This page provides technical information on how to interact with independent, third-party decentralized exchanges (DEXs). The assets herein are not accessible via the OKX Centralized Exchange, and OKX does not facilitate their trading. Digital assets displayed are automatically generated based on popularity ranking. OKX does not provide investment recommendations and is not responsible for any potential losses.

Discover how to buy DUSD

Getting started with crypto can feel overwhelming, but learning where and how to buy crypto is simpler than you might think.
DUSD
DUSDt4...AttM
€0.83005
€0.00000
4.5
Last updated on --.
Trade DUSD

How to buy DUSD on OKX DEX

Whether you’re new to DeFi or an experienced trader, follow this guide to buy DUSD.
Step one
Get OKX Wallet
Create or import your Web3 wallet using the OKX app or web extension.
Step two
Fund your wallet
Transfer funds to your OKX Wallet. Make sure you’ve got the right network and crypto.
Step three
Start trading
Find the crypto you’re looking for and trade under your preferred trading mode.

What's DUSD?

DUSD is a type of digital money called a stablecoin. Imagine it like a digital version of a dollar that you can use online. It exists to make it easier to send money quickly and cheaply across the internet. Unlike other cryptocurrencies, DUSD is designed to keep its value stable, like a dollar, so you don't have to worry about it changing too much in value.

How can I buy DUSD?

1) Create an account on OKX by visiting the website and signing up with your email. 2) Complete identity verification by providing necessary documents. 3) Fund your account using a bank transfer or credit/debit card. 4) Once your account is funded, go to the trading section. 5) Search for DUSD and place a buy order by entering the amount you wish to purchase. 6) Confirm your order and check your account balance to see your DUSD.

Why do people buy DUSD?

People buy DUSD because it offers a stable way to hold digital money, similar to holding cash. It's useful for making online transactions without worrying about price changes. DUSD can be used in various digital ecosystems for payments, remittances, and as a stable store of value. It is widely accepted in the crypto world, making it a practical choice for those who want to use digital currencies without the volatility of other cryptocurrencies.

Things to know before buying DUSD in the United States

In the United States, cryptocurrencies like DUSD are legal to buy and use. However, you must complete KYC (Know Your Customer) and AML (Anti-Money Laundering) checks when setting up an account. Be aware that any gains from selling DUSD may be subject to capital gains tax. If you earn DUSD through staking or other means, it might be considered taxable income. Always consult a tax professional for detailed advice.

What are other ways to own DUSD?

You can obtain DUSD without buying it directly through various methods. Participate in airdrops where DUSD is distributed for free. Join Learn-and-Earn programs to earn DUSD by completing educational tasks. Engage in staking or provide liquidity in certain platforms to receive DUSD as a reward. Some platforms offer DUSD for completing specific tasks like referrals. Each method requires effort and may involve risks, so research thoroughly before participating.

How can I store my DUSD?

To keep your DUSD safe, you can choose between custodial and non-custodial storage. Custodial wallets, like those on exchanges, are convenient but require trust in the provider. Non-custodial wallets give you full control but require you to manage your security. Hot wallets are online and easy to access, while cold wallets are offline and more secure. Always back up your wallet and keep recovery phrases safe. Use strong passwords and enable two-factor authentication for added security.

Why should I buy DUSD on OKX in the UAE?

Learn more about the security measures keeping your DUSD safe and readily available.
Best aggregated prices
OKX DEX aggregates major DEXs for the best prices and liquidity.
Why should I buy DUSD on OKX in the UAE?
Secure transactions
OKX DEX is fully on-chain, protecting your wallet and flagging any potential risks.
Cross-chain made easy
OKX DEX’s bridge aggregator lets you easily bridge tokens across networks.
Diverse trade options
OKX DEX offers trading modes tailored for various trading needs.
Why should I buy DUSD on OKX in the UAE?

How to buy crypto FAQ

1. Digital wallet
2. Existing cryptocurrency, such as BTC, ETH, or SOL, to be used as a base currency for swaps.
The phrase "crypto swap" is used to refer to the act of swapping one cryptocurrency for another without using a conventional exchange.
To swap on DEX, you’ll need to:
1. Set up and connect your digital wallet to the DEX you choose
2. Select DUSD (DUSD) as the crypto you want to swap from and to
3. Indicate the amount of cryptocurrency you wish to swap for DUSD (DUSD)
4. Execute the transaction
Slippage is the difference between the price a trader expects to pay or receive, and the price they actually pay. It occurs when a market moves as trade is happening. Slippage usually happens during periods of high volatility, and exchange rate changes.
These are tips to consider when choosing a secure wallet for DEX:
• Cold Wallets (Offline): Hardware wallets that are not connected to the internet make them highly secure against hacks.
• Hot Wallets (Online): OKX offers integrated wallets for easy access to your crypto. Ensure they are protected with 2FA and encryption.
• Backup Features: A good wallet allows you to back up your private keys securely.
• User Control: Opt for wallets where you hold your private keys, ensuring full ownership of your crypto.

Disclaimer

This is provided for informational purposes only. It is not intended to provide (i) investment advice or an investment recommendation, (ii) an offer, solicitation, or inducement to buy, sell or hold digital assets, or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, are subject to market volatility, involve a high degree of risk, and can lose value. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. Please consult your legal/tax/investment professional for questions about your specific circumstances. Not all products are offered in all regions. For more details, please refer to the OKX Terms of Use and Risk Warning. OKX Web3 Wallet and its ancillary services are subject to separate Terms of Service.

You are viewing content that has been summarized by AI. Please be aware that the information provided may not be accurate, complete, or up-to-date. This information is not (i) investment advice or an investment recommendation, (ii) an offer, solicitation, or inducement to buy, sell or hold digital assets, or (iii) financial, accounting, legal or tax advice. Digital assets are subject to market volatility, involve a high degree of risk, and can lose value. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. Please consult your legal/tax/investment professional for questions about your specific circumstances.