How & where to buy Dent (DENT) online
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This beginner’s guide introduces you to Dent and its native cryptocurrency. Find out what role the coin plays, where you can buy DENT, and its long term prospects for success.
What are the best exchanges to buy Dent on?
Copy link to sectionThe trading platforms below are some of the best places to buy Dent coins. We have reviewed and assessed the best cryptocurrency brokers, and these options offer the best range of features for all experience levels. If you want to learn more about Dent first, then keep reading.
How to buy Dent online – a step-by-step guide
Copy link to sectionStep 1. Find an exchange
Copy link to sectionTo buy data packages on Dent, you need to own some of its cryptocurrency. That means finding an exchange before you start. There are a lot of crypto exchanges out there but we’ve picked out two of the top ones first:
- Binance: Trade over 100 cryptocurrencies with Binance, one of the most popular exchanges around. It has more daily volume than any other exchange. Sign up for Binance >
- Bitpanda: Bitpanda lets you swap fiat currency for all the leading cryptocurrency coins. Its intuitive trading interface makes the process simple and speedy. Join Bitpanda today >
Step 2. Sign up and fund your account
Copy link to sectionTo buy and sell on an exchange you need to create an account. Part of the sign up process is verifying your identity, for which you’ll need to supply a form of photo ID. Finally, you just need to deposit some money to get started.
Step 3. Purchase
Copy link to sectionWhen you have a fully funded account, you can go ahead and get started For now, the only way to get your hands on some Dent coins is by using another cryptocurrency, like Bitcoin or Ether, and swapping that for Dent. So search for the DENT/BTC or DENT/ETH pair and execute the trade.
Step 4. (Optional) Get a suitable wallet
Copy link to sectionIf you plan to hold a lot of coins, or want some extra security, you can think about signing up for a wallet. Wallets aren’t necessary, as you can store your coins on the exchange itself. However wallets are a way of taking control of your own coins and keeping them secure, away from any third party.
Here are two of the top wallet providers available:
- Ledger Nano S: A hardware wallet that lets you store your private keys securely, even if you connect to an infected computer. Get the Ledger Nano S now >
- Freewallet: As an online wallet, Freewallet can be used on your browser or through a mobile app. Holds more than 100 different cryptos and comes with an integrated exchange. Join Freewallet today >
How to trade Dent – a step-by-step guide
Copy link to sectionStep 1. Find a broker
Copy link to sectionThe key features most active traders want from their broker is low fees. Flexibility and fees are the keys to short term trading, so don’t scrimp on either. At the moment, Dent isn’t available on many brokers, but this might change in the future. When it does, eToro and Robinhood are two of the most popular brokers around.
Step 2. Deposit money
Copy link to sectionYou can fund your brokerage account with fiat currency (like GBP, USD, or EUR). All the top brokers let you buy cryptocurrency with this currency without needing to transfer it into anything else first.
Step 3. Decide how you’d like to trade
Copy link to sectionBefore you start trading you need to have a think about how you want to trade. There are plenty of trading strategies out there depending on your goals and level of experience. Two of the most popular are spread betting and trading contracts for difference (CFDs). Many traders use CFDs to speculate on the price of cryptocurrency without needing to own the asset itself.
Step 4. Start trading
Copy link to sectionWhen you have a funded account and a trading strategy, you just need to start buying. You have two basic ways of trading Dent, depending on whether you think it’s going to go up or down.
Positive traders can take a long position and back Dent to go up. Traders with more questions or concerns can short Dent, predicting that it’s going to go down.
Experienced traders can take these strategies further by using leverage. Beginners should avoid trading with leverage as it causes a big increase in risk, but it’s a way of making much bigger trades by only putting up a small portion of the overall trade value yourself. Be careful with leverage, as it can cause big losses if the market moves against you.
Still undecided?
Copy link to sectionDon’t worry if you’re not sure whether you want any Dent yet, it’s always a good idea to take a bit of extra time to decide on an investment, and this is especially true if you’re new to cryptocurrency. Here are some pros and cons, followed by a few more questions for you to think about.
Pros
Copy link to section- An inexpensive investment for beginners
- The Dent platform already has millions of users
- Can use it to buy mobile data packages yourself
Cons
Copy link to sectionBelow you can find three more questions for you to think about before you decide to invest in Dent.
1. Is it a good time to buy Dent?
Copy link to sectionIt depends on whether you want to use Dent tokens to buy mobile data, hold them as an investment, or trade quickly to try to make a profit. There are already more than 7 million users to trade data with on the Dent platform, so on that score you can get going straight away if you buy some now.
Long term investors, meanwhile, want to think about the prospect of new competition, and short term traders should look out for any developments that might cause a big change in DENT’s price. Both types of trader can do that here by following our latest market analysis:
Should you buy Dent (DENT) after its various technological improvements?
Is DENT a buying opportunity after the price collapsed?
Is the DENT token a good buy opportunity after a recent sell-off?
2. What problem does Dent solve, and what are the coin’s investment prospects?
Copy link to sectionDent solves the problem of only being able to buy fixed bundles of mobile data. It introduces a way for people to only buy what they need, trade excess data, and buy an international bundle when they’re travelling to avoid steep roaming charges.
The DENT coin’s investment prospects depend on the continued growth of the platform. Its sole use at the moment is as a way to buy data on the exchange. As there are a fixed number of total coins in circulation, the more demand for Dent’s services the more the price is likely to go up.
Some clouds on the horizon are the arrival of more competition and the fact Dent holds a lot of power over its own network. This is always a concern in cryptocurrency, as one of the main goals of many of these platforms is to reduce centralisation. The risk is Dent simply replaces the role of traditional telecoms companies rather than offering a real alternative. But you can follow all the latest news on that front here:
Should you buy Dent (DENT) after its various technological improvements?
Is DENT a buying opportunity after the price collapsed?
Is the DENT token a good buy opportunity after a recent sell-off?
3. Do you want to hold Dent for the long term?
Copy link to sectionYou want to hold Dent for the long term if you plan to use its platform to buy mobile data. Or if you think it offers a good alternative to traditional mobile telecoms providers and more people will join in the future. It’s a relatively inexpensive coin and the platform already has many millions of users.
Considerations for a long term investment strategy
If you plan on using the platform, you’re best off choosing an exchange, as a platform like this is the best way to buy Dent tokens in the UK. You can also think about getting a wallet to store your coins. As an investment, you need to think about the competition and follow the news in case more alternatives come onto the market.
Considerations for a short term trading strategy
Short term traders should think about whether there’s potential for DENT’s price to fluctuate and brush up on day trading to learn how to exploit those swings. The most important thing is to find a broker with low fees if you plan on carrying out a lot of trades.
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