How to Buy Degen (DGEN)
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Are you interested in buying Degen (DGEN) or exploring other cryptocurrencies? You've come to the right place! Explore all the ways you can buy Degen (DGEN) with this guide.
KuCoin supports over 700 cryptocurrencies and is constantly adding more crypto gems to our platform. Although KuCoin currently does not support Degen (DGEN), we will show you how you can buy this digital asset in the step-by-step guide below.
Where Can You Buy Degen (DGEN)?
There are several ways to get Degen (DGEN). Here are some of the most popular options you can choose from:
Centralized Exchanges (CEXs)
Buying Degen (DGEN) through an exchange or a broker is fast and easy for beginners. When choosing a centralized exchange, make sure that it supports Degen (DGEN). Confirm that your selected exchange has solid security, liquidity, and a competitive fee structure.
Crypto Wallets
If security and complete control over your crypto assets are your top priorities, you may wish to buy and store Degen (DGEN) using a non-custodial wallet, such as KuCoin Wallet or MetaMask. The leading Web3 crypto wallets allow you to buy or swap thousands of cryptocurrencies easily. Find a reputable crypto wallet browser extension or download the wallet on your smartphone. Create or import an existing crypto wallet address to store, send, and receive crypto and NFTs.
Decentralized Exchanges (DEXs)
In contrast to centralized exchanges like KuCoin, decentralized exchanges provide trustless crypto swapping based on self-executing smart contracts. Decentralized exchanges like Uniswap support buying and trading of thousands of crypto trading pairs. Most tokens are on EVM-compatible blockchains such as Ethereum and Polygon. To interact with a DEX, you will need to connect to the DEX using a compatible wallet such as MetaMask.
How to Buy Degen (DGEN): A Step-by-Step Guide
1
Buy Degen (DGEN) on a Centralized Exchange
A centralized exchange is the simplest and most common way to buy, hold, and trade crypto. Here's how you can buy Degen (DGEN) via a centralized exchange:
1. Choose a CEX: Select a reliable and trustworthy crypto exchange that supports Degen (DGEN) purchases. Consider the ease of use, fee structure, and supported payment methods when choosing a crypto exchange.
2. Create an account: Enter the required information and set a secure password. Enable 2FA using Google Authenticator and other security settings to add an extra layer of security to your account.
3. Verify your identity: A secure and reputed exchange will often ask you to complete KYC verification. Information required for KYC will vary based on your nationality and region. Users who pass KYC verification will have access to more features and services on the platform.
4. Add a payment method: Follow the instructions provided by the exchange to add a credit/debit card, bank account, or other supported payment method. The information you need to provide may vary depending on your bank's security requirements.
5. Buy Degen (DGEN): You are now ready to buy Degen (DGEN). You can easily buy Degen (DGEN) using fiat currency if doing so is supported. You could also do a crypto-to-crypto exchange by first purchasing a popular cryptocurrency such as USDT, and then exchanging it for your desired Degen (DGEN).
2
Buy Degen (DGEN) via a Crypto Wallet
You may buy certain cryptocurrencies directly via a crypto wallet. If supported by your wallet, you can buy Degen (DGEN) through the following steps:
1. Choose a wallet: Select a reliable and reputable crypto wallet that supports Degen(DGEN).
2. Download the app: Download the wallet application to your device from the Google Play Store, App Store, or as a browser extension.
3. Create a wallet: Create a new wallet address or import an existing one if you already have one. Make sure you write down the seed phrase and keep it in a secure place. No one can help you access your wallet if you lose your seed phrase.
4. Buy Degen (DGEN): Purchase the cryptocurrency using a supported payment method. Check the fees, since they may be higher than what exchanges charge.
5. Swap for Degen (DGEN): Alternatively, if your wallet doesn’t support direct fiat-to-DGEN purchases, you can first buy a more popular cryptocurrency like USDT, and then exchange it for Degen(DGEN) through your crypto wallet or on a decentralized exchange.
Most crypto wallets that support fiat-to-crypto purchases don't directly handle payments but instead use third-party payment processors. Check and make sure you are okay with their fees before making purchases.
3
Buy Degen (DGEN) on a Decentralized Exchange (DEX)
When buying Degen (DGEN) from a decentralized exchange, you are connected with sellers directly, without any intermediaries. DEXs are a good alternative for users who want more privacy as there are no sign-up or identity verification requirements. You will maintain full custody of your crypto assets via self-custodial wallets. Follow the step-by-step guide to learn how to buy Degen on a DEX.
1. Choose a DEX: Select a decentralized exchange that supports Degen (DGEN). Open the DEX app and connect your wallet. Make sure your wallet is compatible with the network.
2. Buy base currency: To buy DGEN, you will first need to have the base currency as DEXs currently only support crypto-to-crypto exchanges. You can buy the base currency from a secure centralized exchange such as KuCoin.
3. Send the base currency to your wallet: After purchasing the base currency, transfer it to your web3 wallet. Note that transfers may take a few minutes to complete.
4. Swap your base currency for Degen (DGEN): You are now ready to swap your base currencies for Degen (DGEN).
Make sure you have enough blockchain native tokens, such as ETH on the Ethereum blockchain, to pay for transaction fees. Also, pay attention to slippage and adjust slippage tolerance according to your preferences.
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How to Store Degen (DGEN)
The best way to store Degen (DGEN) varies based on your needs and preferences. Review the pros and cons to find the best method of storing Degen (DGEN).
Store Your Degen (DGEN) on an Exchange
Holding your funds on an exchange provides the most convenient access to investment products and features, such as spot and futures trading, staking, lending, and much more. The exchange will securely hold your funds, so you don't have to go through the hassle of managing and securing your private keys. However, be sure to select an exchange that implements strict security measures so you can rest assured that your crypto assets are safe and in good hands.
HODL Your Degen (DGEN) in Non-Custodial Wallets
"Not your keys, not your coins" is a widely recognized rule in the crypto community. If security is your top concern, you can withdraw your Degen (DGEN) to a non-custodial wallet. Storing Degen (DGEN) in a non-custodial or self-custodial wallet grants you complete control over your private keys. You can use any type of wallet, including hardware wallets, Web3 wallets, or paper wallets. Note that this option may be less convenient if you wish to trade your Degen (DGEN) frequently or put your assets to work. Be sure to store your private keys in a secure location as losing them may result in the permanent loss of your Degen (DGEN).
What Can You Do with Degen (DGEN)?
Hold
Store your Degen (DGEN) assets on a CEX or in a self-custodial wallet.
Trade
Trade Degen (DGEN) on supported platforms.
Earn
Use your Degen (DGEN) to engage in staking, lending, or yield farming to earn passive income.
FAQ
How can I sell Degen (DGEN)?
KuCoin does not currently support selling Degen (DGEN), but you can sell your DGEN via other centralized exchanges (CEXs), crypto wallets, or decentralized exchanges (DEXs).
Where can I buy Degen (DGEN)?
While KuCoin does not currently support purchasing Degen (DGEN), you can buy DGEN via other centralized exchanges (CEXs), crypto wallets, or decentralized exchanges (DEX). Refer to the guides on "How To Buy Degen (DGEN)" to learn more.
How do I use a credit card to buy Degen (DGEN)?
KuCoin does not currently support purchasing Degen (DGEN). However, you can purchase DGEN using a credit card at another centralized or decentralized exchange. Before making purchases on another platform, make sure to review their security, liquidity, and fees. Beware of hidden fees and scams.
How do I use PayPal to buy Degen (DGEN)?
KuCoin does not currently support Degen (DGEN). However, you can purchase DGEN via PayPal on other centralized or decentralized exchanges. Before making purchases on another platform, make sure to review their security, liquidity, and fees. Beware of hidden fees and scams.
How much does it cost to buy Degen (DGEN)?
The live price of Degen (DGEN) is $0.000736, meaning you can buy 1,358.69 DGEN with $1. Use KuCoin's Degen live price chart to find the best time to buy DGEN.
Should I buy Degen (DGEN)?
Degen currently ranks #-- in market capitalization among all cryptocurrencies. In the past 24 hours, the price of DGEN has decreased by 31.72%. Before trading Degen (DGEN), please be sure to perform both fundamental and technical analysis, and evaluate your level of risk tolerance.
Is Degen (DGEN) a good investment?
Degen (DGEN) has a market capitalization of $- and is ranked #-- on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Degen (DGEN) price trends and patterns to find the best time to purchase DGEN.
Alternative Ways to Buy Degen (DGEN)
In addition to the more popular methods discussed above, there are also alternative ways of buying Degen (DGEN), including:
Peer-to-Peer (P2P) Crypto Exchanges
Peer-to-peer (P2P) exchanges connect buyers and sellers directly, allowing you to buy or sell crypto using various payment methods. With P2P trading, you have more freedom to select your preferred offers and trade directly with counterparties. But keep a watch out for potentially unfavorable rates and scammers.
Crypto ATMs
With crypto gaining mainstream adoption, more and more crypto ATMs are being installed worldwide. You can buy Degen (DGEN) using a crypto ATM near you if it is supported.
Crypto Gift Cards
Buying crypto with gift cards is still a relatively underused method, but a good one. You can easily create an account via a gift card and exchange for Degen (DGEN) when supported.
How to Buy Other Crypto Assets
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