How to Buy district0x (DNT) in 2021: A Simple Guide

district0x (DNT)In this guide you’ll get information about where to buy district0x, if you are planning to buy DNT token – You’re in the right place!

district0x is a platform that focuses on creating decentralized communities and marketplaces online. The idea is to create online communities, or districts, where everyone can interact, engage, and take benefits from every activities done within their districts. The platform is based on Aragon and Ethereum IPFS, implementing several platforms and technologies to help users and their transactions. Districts would be constructed on (standard) d0xINFRA network, which is an open source mechanism consisting of Ethereum front end libraries and smart contracts.

In this platform, users are able to create their own community or marketplace (with the help of the provided interface) without spending anything. The communities would be constructed with various combination of blockchain, smart contracts (Ethereum powered), and Aragon governance. The blockchain would be the hosting and Aragon would function as the governance layer. IPFS (InterPlanetary File Transfer Protocol) would function to serve the site’s source code. Later, users can also use it to upload within their districts.

district0x (DNT) Features

  • Ethlance. This is the first district created within the platform. It is a job marketplace focusing on freelance job seekers even though everyone is free to join and post (or seek) any position they want.
  • Name Bazaar. This is the second district, focusing on marketplace with P2P (peer to peer) mechanism. For now, the marketplace is intended for registered names buying and selling.
  • Meme Factory. It’s the third district, offering services in custom tokenized memes.
  • Free creation. Developers are able to create distributed community or marketplace without having to pay anything. They simply make use of the front end libraries and also smart contracts to launch the districts. They will have to pay, though, later if they want it to be added to the District Registry, but this mechanism alone has enabled developers to stay active and creative in their districts launch.
  • DNT. This is the staking token enabling users and districts’ members to take part in the governance system. Users have their own ‘voice’ in sharing opinions and thoughts.

Where to Buy, Sell and Trade district0x aka DNT

You can basically use debit card, credit card, or even PayPal to buy the district0x (or any other cryptocurrencies). However, the transaction won’t be direct. It’s not like you pay with cash and you get the district0x as the exchange.

With cryptocurrency, things are different. You need to use debit card or credit card to buy the Ethereum or Bitcoin first. After you get the Ethereum or Bitcoin, you can convert it to district0x. 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 or Bitcoin
  2. Find a crypto exchange that supports district0x currency and exchange your Ethereum or Bitcoin with the district0x
  3. Store your district0x to a secured wallet

Step 1: Buy Bitcoin (BTC) or Ethereum (ETH) at Coinbase

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 district0x, once you get your Bitcoin or Ethereum, 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 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 with district0x:

BINANCE
binanceBinance is  the top-ranked cryptocurrency exchange in the market, and it’s the place to go to trade large volumes of digital assets. They established their operations back in 2017 in Malta, one of the few countries to openly embrace cryptocurrencies as a financial instrument. They currently average up to 1.2 billion dollars in trade right now. Binance.com is unable to provide services to U.S. citizens or residents.

  • Deposit Methods: Bank transfer (ACH), Bank transfer, Cryptocurrency, Debit card, Wire transfer
  • Fiat Currencies: USD, GBP, CAD, EUR, CNY, RUB, TRY, NGN, UAH, KZT & 5+ more
  • Supported Cryptocurrencies: BTC, EOS, BCH, ETH, FET, XVG, TRX, NEBL, XRP, NEO & 345+ more
  • Trading Pairs: 1189+
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. Gate.io crypto exchange allows users in 49 states within the US to trade the spot crypto market except for Washington State and New York State.

  • 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 565+ more
  • Trading Pairs: 1118+

IMPORTANT! Once you are registered to any of the above, find the BTC/DNT or ETH/DNT trading pair and then place the order to buy those pairing cryptocurrencies. Go back to COINBASE and transfer/exchange your Bitcoin/Ethereum.

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 district0x (DNT) We recommend you to use hardware wallet which support many cryptocurrencies – Choose between these two: Ledger or Trezor

ledger nano x

LEDGER NANO-X

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

trezor model t

TREZOR MODEL-T

  • 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 district0x (DNT) 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 district0x. You can use LocalBitcoins to find BTC or ETH seller who accept paypal as payment.

Can I Buy district0x (DNT) 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 district0x (DNT) with Skrill?

You can’t buy DNT directly with skrill but you can buy Bitcoin/Ethereum first using Skrill and exchange it later to district0x. You can buy BTC/ETH with skrill by using these exchanges::

Can I Buy district0x (DNT) with Bitcoin?

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

Can I Buy district0x (DNT) with Ethereum?

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

What Is the Best Payment Method to Buy district0x (DNT)?

The cheapest way is to use bank account to buy Bitcoins first or to buy the district0x right away. The fastest way is to use a credit card but you will then be charged higher fees.

How to Protect district0x (DNT)?

Once you have purchased the district0x, transfer it to your wallet. We recommend using hardware wallet, here are some recommendations:

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

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+

How to Sell district0x (DNT)?

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

Can I Mine district0x (DNT) 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 district0x is to buy it from a reliable exchange.

Conclusion

district0x is created as a platform that can change the way people use the internet – as well as their interaction between one another as social creature. The online world can be a convenient place to gather around and do transactions – all possible through safe and secure mechanism. The only way to get into the platform is through crypto purchase, which means that any interested users must buy district0x (DNT) if they want to enjoy all of the offered benefits.

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