Did you made up your mind to invest in BitDAO but don’t really know how to buy BIT. Well then if that’s the case then we are more than happy to assist you on this one right here. There are several methods to purchase BitDAO (BIT), but a exchange is likely to be the most accessible for newcomers. We will guide you step by step from depositing your money to finally getting the BitDAO in your wallet. Let’s get into the crux and see what the process looks like.
Below are the popular crypto exchanges based on user experience,security,fee structure and supported coin, that you can use to purchase BitDAO (BIT) in 2022.
Before moving forward i want to make it clear that the ranking of these exchanges are in no particular order. With that in mind - Let’s explore these crypto platforms one by one so that you can select the best cryptocurrency exchange to buying your BitDAO.
FTX is a cryptocurrency futures exchange that has swiftly established itself in a rapidly growing section of the cryptocurrency trading industry.
The exchange has received a lot of favorable feedback from the crypto trading community and already has strong daily trading volumes. This is pretty significant given the platform's relative young and the fact that FTX is not available to anybody located in the United States.
The exchange debuted in May 2019 and offers its users a variety of unique trading products such as Bitcoin options, over 45 leveraged tokens, 20 continuous swaps, MOVE contracts, and futures markets.
The signup procedure is basic and similar to that of other cryptocurrency exchanges. You can begin by doing the following:
Step 1: By selecting the "Register" tab at the top right of the home page. In the pop-up registration box that appears, enter your email address and password.
Step 2: To register an account and receive a confirmation email, click the "Sign Up" button.
Step 3: By clicking on "Account Security" and selecting Authy, Google Authenticator, or SMS, you may now safeguard your account.
Step 4: You can now deposit funds to trade; however, your account has a total withdrawal restriction of $1,000 until KYC verification is completed.
Step 5: To finish the KYC verification procedure and unlock larger withdrawal limits, go to the "Settings" tab.
Buying BitDAO on FTX Exchange is pretty easy and you can follow the below guide to purchase your first BIT
1. Log in to your FTX account.
2. On the upper right-hand side, click Wallet.
3. Select the asset you want to Deposit by clicking the Deposit button.
4. Enter the amount you want to buy in crypto or your local money.
5. Choose a payment method. To confirm your purchase, click Deposit USD (you can always click the back arrow to make a change).
6. If all of the information is accurate, click Buy to complete your transaction.
Gate.io is a Cryptocurrency exchanges platform that allows you to trade Bitcoin, Litecoin, Eth, and other blockchain assets. Within a few years, the exchange acquired global traction and is today available in virtually every country on the planet. However, the platform is presently not active in China, and its registered office has been relocated to Virginia, USA.
This trading platform not only supports over 800 main cryptocurrencies with over 1,000 trading pairings, but it also offers spot trade and margin trade. It has also expanded its offerings to include ETFs, options, futures, and derivatives for investors. It is primarily a platform for professional traders. Beginners with minimal expertise, on the other hand, will benefit from this platform as well.
Creating an account on Gate.io is pretty simple and straightforward, just follow these simple steps below.
Step 1: Go to the official Gate.io website and click Sign Up.
Step 2: On the next screen, enter your email address, and create a password.
Step 3: Next: You must generate a fund password (This password adds an extra layer to your security as without this key no one can withdraw funds from your account).
Step 4: You will be prompted to confirm your email address.
Step 5: Once you've verified your email, you can simply Login to the site and begin trading!
Note: Due to changing regulations, You might need to go through a KYC process to verify your identity.
Follow our step by step guide to buy BitDAO (BIT) on gate.io:
1. Log in to your Account on Gate.io.
2. Click Buy Crypto fro main menu located at top bar. Here you will find three ways to buy BIT coin (Credit card, Bank Transfer, P2P Trade).
3. Enter the purchase amount in USD. Now select/search BitDAO from dropdown menu.
4. Incase of Credit card, gate.io offer multiple processing partners, select the one that offer services in your country.
5. Accept the terms and conditions and click Purchase.
Now you are Proud investor in BitDAO (BIT).
If you want to buy BitDAO with another cryptocurrency. First, Transfer that currency into the Gate.io exchange using Deposit method after that go to the market page, search for BIT and buy it using your deposit cryptocurrency.
Aside from using above popular platforms, there are variety of smaller cryptocurrency exchanges where you can buy BIT.
|1. Bybit (Spot)||Join Now|
|2. BitMart||Join Now|
|3. LBank||Join Now|
|4. MEXC Global||Join Now|
|5. BKEX||Join Now|
|6. Hoo.com||Join Now|
|7. AEX||Join Now|
|8. XT.COM||Join Now|
|9. CoinEx||Join Now|
|10. Poloniex||Join Now|
Below, you will find comprehensive and detailed review about top rated decentralized exchanges using which you can buy BitDAO (BIT) easily.
SushiSwap is an exchange that is moving in line with the larger uniswap ecosystem. It uses a system called an automated market maker to settle orders just like uniswap or pancakeswap.
While traditional exchanges have order books with buyers and sellers, SushiSwap uses an algorithm to create a "liquidity pool" of tokens. This way, users are able to trade in a range of prices. Tokens are listed in the "liquidity pool" based on price history.
There are a number of people behind the project, including 0xMaki, who is an anonymous core contributor, and Joseph Delong, the Chief Technology Officer. These members will also remain anonymous, as it is the policy of the company not to disclose who they are or their positions with the project. Although SushiSwap has no current investors, there are discussions about acquiring funds in the future.
The first step is to connect your wallet to the SushiSwap pool. This is very easy, as the platform supports MetaMask and WalletConnect. Once connected, you'll need to select a token and swap it with desired token.
Choosing the best cryptocurrency platform for BitDAO (BIT) might be a difficult task, there are various factors that one should consider before selecting a crypto exchange. These include the fees structure, security, exchange features, and whether it is based on fiat or crypto.
Remember, once you have shortlisted some exchanges, do your research on each of them to identify the most appropriate for you.