How to buy district0x (DNT) in Australia
Learn how to buy district0x (DNT) on 13+ crypto exchanges in our step-by-step guide.
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You can buy district0x (DNT) on a cryptocurrency exchange like Digital Surge. These specialised marketplaces that allow you to buy and sell cryptocurrencies, and work similar to stock trading platforms. Every blockchain project is, at its core, a network, and district0x asks, what if there was a network of networks? According to CoinDesk, district0x offers an open-source platform for its users to build their own decentralized marketplaces and communities. Here's how to buy district0x.
How to buy district0x in 4 easy steps
The whole process can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment.
- Compare crypto exchangesThe easiest way to buy district0x is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.
- Create an account To create an account on an exchange, you will need to verify your email address and identity. Have some photo ID and your phone ready.
- Make a depositOnce verified, you can deposit $ using the payment method that best suits you – bank transfer, cryptocurrency, poli and osko payments are widely accepted.
- Buy district0x You can now exchange your funds for district0x. On easier-to-use exchanges, this is as simple as entering the amount you want to purchase and clicking buy. If you like, you can now withdraw your district0x to your personal wallet.
Where to buy district0x in Australia
Find an exchange to buy, sell and trade DNT by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.
How do I find the best places to buy district0x?
Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods. You can use our table to compare the features of popular cryptocurrency exchanges available in Australia to help you choose the one that's right for you.
Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review page.
What will I need to buy district0x?
To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it's a good idea to have those ready.
An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading district0x.
- This process is known as Know Your Customer (KYC) and usually requires photo ID and a webcam or smartphone. You may also need to prove your address by uploading a copy of a recent bank statement or utility bill.
- Some exchanges allow you to deposit and trade cryptocurrencies without passing KYC, but they will not allow you to transfer local currency from your bank account. So if you are planning on purchasing DNT with your local currency then you will need to pass KYC.
- Once you have verified your identity, it is a good idea to enable 2-factor authentication (2FA) before depositing any funds. This will increase the security of your account and help keep your funds safe.
Where can I buy district0x with a credit or debit card?
Once you've created an account, you will need to deposit funds to buy DNT with. You can either deposit local currency from a bank account or credit card, or transfer cryptocurrency from another exchange or wallet. Here are popular deposit methods to buy DNT on the following exchanges:
- Bank account: Transfers from local bank accounts are usually free, but you will need to double-check this with the exchange you choose – this information can be found in our table by clicking on 'view details'.
- Credit or debit card: Linking a card to your account is another convenient way to top up your account, but be aware that it usually attracts an additional fee. An advantage, though, is that you can use a card to make instant purchases or set up a recurring purchase.
- Cryptocurrency: You can usually purchase DNT by trading it for another cryptocurrency like Bitcoin or a stablecoin. This varies between exchanges though, so you will need to search for DNT on the spot market to see what cryptocurrencies it can be traded for.
What is the easiest way to buy district0x?
The easiest way to buy DNT is by placing an 'instant buy' order to purchase it for a fixed price but not all crypto exchanges offer this feature.
Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more expensive than using the spot market.
Before buying DNT, you may want to check the market conditions. To help you decide if now is the right time to buy, you can take a look at our Analysis tools to get an idea of how the price of district0x has been performing recently.
Best district0x wallets to store your DNT
You can keep your DNT on the exchange you purchased it on, or move it to a personal wallet:
- Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
- Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can learn more about wallets and compare them with our comprehensive guide.
Is district0x a good investment?Lots of crypto projects talk the DAO talk, but with three distinct districts live, district0x would seem to be walking the DAO walk. But should you buy the coin? Here are a few things that might help you make up your mind.
- After its launch in 2018 saw the usual price bounce, there was a lengthy period when the coin held steady at a very low price – before it suddenly rallied again towards the end of last year after becoming listed on Coinbase. This was good for holders of the token, but if you’re looking for the ‘Coinbase effect’ here, you may have missed the boat.
- DNT is available on most major exchanges, including Coinbase, Binance and Uniwap. It’s an ERC-20 token, which means you can easily pay for it with other ERC-20 tokens, or ETH itself.
- In a sign of its age, DNT is not a proof of stake token – which means there are no staking rewards.
- Note that DNT is the utility token within district0x’s platform – or, to be more accurate, its user-generated platforms. Payments actually conducted within the ecosystem are paid in other currencies, most often ETH.
- As a utility token, DNT’s viability and value are both intrinsically connected to district0x’s ability to onboard new users and host the networks they build. There is plenty of activity around the projects that are live, but it is unclear just how truly independent and ‘user-generated’ they are. That said, they seem serious about attracting ambitious ideas – the reward for having a proposal accepted and delivered is 500,000 DNT, which at the time of writing (22 July 2021) is worth just short of $5900 USD.
Additional information about district0x can be found using our DNT analysis tools.
Today's district0x price versus ATH
Compare today's price of district0x ($0.04951258 USD) against its all-time-high price of $0.48337 USD on 19 April 2021. The closer the bar is to 100%, the closer DNT is to reaching its ATH again.
ATH date: April 19, 2021
district0x ATH: $0.48337 USD
How to trade, convert or sell district0xYou can convert or sell your DNT with the same exchange you bought it through:
- Sign in to the exchange you have DNT on.
- If you store your district0x in a digital wallet, compare crypto exchanges to convert or sell it on.
- Choose Sell or Convert and place a sell order.
- Choose the amount of DNT you'd like to convert or sell.
- Confirm the sell price and fees and close your sale of district0x.
- Complete your transaction and move your DNT to a wallet for storage.
Disclaimer: Cryptocurrencies, including district0x, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of DNT 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 district0x or any other cryptocurrency discussed.
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