dYdX (DYDX) protocol token is the governance token of the dYdX community. It is used to gain mining rewards and participate in staking pools. Holders receive trading discounts on the dYdX exchange. The dYdX exchange has $11 billion in total volume across perpetual and margins. dYdX provides secure trading services with low gas costs and fees. DYDX holders tokens can be a part of the governance process and propose changes to the layer-2 protocol.
How To Buy dYdX or Add it to your Strategy
The fastest, most convenient way to purchase dYdX is to purchase it on ICONOMI. We check dYdX live prices on 10+ crypto exchanges and buy it at the best market price.
You can buy dYdX by adding it to your private Crypto Strategy (crypto portfolio). You can also use our recurring buy feature that tends to level out cryptocurrency price volatility effects. You can find out more about how to benefit from smaller investments at regular intervals on our blog article.
We recommend you do your own research and cryptocurrency analysis. Experienced crypto traders use fundamental and technical analysis to evaluate if dYdX is a good buy/sell. Fundamental and technical analyses are the two most common types of analysis used in trading traditional assets (e.g. stocks and bonds).
If you are unfamiliar with analyzing cryptocurrency prices and want to buy dYdX, we recommend you read the next section, as copying might be a better approach.
Add dYdX to your portfolio by copying a Strategy
If you are not skilled at these, consider a different approach to investing in cryptocurrencies. You can learn from and copy seasoned crypto traders on ICONOMI who regularly share their insights and manage their public Crypto Strategies. Go to the strategies page and use the “ticker” filter to find out which public Crypto Strategies have dYdX in their structure.
