking.

Deipool (DIP) is in the top 1,000 cryptocurrencies in the world by market cap. The current price of Deipool is $0.01904664, which is 9.623% higher than yesterday. Prices have ranged between $0.02051439 and $0.01719863 over the past 24 hours. All prices are listed in US dollars and accurate as of January 29, 2022 02:01 UTC.

Where to buy Deipool

Unfortunately, at this time no major exchanges in Australia 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.

Deipool at a glance

Information last updated January 29, 2022 02:01 UTC.
Coin symbol DIP
Coin Marketcap N/A
Total DIP supply 100,000,000
Current price US$0.01904664
All time high US$1.07

Deipool price performance over time

Historical prices compared with the price of US$0.01904664.

1 hour -0.12%
24 hours 9.62%
7 days 15.31%
14 days -35.56%
30 days -39.76%
60 days -50.17%
200 days -67.54%
1 year -84.28%

How to sell Deipool

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

  1. Sign in to the exchange you have DIP on.
    If you store your Deipool in a digital wallet, compare crypto exchanges to sell it on.
  2. Place a sell order.
    Choose the amount of DIP you'd like to sell.
  3. Complete your transaction.
    Confirm the sell price and fees and close your sale of Deipool.

What to consider when buying Deipool

Decentralised insurance protocols are a relatively new sector of the cryptocurrency industry. Therefore, it is good practice to evaluate the risks.
  • Regulation. While traditional financial products are heavily regulated, decentralised financial products and associated cryptocurrencies are often referred to as the “wild west” of finance. Though governments are trying to bring stricter regulations and harsher penalties into the field, the decentralised and speculative nature of crypto makes this a difficult task. However, as of 2021, Etherisc is fully licensed and abides by US government insurance regulations. But be aware of the fact that the sector is constantly evolving and changes in legislation could impact DIP’s viability as an investment.
  • Development. DIPs already have many practical use cases. As blockchain flexibility increases, it is believed users will be allowed to request new insurance products on an ad-hoc basis and even develop their own. However, as of writing (June 2021), the only DIP application available is flight delay insurance. Many others have been designed, but they are still not functional. How applications are developed and implemented will play a major role in Etherisc DIP’s future success.
  • Accessibility. The Etherisc DIP token is not currently available through popular cryptocurrency exchanges like Binance, Coinbase or Kraken. A user will need to acquire the token through an altcoin exchange like Bilaxy or a decentralised exchange like Uniswap.

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

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