Buy DODO coin in India — Step by Step guide for beginners
Buy DODO coin in India — Step by Step guide for beginners
How to Buy DODO coin in India?
What is a DODO coin?
DODO Breeder is a Defi rule and decentralized cryptocurrency trade based in China. DODO is not only a decentralized cryptocurrency etiquette but also a blockchain-based liquidity presenter. The most significant feature differentiating dodo from other liquidity provider platforms is its proactive market maker, i.e. PMM feature.
Dodo was founded by Diane Dai, Radar Bear, and an unnamed development team and released in August 2020. Framework Ventures led a $600,000 seed investment for the company.
In September 2020, the team announced that it has closed a $5 million private sale funding round headed by Pantera Capital, Binance Labs, and Three Arrows Capital. Coinbase Ventures, Galaxy Digital, CMS Holdings, and Alameda Research were among the venture capital firms, cryptocurrency exchanges, and trading firms that participated in the private sale round.
Key features of DODO coin
- DODO offers more reliable liquidity and provides price stability, unlike AMM platforms such as unit swap.
- The PMM pricing device accurately simulates social trading and uses oracles to get the most accurate market information about assets.
- Dodo, which also simulates human actions based on data transferred by Oracle, offers a much more stable price guarantee.
How to buy DODO Coin in India?
DODO is now available for trading on exchanges (DEX) such as BuyUCoin and Dodo. Others are included on our cryptocurrency exchanges page.
Buy DODO Coin in India — Step by Step Guide For Beginners
BuyUcoin is an exchange that provides buying and selling DODO coins in India as well as other cryptocurrencies. Below is a step by step guide to buying DODO Coin via BuyUcoin:
Step 1 — Open a Digital Wallet
A digital wallet houses your cryptocurrencies and uses blockchain technology to communicate with other citizens. It is important to make in-depth research before you decide what one is best for you, however, there are several providers of digital wallets. Today, BuyUcoin is the leading digital wallet provider.
Step 2 — Register & Open an Account
When you enter the BuyUcoin Signup account, register and open a service account. Choose your person or company form of account. Choose your country and adhere to the terms and conditions of your crypto-trading account.
Step 3-KYC
For the Indian jurisdiction, KYC and AML are compulsory. Your data are secure and encrypted and stored only in Indian data centers. To complete your KYC, you are redirected to another URL. With your last selfie, please be ready. Pictures of your pan card will be required. The mobile number connected to your Aadhar is important.
Step 4-Google 2 step Verification
To use 2FA, the Authenticator app must be enabled on your smartphone or tablet. If enabled, any time you log in to your BuyUcoin account, you will be asked to include a 6- digit one-time password with your email and password. This only functions when an email and password are entered.
Step 5-Add Bank details
Add your name credentials, the account name of the holder, and the IFSC code information.
Trade DODO coin
The cryptocurrency of The Dodo platform is also known as DODO. Launched by Diane Dai and Radar Bear in August 2020, The DODO had received initial funding of $ 600,000. The team later announced that it had received an additional $ 5 million in funding for the September 2020 period. Among those providing funding are Pantera Capital, Binance Labs, and three Arrows Capital. ACCORDING TO MARKET DATA, the DODO price rose from $ 0.06 to $ 8.51, up nearly 9.909 percent from that price.
Can I Use Regular Money to Buy DODO Coin?
Yes, you can use regular money or any fiat currencies such as DODO-INR in to buy DODO Coin in India where DODO Coin can be stored in your wallet with a single tap to buy or sell your desirable cryptocurrencies without any hidden transaction fees using one of India’s leading cryptocurrency exchange BuyUcoin.
Getting a DODO Coin Wallet
BuyUcoin is a multi-currency crypto wallet where DODO Coin can be stored with high-end security features where cold storage wallets are used. Hardware wallets are the most secure wallets and if you want to store a lot of wealth in your wallet it is strongly recommended because they add an extra level of safety.
Once we have sent the DODO Coin to your wallet, we will send you a confirmation email. The DODO Coin will appear in your wallet when you restart the BuyUcoin wallet.
DODO Coin Exchanges
If you want to buy Bitcoin for BTC - DODO, an exchange called BuyUcoin is one choice. You can even buy DODO using a credit card or debit card with an easy-to-understand interface. When you register, BuyUcoin requires your ID and address. This conforms to the anti-money laundering (AML) legislation and knows the legislation of your customer (KYC).
Many exchanges consider ID checks the best methods, although technically not a legal requirement in most countries. It helps avoid the use of exchanges for criminal activity. But there are legitimate reasons why your ID should not be revealed to a trader who is aware of the trade and privacy.
Conclusion
The PMM algorithm reduces the high DODO price changes that many users complain about to almost zero, providing users with a seamless Defi experience. It will not be surprising that DODO coin also receives investments from the three most important investment companies in the sector thanks to this technology.
DODO also offers liquidity for traders similar to that of Central exchanges. Arbitrators can join DODO users by taking advantage of price differences in DODO and other exchanges.
Buy Decentraland(MANA) coin in India — Step by Step guide for beginners
Buy DODO coin in India — Step by Step guide for beginners was originally published in BuyUcoin Talks on Medium, where people are continuing the conversation by highlighting and responding to this story.
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