Where to Buy DxChain Token (DX)?
DxChain is highly sought by investors at the moment as market conditions create a favorable opportunity, leaving even experts with the question of where to buy DxChain Token (DX). To participate in the ongoing hype investors will have to find the most efficient and swiftest way to get a hold of the asset while prices are still low.
In this guide, I will explain everything that you need to know about DxChain. Furthermore, I will also show you what is the best way to purchase the token and become an early adopter of a leading big data blockchain giant. But before I explain the where and how let us first start by showcasing why DxChain is so great.
What is DxChain?
DxChain seeks to develop a leading solution for a blockchain version of decentralized big data and machine learning networks. The project’s main goal is to finally make data ownership decentralized and that the data owners themselves should earn, not a centralized entity. In an information age, data is the world’s most important digital currency. On that account, DxChain seeks to solve issues such as ownership, security, and privacy.
Via DxChain users would have complete ownership over their data, securely trade it, as well as analyze it. Moreover, users would be able to considerably lower storage and data retrieval costs. One notable design that the project introduced is the use of multiple blockchain networks in a single structure. The so-called chains-on-chain architecture includes one master chain and two side chains. The team made this step in order to reduce problems related to storage, privacy, and data computation. If only one blockchain network were to be used, the model would not scale at all.
Based on DxChain’s infrastructure model, the master chain would store asset information. These include states, contracts, receipts, and transactions. It is based on the proof-of-work (PoW) consensus mechanism concept since it would provide maximum stability and security.
One of the side chains, the Data Side Chain (DSC) serves for storing non-asset information, also known as metadata. The data set would provide information on other data from the master chain and serve for storage retrieval.
Last but not least, we have the Computation Side Chain (CSC). The CSC stores special computing tasks which would be utilized on the DxChain protocol. The side chain would also record matching computation processes and keep track of whether tasks can be completed.
For a long period of its existence, the DxChain infrastructure model only served as a concept. Truth be told, the proposed model was never formally created, until recently. After completing a series of design research and successfully writing a white paper, DxChain launched a minimum viable network launch. The team launched its beta version of the mainnet in 2019. At the end of the year, DxChain introduced DApps and large storage systems to its protocol. Despite launching two years ago, the project is still in its early phase. Hence, investors seek to become early adopters of a potential future big data blockchain solution. DxChain could be utilized in AI model training, healthcare, smart cities, and various data storage and data mining algorithm.
Where and How to buy DxChain Token (DX)?
DxChain is available on more than dozens of cryptocurrency exchanges. The DX token enjoys high liquidity and spread on multiple platforms. Therefore, investing in the digital asset is quite easy. However, is it easy to invest in DxChain on every exchange? Where to get DxChain Token? Not all cryptocurrency exchanges are great and for the usual crypto enthusiast, it would take a lot of time to determine where to make their purchase.
To solve that problem and save time, I decided to create a guide on where to buy DxChain Token (DX). In the text below, I will explain exactly where to get DxChain and what exchanges offer the best rates. Truth to be told, many exchanges lack a balance of privacy, trading fees, and accessibility. To provide you with the best experience, I decided to investigate and find out what the best place to buy the token is.
Most of the exchanges I discovered that have listed DxChain do not really stand out. Either they demand too much private information for their KYC process or they have abnormal trading fees. Some of them even have a quite long registration process which of course prevents you from buying tokens on time.
However, I have found one exchange that has a perfect balance, Coinuma. This is a cryptocurrency exchange based in Europe that focuses on listing the newest and most innovative projects in the industry. With minimum KYC measures, an easy registration process, and low fees, I recommend Coinuma as the best way to buy DxChain.
Coinuma Registration Process
Registering on Coinuma is really simple. All you have to do is go through two easy steps and you will already have an account. I promise that you will register an account in no more than two minutes! To register, start by visiting Coinuma.com and clicking on the ‘Start Now’ button in the upper right corner. The exchange will redirect you to a registration page where you will have to provide only two items. An email address and a secure password. That is really everything that you have to provide about yourself.
After typing the data and registering, Coinuma will send you an email address for verification. Find the email and visit the verification link. See? You are already done and ready to log in. This is probably one of the fastest exchanges when it comes to registration. Now, all you have to do is log in with the data you provided during registration. After that, we can start trading.
Transferring Your Crypto
Before you start trading, you will have to deposit funds first. If you already have funds on Coinuma, I recommend that you skip this step. To deposit, simply head over to the ‘Finances’ section located at the top of the website. You will be redirected to a page where you can find a list of all cryptocurrencies listed on Coinuma. Here, you can also withdraw or deposit assets.
In this case, we will have to deposit funds as we just created an account. On Coinuma, there are two trading pairs available for DX. You can trade the asset by either using Bitcoin (BTC) or Tether (USDT). Therefore, you will have to deposit one of these assets to trade DX in our next step. Note that you can only deposit and withdraw cryptocurrencies on Coinuma. For now, there are no fiat options and payment methods such as debit cards, credit cards, wire transfers, etc. If you do not already have cryptocurrencies located on another exchange or in your personal wallet, you will have to purchase BTC or USDT from a 3rd-party entity. You can also do this by searching for a local Bitcoin ATM to psychically purchase Bitcoins.
Once you have your assets ready, simply click on the deposit link for either USDT or BTC. The screen will present you with a wallet address to which you will have to transfer your cryptocurrencies. After successfully making a transaction, it will only take a few minutes for the transaction to be confirmed. Once it is confirmed, you will see your new balance on Coinuma.
In the next step, we will use the USDT stablecoin as a method of purchasing DX tokens. Once you have completed this step, head back to the trading section.
Buying DxChain on Coinuma
You are quite literally only one step away from owning DX tokens. To trade and purchase DxChain, you will only need to make a few clicks. First, find the trading pair section in the left part of the website and type ‘DX’ into the search field. Select the DX/USDT trading pair and the trading screen will appear.
Next, choose between a market and a limit order. Briefly explained, with a market order you can purchase DX tokens at the price they are currently traded. Alternatively, you can make a limit order and attempt to purchase the tokens at a lower price. In each case, select the amount of USDT you wish to spend and click on the ‘BUY’ button. After doing so, your order will be shortly filled and you will find DxChain tokens in your balance.
Now that you have completed this step, you are finally a proud owner of DX. I congratulate you on being an early adopter of the leading blockchain big data solution. Now, you can decide whether you want to keep your assets on Coinuma or transfer them to your personal wallet. If you wish to actively trade, keep the assets on the exchange. On the other hand, you can withdraw your new assets in the ‘Finances’ section.
Final Word
After successfully finishing this simple and straightforward guide, you have finally bought the DxChain token. Moreover, with our brief explanation of the project, you have understood the ins and outs of what the team plans to achieve. What is even more exciting is the fact that you already know where to buy DxChain token (DX) if you wish to increase your portfolio. Thanks to Coinuma, you can have a simple, easy, and anonymous trading experience without any hassle.
For real cryptocurrency investors, it is extremely important to have full control over your assets. Moreover, trading these assets should be conducted without any trouble as crypto moves faster than stocks. With Coinuma, you can do your trades efficiently without worrying about where to get DxChain token or any other newly listed token.