How to buy Lido DAO (LDO) in Australia

A beginner's guide to buying and selling LDO in Australia.

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How to buy Lido DAO

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

  1. Open an account on an exchange that supports LDO.
    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 Lido DAO.
  3. Buy Lido DAO.
    Complete your Lido DAO purchase and then find the best wallet to store LDO.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

What is Lido DAO?

Lido is a DeFi platform that allows users to earn staking rewards on ETH, without losing access to the value of the staked Ether. At the moment, if you commit your ETH to Ethereum 2.0 for stakingyou won't be able to access it until 2022 at the earliest. With Lido, if you deposit ETH into Lido you will receive stETH in return (tokens representing staked Ethereum) and earn staking rewards while being able to use the stETH in various other DeFi protocols. LDO tokens are the native token of Lido and give holders governance rights in the Lido DAO. As LDO a token holder you can decide on Lido's key features such as fees, and execution of Lido upgrades.

Lido DAO (LDO) is the 387th largest cryptocurrency in the world by market cap, valued at $50,010,333. The current price of Lido DAO is $1.77, which is 20.997% higher than yesterday. Prices have ranged between $1.78 and $1.21 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

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.

Lido DAO at a glance

Information last updated June 23, 2021 05:06 UTC.
Coin symbolLDO
Total LDO supply1,000,000,000
Circulating LDO28,412,180
Current priceUS$1.77
All time highUS$5.74
IndustryStaking
Token usesGovernance
NetworkEthereum

Lido DAO price performance over time

Historical prices compared with the price of US$1.77.

1 hour 0.51%
24 hours 21.00%
7 days -23.91%
14 days -33.10%
30 days 3.28%
60 days 102.33%
200 daysN/A
1 yearN/A

How to sell Lido DAO

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

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

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 Lido DAO, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of LDO 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 Lido DAO or any other cryptocurrency discussed.

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