Buy dYdX online

dYdX was created in 2017 by Antonio Juliano, a former software engineer for Coinbase.
dYdX is a decentralized exchange (or DEX).
Like Uniswap or PancakeSwap, dYdX is a platform that allows users to exchange tokens peer-to-peer.
The liquidity required for the decentralized exchange of tokens is managed by pools.
Users are incentivized to provide liquidity to these pools via reward mechanisms.
Until 2023, dYdX was an application running on StarEx, a layer 2 blockchain backed by Ethereum.
The platform’s native token, DYDX, was then an ERC-20 token.
In 2023, the developers decided to create their own blockchain, the dYdX Chain.
This new blockchain was built using the Cosmos layer 0 ecosystem SDK module.
The dYdX is now a layer 1 compatible with other chains built on Cosmos.
The consensus mechanism used is POS or Proof-Of-Stake.
This strategic change boosts the platform’s performance.
Now, dYdX can handle transactions faster, which was not the case on Ethereum with its network overload problems.
With this blockchain migration, bridges are set up to exchange the old native token (now ethDYDX) for the current one, which still bears the DYDX symbol.
The DYDX token fulfills three main functions: ensuring network security, enabling staking and participating in protocol governance.

DYDX is a DeFi token, a very popular sector in crypto.
Admittedly, the competition for DEX tokens is fierce, with Uniswap and PancakeSwap in particular.
But the dYdX platform has a lot to offer.
For example, dYdX sets itself apart from its competitors with a wider range of trading assets and more derivatives.
For example, on dYdX, you can trade perpetuals.
Perpetuals are instruments that replicate the performance of another underlying financial asset and incorporate leverage.
What’s more, dYdX offers its users highly attractive reward mechanisms, particularly since the launch of the dYdX Chain.
Traders can receive up to 90% of transaction fees in dYdX tokens.
Reward mechanisms are in place for trading (50,000 DYDX per day) and staking.
In recent days, the developers have also launched the “Launch Incentive Program” to reward the first traders in the new dYdX Chain ($20 million in DYDX tokens).
Finally, its low fees and ease of use (no KYC procedure, V3 platform available on iOS) make dYdX a very popular decentralized exchange for DeFi users.
In fact, the craze is on.
With over 800 million euros traded in the last 24 hours, dYdX V4 has recorded a higher transaction volume than Uniswap.
Adding the figures for V3, dYdX even exceeds one million transactions.

Secure trading: Cryptocurrency is not a field immune to attack.
That’s why Coinhouse implements numerous security barriers throughout the trading process to keep your cryptos safe. Simplicity and efficiency : Coinhouse has developed an interface that is easy for users to navigate.
Even if you’re a beginner, you’ll quickly find your feet! French-language support: Unlike many crypto platforms, Coinhouse’s customer service is based in France.
You’ll find professional advisers on hand to support you every step of the way. First French PSAN: The quality of Coinhouse’s services has been recognized by the Autorité des Marchés Financiers (AMF), which has granted it PSAN registration.

1. Registration: Opening a Coinhouse account is easy.
   All you have to do is fill in an online questionnaire, which asks for your name, e-mail address and telephone number.
2. Verification: Coinhouse takes identity theft very seriously.
   That’s why the platform verifies your identity before activating your account by asking you to provide a selfie holding your ID in your hand.
3. Deposit funds: To buy DYDX on Coinhouse, you need to deposit funds first.
   You can deposit fiat money by card or wire transfer.
4. Buying DYDX: There are two ways to buy DYDX on Coinhouse.
   To buy DYDX, simply click on “Buy” and then use the funds you have deposited.
   The other way is to make an exchange.
   If you have USDT(view USDT rate here) or EURL stablecoins, you can exchange them for DYDX tokens.
   You can also buy USDC.
5. Secure storage: Once you’ve bought your DYDX tokens, you need to protect them!
   To do this, you can use the integrated Coinhouse wallet.

Of course, you can also sell DYDX tokens on Coinhouse.
The “Sell” button is located at the top of the home page.
Once you’ve entered your bank details, the money will be transferred to your account within three working days!

The release of dYdX V4.
Developers announced as early as June 2022 that they were working on a V4.
Released in October 2023, V4 saw the dYdX platform migrate to the Cosmos ecosystem and adopt its own blockchain, the dYdX Chain. dYdX takes care of its traders. To accompany the launch of the dYdX Chain, the developers have set up a “Launch Incentive Program”.
Its aim is to reward the first traders in the new dYdX Chain with additional rewards.
In all, more than $20 million in DYDX tokens will be distributed over the next six months.