How to buy DYDX in Australia (2022)

Summary:

The cheapest and easiest way to buy DYDX in Australia is via Binance exchange. To do this you will need to sign up an account and purchase DYDX from the exchange. The following is a step-by-step guide on how to purchase from the Binance exchange.

Michael Scott
By:
Michael Scott
on
Jan 2, 2022
A screenshot of the decentralised exchange DYDX's homepage
A screenshot of the decentralised exchange DYDX's homepage

Table of Contents -

  1. How to buy DYDX in Australia
  2. What is DYDX
  3. Price of DYDX in Australia

How to buy DYDX in Australia

The Binance.com trading platform is the only platform so far that has DYDX listed for trade with AUD. Binance is a global cryptocurrency exchange that offer over 500 different cryptocurrencies. and will be the quickest and easiest way to buy DYDX with Australian Dollars (AUD).

1. Sign up to the Binance Exchange

Go to the the Binance website and complete the signup process, for verification you will need to provide 100 points of ID.

 binance's home page where you can buy dydx

2. Deposit Australian Dollars (AUD)

Click the Wallet  button at the top of your screen and select Fiat and Spot. Now go click the Deposit button next to the Australian Dollars (AUD). You can now deposit with PayID/Osko to fund your account.

(There is also the option under the Buy Crypto tab in the top left corner to deposit using credit card or Poli payments.)

Fiat and spot section of binance

3. Buy DYDX

Now that your account is funding go back to the Fiat and Spot tab under wallet. Search for DYDX and click the "Buy" button. Once you have clicked on the buy DYDX link, you can now buy any amount in Australian Dollars (AUD).

buy section showing aud for dydx

What is DYDX?

DYDX is a decentralised exchange that allows users to borrow lend and make future bets on popular crypto currencies. This exchange lives on the ethereum layer 2 ZK-Rollup solution called Starkware. By using this scaling solution DYDX has transactions that are almost instant and gas free, unlike other Ethereum Layer 1 exchanges. DYDX also allows user to do more advanced trading such as perpetuals and margin trading.

Current DYDX Price in AUD

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