How to buy Dent Buy DENT in 4 steps

how to buy dent coin

Dent is quite unlike other popular cryptocurrencies such as Litecoin and Bitcoin, which are used mostly for online and offline payments. Therefore, it is unlikely that you will find merchants accepting Dent in exchange for goods and services. Wallet CombinationsWhen it comes to cryptocurrency storage, it’s never a good idea to put all your eggs in one basket. Hence, you should opt for at least two different wallets, and spread your DENT holdings among them. What’s more, some wallets can also be linked with each other, facilitating easy movement of funds between them.

how to buy dent coin

It’s important to store your newly-bought digital assets if you are planning to hold it long-term. Speaking of Dent app, do you know that you can earn crypto by simply logging into the app daily for rewards, watching videos on the app, and doing other simple tasks. By trading on Bittrex, you can support blockchain technology at the same time. The UI is easy to understand, you can earn crypto for inviting your friends to the platform, and you can even submit your own token for listing.

Step 1: Pick a trusted and reliable crypto exchange

Fund your account with your preferred payment method, then search for ETH. Select the trading pair with your local currency, and click “buy”. The Dent platform relies on the proof-of-stake (PoS) consensus technique to function. Unlike Bitcoin, which uses a proof-of-work (PoW) consensus method, Dent enlists the help of big stakeholders to act as nodes and transaction validators. DENT’s creators had the concept of creating a platform where each user may resell their mobile traffic (Internet, calls, etc.) to other members of the network.

Buying Dent via Bank Transfer Bank transfer continues to be the most commonly opted-for method to purchase cryptocurrencies online. Be that as it may, payments made this way can take more time than credit/debit cards, due to a bank’s involvement. Some of the well-known brokerage platforms accept many different fiat currencies via bank transfer.

Best Crypto Wallets

Furthermore, there may be restrictions imposed by government, exchange or tax laws on the maximum permissible purchase of cryptocurrencies, in your state/country. You’ll need to check with your local crypto regulator regarding this. Buying Dent with Cash While many people would prefer to buy Dent with cash, as it would involve no fee at all, it’s almost impossible to do so. The only way you can acquire Dent this way is by entering into a private transaction with someone you trust and know, which isn’t very easy at all. It’s no news that different countries have different laws when it comes to the payment options offered in their jurisdictions.

  • An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading Dent.
  • The token is integrated into Dent’s platform, so users will need to use Dent tokens to purchase mobile data on its marketplace.
  • Dent is trying to liberate the functioning of mobile data by allowing users to exchange/trade their unused data through Dent Platform which is built on Ethereum blockchain.
  • Roughly half the world’s population now has limited access to mobile services due to the exorbitant rates traditionally offered by mobile operators.
  • Dent is an ERC-20 token, which means it can only be used on the Ethereum blockchain.

The company’s mission is to decentralize mobile data by allowing anybody to purchase, sell, and give data over the Ethereum blockchain. It’s usually small compared to what is charged by crypto exchanges. Furthermore, the deposit fee may also vary depending upon the payment method. If you wish to buy DENT and hold onto your coins, with how to buy dent coin a longer investment horizon, you will require a safe and dedicated wallet to store your coins. Leaving them on a wallet provided by the exchange can be suicidal as there have been major exchange hacks in the past. The cryptocurrency wallets available in the market will vary based on the level of accessibility and security they offer.

Step 4: Know how much you should put in

It can provide various services, including a peer-to-peer (P2P) exchange capability and the ability to make purchases using credit or debit cards. Binance is one of the largest crypto exchanges in terms of volume. The exchange has listed DENT, which lets you purchase Dent tokens with BTC, ETH, and USDT. The cryptocurrency exchange known as Binance is one of the world’s largest and most well-known of its kind. Dent operates on the Ethereum blockchain, allowing for a completely decentralized, secure, and automated global market for mobile data services.

  • Copy-paste the wallet address where your Dent coin shall be sent.
  • Tero Katajainen is the company’s CEO and the mastermind behind all tech at DENT.
  • It’s important to store your newly-bought digital assets if you are planning to hold it long-term.
  • This information can be found by clicking on the exchange name in the table which will take you to its review page.
  • You can earn the cryptocurrency by watching videos on the app, logging into the app daily for rewards, and doing other simple tasks.

Buyers need to have Ethereum coin holdings for purchasing this crypto coin. Investors can trade them in any traditional fiat such as USD if they do not own ETH coins. While Bitcoin refers to a currency built on the blockchain platform, Dent surpasses the boundary of being just a currency for taking up the shape of an entire platform. Investors are holding high hopes about this crypto since its signifies the foremost effort taken for democratizing the whole mobile-data market and telecommunication industry. The fact that Dent coin cannot be mined stands as another potent point of different with Bitcoin. Users can now connect with each other through this crypto ecosystem irrespective of their geo location.