Where Can You Buy dYdX?

Explaining the dYdX token - how it works, where it's available and where you can buy it

Filip Dimkovski
By Filip Dimkovski
Joel Taylor
Edited by Joel Taylor

Published April 30, 2022.

If you're familiar with the blockchain and the way it works, then you probably know that there are two primary governing styles of the network:

  • Proof of stake
  • Proof of work

Regardless of the governing style, the users on the blockchain have voting rights to approve or deny any proposals held on the blockchain. dYdX is a so-called "governance coin", allowing its holders to vote on such blockchain proposals. The coin was created on the ETH blockchain back in 2017, and it has had several big changes in mechanism over the years. Originally, it was primarily used as a "margin token", i.e. a token for loans used to buy a security. Nowadays, the token has a more decentralized approach and is a part of DeFi (decentralized finance). Continue reading if you'd like to learn more about dYdX.

Which Countries Is dYdX Available In?

The dYdX coin is available everywhere where the usage of cryptocurrencies hasn't been banned by law. Thanks to the way the blockchain operates, you don't need to physically reside in any country to buy dYdX coins. As long as you have a crypto wallet whether it's your own or on an exchange, you can buy dYdX.

Where Can You Buy dYdX?

You can buy dYdX at any exchange where the coin is available. If you're not sure which exchange i.e. platform to go for, consider checking out the following ones on our list:

  • eToro
  • Crypto.com
  • Huobi
  • FTX
  • Binance
  • Changelly