How to buy DeFiChain in 2022 ? – A Step by Step Guide
By Kaela R. 8 min read
Where to buy DeFiChain
Below are the popular crypto exchanges based on user experience,security,fee structure and supported coin, that you can use to purchase DeFiChain (DFI) 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 DeFiChain.
1. Binance
Binance gets a lot of things right for traders who wish to focus solely on cryptocurrency. A diverse range of popular cryptocurrencies should appeal to everyone save the most passionate crypto fans.
Low trading costs and volume reductions should entice more active traders, especially because fees elsewhere are far higher.
Newer investors who want customer service may find a better match elsewhere, particularly if they intend to trade other stocks or crypto as a sideline.
Based on what has been discussed so far, Binance is unquestionably the premier Cryptocurrency Exchange, with low costs and excellent digital currency support.
Getting Started with Binance
Users must first create an account in order to utilize the exchange. The procedure is quite quick and straightforward, and you do not need to verify your account for level 1, which has a daily withdrawal limit of 2BTC.
For level 2, which enables up to 100BTC every day, you must upload a picture ID and wait for approval. There are still greater restrictions, but you must contact them personally to arrange for them.
Follow the steps below to open a Binance account:
Step 1: Visit the Binance Website
Step 2: Click on the “Register” option in the upper right-hand corner and complete the relevant information. Binance will validate your account details throughout the registration process, which may take a few minutes.
Step 3: Enable 2-Factor Authentication.
Step 4: Select and Link you payment Methods.
Step 5: Deposit and Start trading.
How to buy DeFiChain on Binance
Binance has a rich collection of tools and dashboards that might be overwhelming. Its Buy Crypto page makes it easy to cut through the confusion and conduct straightforward transactions. It has a simple interface where you can buy, sell, or convert cryptocurrency.
1. Login to your Binance account and on the homepage click on the “Buy Crypto “Button.
2. You can purchase DeFiChain (DFI) using a variety of fiat currencies. Enter the amount of fiat money you wish to spend, and the system will calculate the amount of DeFiChain you can acquire.
3. Select the payment method and fill the required information than Continue.
4. Please double-check the payment information and costs, and complete your purchase within 1 minute, otherwise the amount of DeFiChain you may get will be adjusted depending on the current market price.
5. You'll be taken to your bank's OTP Transaction Page. To validate the payment, follow the on-screen instructions. Following that, you will be able to see the acquired DFI in your Binance Spot Wallet immediately.
Other Exchanges to buy DeFiChain
Aside from using above popular platforms, there are variety of smaller cryptocurrency exchanges where you can buy DFI.
Buy DeFiChain on Decentralized Exchanges.
Below, you will find comprehensive and detailed review about top rated decentralized exchanges using which you can buy DeFiChain (DFI) easily.
Buy DeFiChain on Uniswap
Currently, these are two popular ways to buy DeFiChain with Uniswap.
How to buy DeFiChain on Uniswap using MetaMask
This section will go through how to purchase DeFiChain (DFI) currency on Uniswap using Metamask. Uniswap is an ethereum-based system that permits digital asset exchange, and it may be accessed via the Metamask wallet.
Uniswap provides an exchange opportunity on the Ethereum blockchain and is recognized to be a secure and trustworthy platform on which users can rely, trade and inves to purchase currencies fast and effortlessly in a decentralized way.
Why you should use Uniswap?
Uniswap is a decentralized exchange system that runs on the Ethereum blockchain and allows for peer-to-peer (P2P) crypto trades. The decentralization nature of uniswap has been one of the main factors enabling its growth. The DEX platform facilitates exchanges of digital assets with the certainty of liquidity by utilizing automation and smart contracts.
By committing their assets to liquidity pools, liquidity providers play a vital role in the Uniswap market. In addition, the platform employs an AMM method to determine the price of assets in a liquidity pool, assuring fair value. As a result, Uniswap DEX is unquestionably one of the best options for crypto trading, particularly with a focus on DeFi.
One of the best reason you should use Uniswap is that Traders own their funds, like with all DEXs, and are not required to deposit them on the exchange. Uniswap traders are not at risk of losing their cash because they have complete custody of their assets.
Before moving forward please note that you might have to pay high ethereum network fee.
Create a Metamask Wallet
To purchase any currency on Uniswap, you must have two things first a uniswap compatible wallet and second have some Ethereum in your wallet to pay for the network fee. You can use any Wallet that is supported. In this Guide, we will use Metamask. So, first and foremost, let us begin by making an account on Metamask Wallet.
Step 1: Download Metamask Extension
To set up your Metamask wallet it is suggested that you use Google Chrome with MetaMask because the browser has fewer issues than others. To check that you're on the appropriate platform, open your Chrome browser and enter in the Web address metamask.io at the head. After entering the URL, download and install MetaMask extension. 
Step 2: Get Started with Metamask
Click newly installed Metamask icon from top right bar on Chrome browser and open it.
Now click the Get Started button, you'll be asked if you're new to MetaMask. This is where you may import your wallet if you already have a seed phrase and wish to obtain access to it. Click Create a Wallet if you're just starting started.
After you click ‘’Create a Wallet’’, MetaMask will request information from you in order to enhance their platform.
Create your password, accept the Terms of Service, and click Create. When MetaMask or a dapp prompts you to log in to MetaMask, enter this password. 
Step 3: Create 12-word seed phrase
Create your 12-word seed phrase, also known as the Secret Backup Phrase in MetaMask. If you ever erase MetaMask from your browser, you can reinstate your account in this manner. With a seed phrase, you may also access your account on a fresh computer from anywhere. On the following page, you will be prompted to confirm your secret phrase in the right sequence.
Awesome! You've just created your MetaMask.
After creating your wallet, the next step is to get Ethereum coin in it for buying and paying for the network gas fee . To buy ethereum Just Copy and make a note of your Metamask wallet address. Purchase some Ethereum on our recommended exchanges by following the steps listed above (how to buy bitcoin/ethereum section).
Find the Withdraw option in your selected exchange. Choose Ethereum as a withdraw coin. Fill the form with your Metamask address and Ethereum as network. After the transfer you will see ethereum coin in you Metamask wallet.
Now we have everything to use uniswap and buy DeFiChain.
1. Launch Uniswap and Connect Metamask
Go to Uniswap.org, click Launch App and Connect your Metamask wallet. After connecting your wallet to Uniswap, you can now begin trading tokens on the Uniswap official site.
2. Swap Ethereum for DeFiChain
First, decide which cryptocurrency you wish to exchange. Tokens can be found by name or address from CoinMarketCap. In our case, we want to buy DeFiChain through Uniswap we will select DFI.
you must enter the amount of cryptocurrency you want to swap. The amount of the DFI you will get, will be calculated automatically by Uniswap. On the Main screen there are two boxes. First box for Ethereum and the second one is for which you want buy (DeFiChain).
We wish to exchange ETH for DeFiChain (DFI). If you wish to trade a specific amount of ETH, put that amount into the ETH area. You can put a specified amount of DFI in the DFI amount area if you like.
The screen will show you the best possible rates in which your coin is going to be swapped. If you agree with the rate and amount, click Exchange, and you will be sent to a new window where you may check the specifics of your swap.
To proceed and complete the transfer, take a note of the fee as network fee and click swap.
As soon as the trade is verified, DFI will appear in your wallet.
How to buy DeFiChain on Uniswap using Trust Wallet
This section will go through how to use Trust Wallet to acquire DeFiChain (DFI)on Uniswap. Uniswap is an ethereum-based system that permits digital asset swap, and users can access it using the trust wallet's Dapp browser.
Why you should use Uniswap?
Uniswap is a decentralized exchange system that runs on the Ethereum blockchain and allows for peer-to-peer (P2P) crypto trades. The decentralization nature of uniswap has been one of the main factors enabling its growth. The DEX platform facilitates exchanges of digital assets with the certainty of liquidity by utilizing automation and smart contracts.
By committing their assets to liquidity pools, liquidity providers play a vital role in the Uniswap market. In addition, the platform employs an AMM method to determine the price of assets in a liquidity pool, assuring fair value. As a result, Uniswap DEX is unquestionably one of the best options for crypto trading, particularly with a focus on DeFi.
One of the best reason you should use Uniswap is that Traders own their funds, like with all DEXs, and are not required to deposit them on the exchange. Uniswap traders are not at risk of losing their cash because they have complete custody of their assets.
To put it another way, Uniswap is a safe mechanism for anyone to exchange various sorts of tokens based on the famous Ethereum blockchain without relying on a centralized exchange.
Before moving forward please note that you might have to pay high ethereum network fee.
Create a Trust Wallet
In order to buy DFI from Uniswap you must have an active Trust Wallet or Metamask Account. So first lets see how to create an account on Trust Wallet.
Step 1: Download Trust Wallet
Before you begin, you must first download the Trust wallet app from the Google Play or App Store. As of writing this guide Trust wallet is only available for Android and IOS users.
Step 2: Get Started with Trust Wallet
After installation, click "Create a New Wallet." Read the Privacy Statement and the Terms of Service, then check the box to confirm and click "Continue."
Step 3: Create 12-word seed phrase
Make a note of your 12-word recovery phrase on a piece of paper and keep it somewhere secure where you won't forget it. Once you've typed down your sentence, press the words on the next screen to put them in the right sequence to ensure you've done it correctly.
After you've established your wallet, you may access your wallet address by selecting the currency you want to use.
Awesome! You've just created your Trust wallet account.
After creating your wallet, the next step is to get Ethereum coin in it for buying and paying for the network gas fee . To buy ethereum Just Copy and make a note of your Trust wallet address. Purchase some Ethereum on our recommended exchanges by following the steps listed above (how to buy bitcoin/ethereum section).
Find the Withdraw option in your selected exchange. Choose Ethereum as a withdraw coin. Fill the form with your Trust wallet address and Ethereum as network. After the transfer you will see ethereum coin in you Trust wallet.
Now we have everything to use uniswap and buy DeFiChain.
Step 4: Launch Uniswap and Connect Trust Wallet
Open your Trust wallet app and navigate to Dapps option from the bottom menu. Now Find uniswap or type in the search box and press enter.
Go to Uniswap.org, click Launch App and Connect your Trust wallet. After connecting your wallet to Uniswap, you can now begin trading tokens on the Uniswap official site.
Step 5: Swap Ethereum for DFI
First, decide which cryptocurrency you wish to exchange. Tokens can be found by name or address from CoinMarketCap. In our case, we want to buy DeFiChain (DFI) through Uniswap we will select DFI.
We wish to exchange ETH for DeFiChain. If you wish to trade a specific amount of ETH, put that amount into the ETH area. You can put a specified amount of DFI in the DFI amount area if you like.
The screen will show you the best possible rates in which your coin is going to be swapped. If you agree with the rate and amount, click Exchange, and you will be sent to a new window where you may check the specifics of your swap.
To proceed and complete the transfer, take a note of the fee as network fee and click swap. As soon as the trade is verified, DFI will appear in your wallet.
Buy DeFiChain on Pancakeswap
Currently, these are two popular ways to buy DeFiChain with Pancakeswap.
How to buy DeFiChain on Pancakeswap using MetaMask
In this section, we will cover the total process of purchasing DeFiChain (DFI) with Pancakeswap, so read the whole piece.
Why you should use PancakeSwap?
PancakeSwap has lately garnered a lot of interest, thanks in part to the BSC's low transaction costs as compared to Ethereum, the other main decentralised blockchain. PancakeSwap, in addition to the cheaper transaction costs on the BSC, is effectively a fork of Uniswap, one of the most popular decentralized exchanges on the Ethereum Blockchain, with new functionality added.
Pancake Swap is a Binance Smart Chain-powered decentralised cryptocurrency exchange (DEX) and automated market maker (AMM). Binance Coin (BNB) is used for fees, while PancakeSwap (CAKE) is used for management.
Furthermore, Pancake Swap drew a lot of attention due to the large number of BEP-20 tokens available on its platform and it is used particularly for BEP-20 tokens operating on Binance Smart Chain, while tokens from other platforms can be sent over via Binance Bridge and "wrapped" as a BEP-20 token for usage on the DEX.
Before buying crypto on PancakeSwap you must have a Pancakeswap compatible wallet like Metamask . To create a Metamask account follow these steps:
Step 1: Download Metamask Extension
To set up your Metamask wallet it is suggested that you use Google Chrome with MetaMask because the browser has fewer issues than others. To check that you're on the appropriate platform, open your Chrome browser and enter in the Web address metamask.io at the head. After entering the URL, download and install MetaMask extension.
Step 2: Get Started with Metamask
Click newly installed Metamask icon from top right bar on Chrome browser and open it.
Now click the Get Started button, you'll be asked if you're new to MetaMask. This is where you may import your wallet if you already have a seed phrase and wish to obtain access to it. Click Create a Wallet if you're just starting started.
After you click ‘’Create a Wallet’’, MetaMask will request information from you in order to enhance their platform.
Create your password, accept the Terms of Service, and click Create. When MetaMask or a dapp prompts you to log in to MetaMask, enter this password.
Step 3: Create 12-word seed phrase
Create your 12-word seed phrase, also known as the Secret Backup Phrase in MetaMask. If you ever erase MetaMask from your browser, you can reinstate your account in this manner. With a seed phrase, you may also access your account on a fresh computer from anywhere. On the following page, you will be prompted to confirm your secret phrase in the right sequence.
Awesome! You've just created your MetaMask.
If you are using Metamask for the first time, you have to add Binance Smart Chain (BSC) Network to the Metamask as Pancakeswap only work on BSC. The process is simple and straight forward.
1. Click on Account Icon at top right corner in Metamask.
2. Go to Setting > Networks > Add Network
3. Fill the Form with these details and hit save.
- Network Name: BSC
- New RPC URL: https://bsc-dataseed.binance.org/
- ChainID: 56
- Symbol: BNB
- Block Explorer: https://bscscan.com
After creating your wallet and adding BSC to the Metamask networks, the next step is to get Binance coin (BNB) in it for buying and paying for the network gas fee . To buy BNB Just Copy and make a note of your Metamask wallet address. Purchase some Binance coin on our recommended exchanges by following the steps listed above (how to buy Binance coin section).
Pro Tip: You can use one wallet address with same Private key on both Ethereum and Binance Smart Chain Network.
Find the Withdraw option in your selected exchange. Choose Binance coin as a withdraw coin. Fill the form with your Metamask address and Binance Smart Chain as network. After the transfer you will see BNB coin in you Metamask wallet.
Now we have everything to use Pancakeswap and buy DFI.
Step 4: Launch Pancakeswap and Connect Metamask
Go to Pancakeswap.finance, click Connect Wallet and select Metamask wallet. After connecting your wallet to Pancakeswap, you can now begin trading tokens on the Pancake official site.
Step 5: Swap BNB for DFI
Click Trade > Swap from the main menu. Now you must enter the amount of cryptocurrency you want to swap. The amount of the other token (DeFiChain) that you will get will be calculated automatically by Pancakeswap. On the Main screen there are two boxes. First box for BNB and the second one is for which you want buy.
Before you finalize the conversion, go through the details and double-check that everything is in order. When you're finished, simply press "Swap" and then "Confirm Swap." That's all.
As soon as the trade is verified, DFI will appear in your wallet.
How to buy DeFiChain on Pancakeswap using Trust Wallet
This section will go through how to use Trust Wallet to acquire DeFiChain (DFI) using Pancakeswap. PancakeSwap is a Binance Smart Chain-powered DEX (decentralized exchange). The users on Pancakeswap can swiftly and securely exchange BEP-20 tokens.
Why you should use PancakeSwap?
PancakeSwap has lately garnered a lot of interest, thanks in part to the BSC's low transaction costs as compared to Ethereum, the other main decentralized blockchain. PancakeSwap, in addition to the cheaper transaction costs on the BSC, is effectively a fork of Uniswap, one of the most popular decentralized exchanges on the Ethereum Blockchain, with new functionality added.
Pancake Swap is a Binance Smart Chain-powered decentralised cryptocurrency exchange (DEX) and automated market maker (AMM). Binance Coin (BNB) is used for fees, while PancakeSwap (CAKE) is used for management.
Furthermore, Pancake Swap drew a lot of attention due to the large number of BEP-20 tokens available on its platform and it is used particularly for BEP-20 tokens operating on Binance Smart Chain, while tokens from other platforms can be sent over via Binance Bridge and "wrapped" as a BEP-20 token for usage on the DEX.
Before buying crypto on PancakeSwap you must have a Pancakeswap compatible wallet like Trust wallet. To create a Trust Wallet account follow these steps:
Step 1: Download Trust Wallet
Before you begin, you must first download the Trust wallet app from the Google Play or App Store. As of writing this guide Trust wallet is only available for Android and IOS users.
Step 2: Get Started with Trust Wallet
After installation, click "Create a New Wallet." Read the Privacy Statement and the Terms of Service, then check the box to confirm and click "Continue."
Step 3: Create 12-word seed phrase
Make a note of your 12-word recovery phrase on a piece of paper and keep it somewhere secure where you won't forget it. Once you've typed down your sentence, press the words on the next screen to put them in the right sequence to ensure you've done it correctly.
Awesome! You've just created your Trust wallet account.
After creating your wallet, the next step is to get Binance coin (BNB) in it for buying and paying for the network gas fee . To buy BNB Just Copy and make a note of your Trust wallet address. Purchase some Binance coin on our recommended exchanges by following the steps listed above (how to buy Binance coin section).
Find the Withdraw option in your selected exchange. Choose Binance coin as a withdraw coin. Fill the form with your Trust wallet address and Binance Smart Chain as network. After the transfer you will see BNB coin in you Trust wallet.
Now we have everything to use Pancakeswap and buy DeFiChain.
Step 4: Launch Pancakeswap and Connect Trust Wallet
Open your Trust wallet app and navigate to Dapps option from the bottom menu. Now Find Pancakeswap or type in the search box and press enter.
Go to Pancakeswap.finance, click Connect Wallet and select Trust wallet. After connecting your wallet to Pancakeswap, you can now begin trading tokens on the Pancake official site.
Step 5: Swap BNB for DeFiChain
First, decide which cryptocurrency you wish to exchange. Tokens can be found by name or address from CoinMarketCap. In our case, we want to buy DeFiChain (DFI) through Pancakeswap so we will select DFI.
We wish to exchange BNB for DeFiChain. If you wish to trade a specific amount of BNB, put that amount into the BNB area. You can put a specified amount of DeFiChain in the DeFiChain amount area if you like.
The screen will show you the best possible rates in which your coin is going to be swapped. If you agree with the rate and amount, click Exchange, and you will be sent to a new window where you may check the specifics of your swap.
To proceed and complete the transfer, take a note of the fee as network fee and click swap. As soon as the trade is verified, DeFiChain will appear in your wallet.
Conclusion
Choosing the best cryptocurrency platform for DeFiChain (DFI) 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.