How to buy Lido DAO (LDO) in Australia
Learn how to buy Lido DAO (LDO) easily by following a step-by-step guide and compare 10+ crypto exchanges.
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How to buy Lido DAO
Look for an exchange that supports both fiat and cryptocurrency to simplify buying Lido DAO.
- 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.
- 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.
- Buy Lido DAO.
Complete your Lido DAO purchase and then find the best wallet to store LDO.
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 358th largest cryptocurrency in the world by market cap, valued at $169,202,525. The current price of Lido DAO is $2.35, which is -1.864% lower than yesterday. Prices have ranged between $2.53 and $2.35 over the past 24 hours. All prices are listed in US dollars and accurate as of January 17, 2022 02:01 UTC.
Where to buy Lido DAO
Find an exchange to buy, sell and trade LDO by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.
Lido DAO at a glance
|Total LDO supply||1,000,000,000|
|All time high||US$7.30|
|All time high date||August 20, 2021|
Lido DAO price performance over time
How to sell Lido DAO
You can cash out your LDO with the same exchange you bought it through:
- 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.
- Place a sell order.
Choose the amount of LDO you'd like to sell.
- Complete your transaction.
Confirm the sell price and fees and close your sale of Lido DAO.
What to consider when buying Lido DAOInvesting in cryptocurrency is a risky exercise and it is recommended you research the coin that you're interested in to make sure you understand the benefits and risks involved. Here are some of the key features of LDO you should understand before buying it:
- Distribution. While there are 1 billion LDO tokens, two-thirds of tokens are currently locked with Lido DAO founding members. After 1 year the tokens held by Lido DAO founding members will be vested over the next year. As of January 2021, only 0.4% of LDO are unlocked.
- Major backers. In December 2020 European digital asset investment company KR1 invested $US0.15 million in Lido in exchange for LDO tokens.
- stETH vs LDO. According to the Lido website Lido has two tokens: stETH token which is a proxy for Ethereum and LDO which is the governance token. Think of stETH token as the liquid alternative for staked Ether, as it can be transferred and traded freely. stETH has the same value as the Ethers that are staked on Lido. LDO, on the other hand, gives users voting rights in Lido.
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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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