How to buy, sell and trade DENT (DENT) | finder.com.au

How to buy DENT

How DENT works and where to buy and sell it

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DENT Wireless as it’s officially known, aims to use cryptocurrency to democratise mobile data and bandwidth in a peer-to-peer economy. In simpler terms, it aims to help users buy and sell their mobile data.

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Quick guide: How to buy DENT

  1. Register for an account with a cryptocurrency exchange like CoinSpot.
  2. Enable 2-factor authentication.
  3. Verify your account.
  4. Click “Deposit AUD”.
  5. Transfer funds into your account.
  6. Click “Buy/Sell” at the top of the screen.
  7. Search for the cryptocurrency you want and click “Buy”.
  8. Enter the amount you want to buy, or the amount of AUD you want to spend.
  9. Review the transaction details.
  10. Click “Buy”.
Go to CoinSpot's site

This is our quick guide to just one way to buy DENT. Compare some other options in the table below.

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Where to buy and sell DENT coins

Find an exchange to buy, sell and trade DENT by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.

Name Product Deposit methods Fiat Currencies Cryptocurrencies
Swyftx Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, Osko, PayID
AUD

257
cryptocurrencies

Buy and sell a wide range of cryptocurrencies at competitive rates on this Australian exchange.
CoinSpot Cryptocurrency Exchange
Bank transfer, BPAY, Cash, Cryptocurrency, POLi, PayID
AUD

276
cryptocurrencies

CoinSpot is an Australian exchange that lets you easily buy, sell and trade more than 250 cryptos.
Binance Cryptocurrency Exchange Australia
Credit card, Cryptocurrency, Debit card, Osko, PayID
USD, AUD, GBP, CAD, EUR, CNY, RUB, TRY, NGN, UAH & 40+ more

261
cryptocurrencies

Binance is the world’s largest exchange by trading volume. Get started with instant zero fee AUD deposits and withdrawals in Australia, and enjoy low trading fees, a wide selection of cryptocurrencies and 24/7 local customer support.
Crypto.com App
Credit card, Cryptocurrency, PayPal, TransferWise, SEPA
USD, AUD, CAD, CHF, EUR, GBP, NZD, SGD, JPY, ZAR & 9+ more

67
cryptocurrencies

Finder Exclusive: Get 0% fees on credit/debit card purchases for 30 days after signup.
Buy 80+ cryptocurrencies, earn up to 8% p.a. on holdings, pay with your crypto for cashback at stores, get loans and more with this complete crypto-finance platform.
Bittrex Global
Bank transfer, Credit card, Cryptocurrency, Debit card
USD

273
cryptocurrencies

Buy from one of the largest cryptocurrency exchanges with a selection of over 190+ cryptocurrencies and 3 USD pairings.
CoinSwitch Cryptocurrency Exchange
Credit card
USD, JPY, RUB, EUR

387
cryptocurrencies

CoinSwitch allows you to compare and convert over 250 cryptocurrencies across all exchanges.
KuCoin Cryptocurrency Exchange
Cryptocurrency, Interac e-Transfer, PayPal, Wire transfer, Credit or Debit Card
USD, EUR, GBP, RUB, CNY, AUD, KRW, JPY, TRY, VND & 40+ more

211
cryptocurrencies

Finder Exclusive: Get up to 10 USDT in trading fee rebates for signing up and making a deposit, and up to 30 USDT in trading fee rebates after buying with fiat. T&Cs apply.
Browse a variety of coin offerings in one of the largest multi-cryptocurrency exchanges and pay in cryptocurrency.
HitBTC Multi-currency Exchange
HitBTC Multi-currency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, SEPA
USD, EUR

212
cryptocurrencies

Buy crypto with fiat (USD/EUR) and trade over 150 other digital assets on this Europe-based exchange platform.
Liquid Cryptocurrency Exchange & Margin Trading
Bank transfer, Cryptocurrency, SWIFT, Credit or Debit Card, SEPA
AUD, EUR, JPY, USD, SGD, PHP, HKD

132
cryptocurrencies

Disclaimer: Highly volatile investment product. Your capital is at risk.
Liquid is a unified, globally-sourced trading platform that bridges the worlds of fiat and crypto.
OKEx Cryptocurrency Exchange
Bank transfer, Cryptocurrency, iDEAL, PayPal, POLi, SEPA, Faster Payments (FPS)
USD, CNY, EUR, ARS, AUD, BGN, BRL, CAD, CHF, COP & 20+ more

269
cryptocurrencies

Listing over 100 cryptocurrencies, OKEx offers its users a variety of payment methods and coins to choose from.
IDEX Cryptocurrency Exchange
Cryptocurrency
-

257
cryptocurrencies

A decentralised cryptocurrency exchange where you can trade over 250 ERC20 tokens.
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Compare up to 4 providers

What wallet can I use for DENT?

The Coinomi multi-currency wallet supports DENT.

You can also hold DENT in MyEtherWallet by adding it as a custom token. You can then link that wallet to a Ledger Nano S hardware wallet for extra-secure offline storage.

To add a custom token, follow these steps.

  1. First check whether it’s already available. It may have been added recently. If so, you don’t need to go through these steps.
  2. On the “Send Ether & Tokens” page of MyEtherWallet you’ll see a button labelled “Add Custom Tokens”. It’s in the Token Balances box. Click on that button.
  3. You’ll now need to input an Address, Symbol and Decimal. These will indicate the token that you want to add to your wallet. Go to https://ethplorer.io/ to find these. We’ve also put them below, but it’s a good idea to check for yourself.
  4. At Ethplorer, search for the name of the token in the search bar. Add the listed Address, Symbol and Decimal to the fields in MyEtherWallet.

How to buy DENT

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

  1. Open an account on an exchange that supports DENT.
    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 DENT.
  3. Buy DENT.
    Complete your DENT purchase, then compare wallets to store your DENT.

How to sell DENT

If you're already holding DENT, the steps to sell it are essentially the same as those for buying but in reverse. The obvious difference is that you'll be choosing "Sell" on your chosen exchange, then exchanging DENT for an available cryptocurrency pairing. DENT is most commonly available as a pairing with BTC, ETH or NEO, but some exchanges may offer others.

How does DENT work?

DENT Wireless has three stated goals.

  • The liberation of mobile data. It wants to let customers buy and sell their mobile data peer-to-peer as quickly and easily as possible, to eventually create a global marketplace for mobile data and bring prices down all around the world.
  • The removal or minimisation of data roaming fees. DENT aims to remove the concept of data roaming by using a system called “Local Breakout” that automatically routes data in the most efficient way possible. Currently, data roaming fees are used to offset the costs of inefficiently routing data, for example from someone's home country to the country the person is in currently.
  • To help drive the data sharing economy. Just as Airbnb is driving shared living space, Uber is driving shared transportation and other peer-to-peer systems are emerging, DENT wants to drive shared mobile data.

To try to accomplish its goals, DENT uses an ERC20 token on the Ethereum blockchain.

Two of its features are:

  • A single currency. The use of its own currency makes it a lot easier to buy and sell data globally.
  • Smart contract products. When users buy and sell mobile data it comes packaged as a smart contract product. This ensures transparency in the system and means buyers and sellers can’t cheat each other.

DENT operates through a mobile app with the aim of making buying, selling and sending data as easy as using any other app.

What to consider if buying DENT

DENT will have a total token supply of 100 billion, of which about 10.7 billion are currently in circulation.

If you’re planning on buying, it’s probably also worth getting the app itself to see how it works, and whether you might simply prefer to use DENT for its intended purpose rather than holding onto its tokens.

The DENT platform is largely operational and has a functional product that appears to be widely used.

It also previously adjusted prices to adapt to the growing value and popularity of the coin, so it's worth considering that DENT’s value might be increased without pricing the token out of usability.

However, it’s also facing extreme competition from other blockchain providers. For example, Sirin Labs’ dedicated blockchain smartphone which is currently under development and has the goal of having DENT-like features built-in.

The Sirin phone is being created with the specific aim of eventually migrating into the IOTA network, and IOTA, IoT Chain and other “Internet of Things” platforms might have the potential to eventually leave DENT obsolete.

But if you’re looking to test drive some blockchain technology in the real world, you may want to test the waters by buying some DENT, getting the app and seeing how it stacks up next to your current mobile data prices.

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance 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 cryptocurrencies discussed.

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