How & where to buy Divi (DIVI) online
This guide explains everything you need to know about the growing cryptocurrency project, Divi, and its native token, DIVI. Read on to find out how to get your own DIVI tokens and what the future is likely to hold for the project.
What are the best exchanges to buy Divi on?
Below, we have listed the three best places to buy Divi coin online. Click on one of the options to sign up and get started, or keep reading if you want to learn more about Divi first.
How to buy Divi online – a step-by-step guide
Step 1. Find an exchange
The easiest way to purchase cryptocurrencies like Divi is to register with a crypto exchange. These online platforms are a reliable way of purchasing and selling coins, and typically they have low fees.
You can get Divi from a variety of platforms including AscendEX, BitGlobal and Bitrue. However, here is the best platform to buy Divi tokens based on our extensive research:
- KuCoin: Extremely easy to use and with low trading fees, KuCoin is one of the best exchanges to get Divi quickly, easily and affordably. Get a KuCoin account today >
Step 2. Sign up and fund your account
Once you have selected the exchange you want to use, you will usually need to create an account. This is a simple process and involves sending over a copy of photo ID along with some basic contact details. Then, you can fund your account with cryptocurrency from your wallet or – if it is supported – regular currency via a bank transfer.
Step 3. Purchase
Now your account is set up and funded, it is time to purchase Divi tokens. Search for the coin by its ticker, DIVI, and then enter the number of coins you want to purchase. Then, check you are happy with the price and incurred fees, then execute your transaction.
Step 4. (Optional) Get a suitable wallet
If holding your newly purchased Divi for the long term is your aim, putting your funds in a crypto wallet can be a great way to make them more secure. Below, we have listed the best Divi wallets that you can use:
- Freewallet: An easy-to-use wallet, Freewallet is an extremely popular crypto storage option that we enjoyed using during our review. Open a Freewallet today >
- Infinito Wallet: Infinito is a cryptocurrency wallet service delivered by experts in the blockchain space. It is one of the most popular wallets on the market. Create an Infinito wallet >
How to trade Divi – a step-by-step guide
Step 1. Find a broker
To trade cryptocurrency, it is best to use a cryptocurrency broker – these are online platforms that allow you to open and close trades immediately to take advantage of price fluctuations. No brokers currently support Divi trading. However, if any broker is going to start supporting Divi, it is likely to be a major platform like eToro or Plus500.
Step 2. Deposit money
With any broker, you need to deposit funds before you can start trading. They typically accept funds in the form of fiat currency like GBP, EUR and USD, while some also accept major cryptocurrencies.
Step 3. Learn how to perform technical analysis
All successful trading strategies require a degree of technical analysis – the process of reading candlestick charts and other market data in an effort to work out where the market is likely to move next. Our short-term trading course is a great place to learn about this in more detail.
Step 4. Decide whether to go long or short
When trading Divi, you can either go long if you believe it will rise in value, or short if you believe it will fall in value. Make sure you understand the key distinction between these two positions before you start trading.
Step 5. Make the trade
Now you have completed the previous steps, you can execute your first Divi trade. However, it can sometimes be beneficial to use a demo account first to learn the ropes without risking capital.
Should I invest in DIVI?
Whether or not you should invest really depends on what you see from the future of Divi, though the project does appear to have some positive credentials. The Divi mantra is ‘crypto made easy,’ and as a result, the project is all about accelerating cryptocurrency adoption in the mainstream by making digital assets useable and useful in everyday life.
By combining Divi’s blockchain with its Smart Wallet, the project claims to make cryptocurrency transactions faster, cheaper, and easier to use. Having launched in September 2018, the project has quickly climbed the crypto rankings, cementing its status as a leading project.
So, in essence, investing in Divi could be profitable. The project has a lot going for it and has achieved several major milestones under the stewardship of crypto veterans Geoff McCabe, Michael Greenwood and Nick Saponaro. However, it faces plenty of competition and will need to assert itself in the market to deliver the growth that token holders crave.
Below, we have outlined the main pros and cons of Divi. Check them out if you are still unsure about the project.
- Well thought out and highly technical blockchain technology
- A viable solution to many of today’s crypto problems
- Advanced governance system makes the platform more democratic
- Lottery blocks to reward Divi participants
- Above 250 transactions per second – much faster than Bitcoin and Ethereum
Here are three important questions you need to think about when considering whether or not to invest in Divi.
1.) Is now a good time to buy DIVI?
This really depends on what you are looking for from your investment. If you believe Divi will be a major force in the future and want to speculate on its long-term growth, getting in now could be prudent. However, check that the current price of Divi marks a solid entry point before pulling the trigger on an investment.
For short-term traders with their eyes on fast returns, Divi credentials to grow into the next major blockchain platform are not as important. Instead, you should focus on technical analysis to gain a read of the market and adjust your positions based on how the price of Divi is behaving. As a volatile cryptocurrency, Divi could be a good asset for traders.
Make sure you learn more about Divi by reading the latest analysis on the company below. Simply click on one of the articles to get informed:
2.) What problem does Divi solve, and what are its investment prospects?
Divi makes cryptocurrency compatible with mainstream users’ everyday lives. Its suite of products and comprehensively engineered blockchain are all major positives that have seen the project rise to prominence in recent times.
However, it is important to note that there is a lot of competition and not every blockchain project will succeed. Provided Divi can continue marketing itself effectively and consequentially growing its user base, it seems to have a bright future.
To find out more about the latest events to unfold in the cryptocurrency sector that may affect Divi, click on any of the news pieces below:
3) ) Do you want to hold Divi for the long term?
With Divi, you can invest in coins and hold them in an effort to profit from their price growth, or you can try to trade coins to take advantage of short-term changes in their price. Here are the different considerations you should make for each method.
Considerations for a long term investment strategy
If Divi investing for the long term is your desired route to returns, find a cryptocurrency exchange and purchase some DIVI coins. Then, you may want to transfer them into a wallet for safekeeping.
Considerations for a short term trading strategy
If you plan on trading Divi in the short term, choose a crypto broker and sign up. Then, add funds to your account and start trading Divi – just make sure you aren’t getting ripped off with lofty fees.
More altcoins to buy
Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >