How to Buy DeFi Yield Protocol (DYP) in 2022: A Simple Guide

DeFi Yield Protocol (DYP)In this guide you’ll get information about where to buy DeFi Yield Protocol, if you are planning to buy DYP token – You’re in the right place!

DeFi Yield Protocol is unique, especially as a yield faming aggregator, because it is the first (and only) protocol rewarding users within Ethereum. Everything is done in DeFi space, which makes it even profitable and more unique. It’s a unique as it provides solutions for staking, yield farming, NFTs, and also advanced leverage of DYP’s trading tools. Investors are able to make informed and educated decisions to reduce risks and maximize yields, thanks to its (decentralized) tool dashboard.

The idea of DeFi Yield Protocol is to prevent large whales from dominating the platform. That’s why it has a special protocol employing a special anti manipulation technology that can limit the effect of the market whenever users convert rewards to Ethereum, as well as other native token platforms. The anti-manipulation technology has a purpose to grant fair access (to liquidity), provide simplified and safe DeFi platforms to all kinds of users, and to maintain stability. Basically, every user is given the equal and fair possibility to gain benefits and enjoy all the helpful features in staking or farming.

For investors, the platform offers various opportunities to invest. They can get profitable outcome from their saving without breaking a sweat. Whether users want to have a short or long term investment, they can do it without fuss or complication.

DeFi Yield Protocol (DYP) Features

  • DYP Earn Vault. Users can earn money with this feature. It’s a Yield Farming contract that works automatically with Compound Protocol. It also has support for USDT, DAI, USDC, WBTC, and ETH markets. When users (as well as applications) provide asset to the vault, they will start getting interest rate right away.
  • Integration with other farms. Users can deposit their token and take part in BSC, ETH, or AVAX farms. The fact that it supports interoperability is another positive appeal that makes this platform unique and special.
  • Simple wallet setup and starter. Users simple need to have their wallet, and then they can create multi wallet that can be connected to different platforms. It enables versatility and freedom in managing their saving and investment.

Where to Buy, Sell and Trade DeFi Yield Protocol aka DYP

You can basically use debit card, credit card, or even PayPal to buy the DeFi Yield Protocol (or any other cryptocurrencies). However, the transaction won’t be direct. It’s not like you pay with cash and you get the DeFi Yield Protocol as the exchange.

With cryptocurrency, things are different. You need to use debit card or credit card to buy  Tether first. After you get the ETH or BTC or USDT, you can convert it to DeFi Yield Protocol. It takes several stages and processes. You need to gain access to the reputable cryptocurrency exchange first to make sure that everything is safe and sound.

In general, the process would be:

  1. You go to the online exchange and buy the Ethereum (ETH), Bitcoin (BTC), or Tether (USDT)
  2. Find a crypto exchange that supports DeFi Yield Protocol currency and exchange your Ethereum / Bitcoin / Tether with the DeFi Yield Protocol
  3. Store your DeFi Yield Protocol to a secured wallet

Step 1: Buy Bitcoin (BTC) or Ethereum (ETH) or Tether (USDT)

There is no better way to get started with cryptocurrencies than aiming high for the big boys. You have to buy your first shares of Bitcoin or Ethereum by creating an account at COINBASE. The best to do so is by creating a confirmed account in the platform and explore your options.

The site will ask for some basic information about yourself, make sure to tell the truth. Otherwise, you could face withholding of your investment. Make sure to type your name, your e-mail, and your password correctly. The stronger your password is, the safest your money will be. You will be asked to check your status as a living being using a re-captcha box and to agree to the terms of use of the platform.

Get $10 Bonus when you sign up for Coinbase!

coinbaseClick here to register (opens in new tab)

  • You will be asked to through the process of confirming your e-mail address as well as verifying your identity. It would be best if you went through that procedure at once to avoid any issues before putting money on the platform. Coinbase will ask for personal information such as your home phone number, your address, and proof of your identity using an official document such as a passport or a driver’s license.
  • Keep in mind that Coinbase takes some time to verify your ID, but once your account is verified, things can move forward on your end. By confirming your identity, you will have better security on your account, and the people working at Coinbase will be able to help you with easy on any issue you face. You will also be able to trade larger numbers of money on your transactions as well as other perks related to the trading information the goes inside the platform.
  • You can also manage your payment options. As we mentioned previously, the sites make it very easy to handle FIAT money to pay for the altcoins you want to have in your portfolio. You can check in your bank account to make direct deposits or withdrawals. While this method is excellent, it takes at least two days to verify it on Coinbase’s end. You can also register your credit cards, debit cards, and even your PayPal account in the buy/sell link located on the top menu.

That’s the first step in buying DeFi Yield Protocol, once you get your Bitcoin or Ethereum or Tether, you can continue to the next step.

Step 2: Choosing the Best Cryptocurrency Exchange for Your Investments

After you have your Coinbase account, you need to choose a cryptocurrency exchange to make your deals, then you need to transfer your newly purchased BTC or ETH or USDT from your Coinbase wallet.

With so many options out there and so many unbalanced reviews across the internet, it can be quite challenging to choose the right exchange service. Since we are looking out for you and we are interested in making you win money as well, we have taken the liberty of picking ten of the best ranking exchanges you can contact on the internet. For the sake of transparency, we can tell you that our operations keep running each time you click on these recommendations.

These are the best exchanges we can recommend for you to exchange BTC or ETH or USDT with DeFi Yield Protocol:

GATE.io
gate.ioGate.io is a crypto exchange service that is part of Gate Technology Inc. Gate.io is registered in Virginia, United States, and founded in 2017. They only handle transactions using cryptocurrencies, so you won’t find Fiat options with them. Since they work with the best ranked digital assets in the industry, they can average up to $48million in transactions.

  • Deposit Methods: Cryptocurrency Only
  • Fiat Currencies: N/A
  • Supported Cryptocurrencies: BCH, EOS, TRX, ONT, ETH, BTC, BTM, AE, OCN, ADA, IHT, XRP, ETC, NAS, LTC, & over 1040+ more
  • Trading Pairs: 1801+
KUCOIN
kucoinKucoin is one of the most solid exchanges in the market right now. They started to operate back in 2017. They take regular payment methods such as wire and bank transfers as well as other cryptocurrencies. They have a presence both in the Google Play Store and the iOSAppStore. Kucoin also offers discount trading fees, as well as significant dividends on half the transactions they do. They have a presence both in the Google Play Store and the iOSAppStore.

  • Deposit Methods: Cryptocurrency, Express Polish Post Office 24/7, Wire transfer, GBP bank transfers
  • Fiat Currencies: USD, EUR, PLN, GBP and 47+ More
  • Supported Cryptocurrencies: BTC, ETH, XRP, BCH, TRX, LTC, DASH, XMR, XLM, OMG & 512+ more
  • Trading Pairs: 1044+

IMPORTANT! Once you are registered to the crypto exchange above, Go back to COINBASE and send your Bitcoin/Ethereum/Tether to your new exchange. Find the DYP/BTC or DYP/ETH or DYP/USDT trading pair and then place the order to buy those pairing cryptocurrencies.

Most likely you’ll find this pair available to you DYP/USDTso you need to convert your BTC or ETH to USDT first in order to buy DeFi Yield Protocol (DYP)

Step 3: Managing Your Crypto Assets in a Secure Wallet

As your portfolio of crypto assets expand, you will need to have a crypto wallet to keep your goods safe. There are thousands of service providers on that end, and choosing the right one would take an entirely new guide to share some knowledge about this topic.

You can install one of these wallets in your hardware. That way, you can keep your currencies in your devices, such as your desktop or laptop. If you prefer, you can also use an online wallet to keep your holdings safe on the internet.

There are also options to have mobile wallets installed on your smart device, but most of them are lacking in the space department. The final option would be a paper wallet, which is nothing more than a euphemism to get an official legal document that states the content of your wallet and the keys to gain access to them.

For Securing your DeFi Yield Protocol (DYP) We recommend you to use hardware wallet which support many cryptocurrencies – Choose between these two: Ledger or Trezor

ledger nano x

LEDGER NANO-X: Securely trade on-the-go and manage a large number of assets at the same time, with only one device.

  • Secure
  • Mobile Friendly
  • Easy to Manage
  • Supported Coins: 1200+

trezor model t

TREZOR MODEL-T: The next-generation cryptocurrency hardware wallet, designed to be your universal vault for all of your digital assets. Store and encrypt your coins, passwords and other digital keys with confidence.

  • Invented for your digital independence
  • keeps your keys safe
  • Easily back up your entire wallet
  • Supported Coins: 1093+

Frequently Asked Questions (Faqs)

Can I Buy DeFi Yield Protocol (DYP) with PayPal?

You won’t be able to buy this directly with PayPal. If you are going to use PayPal, you need to buy Bitcoin or Ethereum first and then exchange it with the DeFi Yield Protocol. You can use LocalBitcoins to find BTC or ETH seller who accept paypal as payment.

Can I Buy DeFi Yield Protocol (DYP) with Cash?

You can’t buy it directly, you need to get bitcoin/ethereum first. buying BTC or ETH with cash you can do the following:

  • Make sure you have a BTC / ETH wallet before you buy from seller
  • Go to LocalBitcoins and find person in your area who sells bitcoin/ethereum and accept cash.

Can I Buy DeFi Yield Protocol (DYP) with Skrill?

You can’t buy DYP directly with skrill but you can buy Bitcoin/Ethereum first using Skrill and exchange it later to DeFi Yield Protocol. You can buy BTC/ETH with skrill by using these exchanges::

  • LocalBitcoins
  • Paxful
  • Virwox
  • SpectroCoin
  • Lykke
  • Exmo
  • Coingate

Can I Buy DeFi Yield Protocol (DYP) with Bitcoin?

Yes, you are basically exchanging your Bitcoin with this. Just head to any exchanges listed above, find trading pair DYP/BTC and begin the transactions.

Can I Buy DeFi Yield Protocol (DYP) with Ethereum?

Yes, the process is similar to using Bitcoin: Find a criptocurrency exchange which support DYP/ETH trading pair.

What Is the Best Payment Method to Buy DeFi Yield Protocol (DYP)?

The cheapest way is to use bank account to buy Bitcoin or Ethereum or Tether first or to buy the DeFi Yield Protocol right away. The fastest way is to use a credit card but you will then be charged higher fees.

How to Protect DeFi Yield Protocol (DYP)?

Once you have purchased the DeFi Yield Protocol, transfer it to your wallet. We recommend using hardware wallet, here are some recommendations:

Ledger Wallet

Trezor Wallet

 

 

 

 

 

 

How to Sell DeFi Yield Protocol (DYP)?

Find a crypto exchange which allow pairing DYP with BTC or ETH or USDT – convert it back to Bitcoin or Ethereum, then sell your BTC or ETH for a fiat currency.

Can I Mine DeFi Yield Protocol (DYP) and Not Buying It?

You can’t mine this actually. It has a completely different network and structure than the regular Bitcoin. The only way to own a DeFi Yield Protocol is to buy it from a reliable exchange.

Conclusion

DeFi Yield Protocol may seem like another platform for farming or staking, but it has more than what meets the eye. The ability is to stake or farm is elevated to the higher level, providing comfort, technology, and security to the users. The fact that it wants to prevent whale users and focus to everyone’s welfare is touching. Anyone interested in joining such a positive and profitable platform? Make sure to buy DeFi Yield Protocol (DYP) first.

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