Where to acquire DeFi (DEFI)

Want to buy DeFi? Learn where to buy DeFi in a few easy steps. As you might notice, huge businesses now also invest in cryptocurrencies, the time seems right to stay ahead of the herd and own your own digital assets like DeFi.

The clear beginners guide will take you safely and step-by-step through the process of buying DeFi. When you follow these steps, you'll own your first DeFi today! How thrilling!

TIP! Before starting with the article below, make sure you create an account (within 1 minute) so you can follow the steps below directly.

Where to buy DeFi (DEFI) for beginners

Step 1 - Create & secure an account
Step 2 - How much DeFi (DEFI) should I buy?
Step 3 - Payment methods for getting DeFi
Step 4 - Trade or buy your first DeFi
Step 5 - Prepare for the crypto future!
Step 6 - More information about buying DeFi

Step 1 - Create an account

Binance is one of the largest platforms in the world. A big benefit is that it is very transparent to get DeFi on Binance. Just like when you're trading normal fiat currency, you pay a small fee on every trade, and Binance has excellent rates. Once you've bought DeFi, you can choose to keep your coins online or send them to a offline wallet if available for your cryptocurrency.

Below in super simple steps, explained how to create a new and safe account.
1.1 Safe account
Click on this link to go to Binance Exchange to create an account.

1.2 Strong password
Enter your email & strong password, tick off "I agree to the Binance Terms of Use" and click register.

1.3 Verify email address
After this step is completed, a verification email will be sent to you.
Check your inbox and confirm your email address.

1.4 Secure your account
Great! Your Binance account is created! Now follow the next steps to ensure your account is 2FA secured. This is highly recommended.

What is 2FA?
With 2FA, you'll generate a security code every time you log in with a new session. This will help prevent unauthorized access to your account. The most used 2FA authentication options are SMS and authenticator apps like Google Authenticator.

1.5 You've got an account now!
Your account is ready to use, and you can purchase DeFi (DEFI).

Step 2 - How much DeFi (DEFI) should I get?

The good thing about cryptocurrencies is that you can divide them and buy just a small piece. This way, you still own your part of DeFi and you can use it or store it.

It's recommended to first test with a small amount to build confidence about the process of geting DeFi, and then you can expand your transactions and get more DeFi. (be aware of the fees involved when you buy and sell cryptocurrencies)

Two SMART reasons it's good to be active on multiple exchanges

The demand for crypto is increasing, and sometimes you may want to trade instantly. Since some exchanges have approval delays that can take weeks, it's wise to already have accounts on multiple exchanges.

Another reason to have an account on multiple exchanges is that not all exchanges list the same cryptocurrency coins. When you find a new coin that you want to get, you don't want to wait for approval—you want to take action before the price goes up. Click here for a FULL list of popular exchanges, including our personal TOP 5.

Step 3 - Payment methods for getting DeFi

Binance has over 100 payment options to deposit money and get your DeFi. Simply select your preferred currency and the payment option you want to use. Of course, they also provide the most common payment options, such as Credit Card, Bank Transfer, & PayPal.

Note: every country has different payment options, so just log in and check the payment methods for your country. In the crypto world and on exchanges like Binance, you can't purchase every coin directly with FIAT currency. Therefore, they created stable coins like Tether (USDT).

These are cryptocurrencies you can get to later trade for the currency you want. Before buying your preferred coin, it's important to research which coins are paired with the one you want to get.

Step 4 - Trade or buy your first DeFi

In the crypto world and on exchanges like Binance, you can't purchase every coin directly with FIAT currency. Therefore, they created stable coins like Tether (USDT).

These stable coins are cryptocurrencies that you can purchase to later swap for the currency you want. The name "stable coin" comes from their linkage to USD, as the price of these coins tracks the price of the USD. Before buying your preferred cryptocurrency, it's helpful to check which coins are paired with the one you want to purchase. For example, some coins only pair with Bitcoin or Ethereum, while others also pair with stable coins.

Benefit of using stable-coins
Since some cryptocurrencies can be volatile, stable coins are often linked to the USD. Therefore, their price remains stable, which minimizes the risk while trading fiat currency into other crypto coins and vice versa.

Step 5 - Prepare for the crypto future!

As discussed at the beginning of this article about buying DeFi (DEFI), prepare yourself by creating multiple secured accounts on exchanges. This way, you'll be one step ahead when you want to purchase a new cryptocurrency that is not listed on the platform you're on.

Top 5 - Help yourself

List of exchanges including our TOP 5 to purchase DeFi (DEFI) or other alt-coins. Most of these exchanges have large trading volumes.

Step 6 - More information about DeFi

DYOR - Do Your Own Research
When investing in DeFi, always make sure you do your own research on the coin, the technology behind it, and the team supporting it. Before investing in any coin, it’s important to conduct thorough research on the coin, its technology, and its team.

DCA - Dollar Cost Averaging Strategy
Dollar Cost Averaging is a famous strategy in the investment and crypto world. It's a tactic where you buy a systematic amount of a coin or investment you believe in. For example, $100 every month. As you buy systematically, it reduces emotional involvement and spreads the risk of a changing market.

Pros of DCA

Invest small amounts
Less stress about volatile markets
Lower chance of losses as you never buy full amounts during peaks

Cons of DCA

Won't make optimal trades as you don’t invest everything at the bottom
Takes longer since you don't get rich off one trade
If you DCA into one investment, you could pick a bad investment that only declines. It’s better to spread your investments while using DCA.

Explanation Video: DCA Dollar Cost Averaging

Explanation Video How to Buy DeFi

Below you'll find a video tutorial about how to buy Bitcoin (BTC). Simply replace BTC with DeFi in this video and you'll learn how to buy DeFi within a couple of minutes.