How to buy DODO (DODO) in Australia
A beginner's guide to buying and selling DODO in Australia.
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How to buy DODO
Look for an exchange that supports both fiat and cryptocurrency to simplify buying DODO.
- Open an account on an exchange that supports DODO.
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 DODO.
- Buy DODO.
Complete your DODO purchase and then find the best wallet to store DODO.
What is DODO?
DODO is a decentralised exchange that employs the Proactive Market Maker (PMM) algorithm. From an operational standpoint, the platform makes use of capital-efficient liquidity pools that help minimize issues related to impermanent loss as well as slippage. Furthermore, the protocol also utilizes a decentralised liquidity aggregation service — referred to as SmartTrade — which basically shows users the price spread of any two tokens across a number of different liquidity sources. DODO token is the governance currency of the platform, granting holders a wide range of benefits such as trading fee discounts and Crowdpooling/IDO allocations on the platform. Not only that, these tokens can also be staked in order to acquire vDODO, which are basically utility coins that can be redeemed as part of DODO’s loyalty program.
DODO (DODO) is the 219th largest cryptocurrency in the world by market cap, valued at $127,288,756. The current price of DODO is $0.973093, which is -1.313% lower than yesterday. Prices have ranged between $0.991342 and $0.775798 over the past 24 hours. All prices are listed in US dollars and accurate as of June 23, 2021 05:06 UTC.
Where to buy DODOFind an exchange to buy, sell and trade DODO by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.
DODO at a glance
|Total DODO supply||1,000,000,000|
|All time high||US$8.38|
|All time high date||February 20, 2021|
|Notable team members||Diane Dai|
DODO price performance over time
How to sell DODO
You can cash out your DODO with the same exchange you bought it through:
- Sign in to the exchange you have DODO on.
If you store your DODO in a digital wallet, compare crypto exchanges to sell it on.
- Place a sell order.
Choose the amount of DODO you'd like to sell.
- Complete your transaction.
Confirm the sell price and fees and close your sale of DODO.
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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