Defi Coin (DEFC) – which is the digital currency backing the Deficoins.io protocol – is now available to buy. With an initial pre-sale launch price of just $0.10 – Defi Coin has already hit highs of $3.  This impressive feat was reached in its first few weeks of trading.

If you’re interested in gaining exposure to this innovative cryptocurrency – here we explain how to buy Defi Coin from the comfort of your home.

How to Buy Defi Coin—Quickfire Walkthrough to Buy DEFC Tokens in Less Than 10 Minutes

Below you will find a quickfire guide on how to buy Defi Coin in less than 10 minutes. We walk you through the process with Pancakeswap – which allows you to buy DEFC tokens in a decentralized manner.

  • Step 1: Download Trust Wallet: The easiest way to buy Defi Coin on the Pancakeswap exchange is through the Trust Wallet – which is backed by Binance. As such, the first step is to download the Trust Wallet onto your iOS or Android device. 
  • Step 2: Add Defi Coin to Trust Wallet: You’ll need to add Defi Coin to your Trust Wallet, which you can do by searching for it. If DEFC does not show up – click on ‘Add Custom Token’ and then click on ‘Ethereum’ and change this to ‘Smart Chain’. Then, paste the following contract address [0x9d36c80944ab74930fb216daf0c043d4dccdaeb7] into the relevant box and click on ‘Done’
  • Step 3: Add Funds to Trust Wallet: Now that you have added Defi Coin to your Trust Wallet interface, you will then need to add some funds. You can transfer cryptocurrency from an external wallet if you wish. Or, you can deposit funds with a debit/credit card. If opting for the latter, you’ll need to do upload some ID. 
  • Step 4: Connect to Pancakeswap: Once you have funds in your Trust Wallet, it’s then time to connect to the Pancakeswap decentralized exchange. You can do this by clicking on ‘DApps’, followed by ‘Pancakeswap’. Then, click on ‘Connect’.
  • Step 5: Buy Defi Coin: Now that you have connected Pancakeswap to your Trust Wallet – you can proceed to buy Defi Coin. Simply search for the coin next to the ‘You Get’ tab. Then, enter the cryptocurrency that you wish to use to pay for your Defi Coin purchase. To make sure your purchase goes through, change the slippage figure to 12%.  

Once you confirm the purchase by clicking on the ‘Swap’ button, the Defi Coins will be added to your Trust Wallet! 

Always consider the risks involved when buying cryptocurrencies. Digital assets are highly speculative and volatile. 

How to Buy Defi Coin Online—Full Step-by-Step Walkthrough

Make no mistake about it – if you’re buying cryptocurrency for the very first time, the process can seem daunting. Add to the fact that you will be using a decentralized exchange to buy Defi Coin – and this only adds to the confusion.

With this in mind, below we offer a more comprehensive walkthrough of how to buy Defi Coin from Pancakeswap.

Step 1: Get the Trust Wallet

The first step is to head over to the Google Play or App Store and download Trust Wallet to your phone. As is the case with all digital token wallets, you will need to quickly set it up. This is easy when using Trust Wallet, as it’s just a case of writing down your unique 12-word passphrase.

Be sure to keep this in a safe place – as the 12-words are required to regain access to your wallet in the event your phone is lost or stolen. Additionally, we strongly advise that you create a strong PIN – which will be required every time you log in to the wallet. 

Always consider the risks involved when buying cryptocurrencies. Digital assets are highly speculative and volatile.

Step 2: Add Defi Coin to Your List of Supported Currencies

You will need to add Defi Coin to your list of supported cryptocurrencies from within the Trust Wallet. First, try searching for Defi Coin – just to see if it automatically loads. 

If not, you’ll need to manually add it. You can do this by:

  • Click on the ‘Add Custom Token’ button.
  • Click on ‘Ethereum’ – followed by ‘Smart Chain’
  • Paste the following token address in: 0x9d36c80944ab74930fb216daf0c043d4dccdaeb7
  • All particulars for Defi Coin should automatically fill. If not, use ‘Defi Coin’ as the token name and ‘DEFC’ as its symbol. The number of decimals should be 9. FInally, click on the ‘Done’ button.

Note: The contract address listed above is only to be used to locate Defi Coin on the Trust Wallet or Pancakeswap. Never send any tokens to this address – as they will be lost forever.

Step 3: Add Binance Coin (BNB) to Your Trust Wallet

If you want to buy Defi Coin via Pancakeswap, you will first need to add some funds to your Trust Wallet.  The best digital token to do this with is Binance Coin (BNB), as this can then be swapped into Defi Coin.  

  • You can transfer Binance Coin tokens from an external wallet if you already have some in your possession.
  • All you need to do is copy your unique Trust Wallet address for the cryptocurrency you are planning to deposit. 

Alternatively, Trust Wallet also offers fiat currency facilities. This means that you can fund your Trust Wallet with a debit/credit card. Once again, it’s best to select Binance Coin from the list of supported cryptocurrencies.

  • To use your debit/credit card on the Trust Wallet, you will need to go through a quick KYC process
  • This means adding a copy of your passport, driver’s license, or national ID card

Once you have funds in your Trust Wallet, you can move on to the next step.

Step 4: Convert Binance Coins to Smart Chain

In order to interact with Pancakeswap, your Binance Coin tokens need to be moved over to the Smart Chain. This will take you no more than a couple of seconds when using Trust Wallet.

  • First, click on Binance Coin from within your Trust Wallet interface.
  • Then, click on the ‘More’ icon. 
  • Next, click on ‘Swap to Smart Chain’.
  • Assuming you want to transfer the entire amount, click on ‘100%’.

Once you confirm the swap, it should be executed in a couple of seconds.

Step 5: Connect Trust Wallet to Pancakeswap

Now you need to connect your Trust Wallet to Pancakeswap. To do this, click on the ‘DApps’ button at the bottom of the app, followed by ‘Pancakeswap’. Then, click on the ‘Connect’ button. 

Step 6: Buy Defi Coin on Pancakeswap

The final part of the process is to buy Defi Coin on Pancakeswap! To do this, you will need to:

  • Add Defi Coin to the ‘You Get’ tab. If it doesn’t show up when you search –  enter the Defi Coin contract address. 
  • To recap – the address is: 0x9d36c80944ab74930fb216daf0c043d4dccdaeb7
  • In the ‘You Pay’ tab, select Binance Coin. This is because you added Binance Coin to your Trust Wallet, so it’s the crypto-asset you are swapping into Defi Coin. 

We would also suggest changing the slippage figure to 12%. For those unaware, slippage in the context of cryptocurrency trading means that you will get a less favorable price if sufficient levels of liquidity are not available. In other words, by selecting 12%.

Pancakeswap will ensure that your Defi Coin purchase is pushed through – as long as you do not get a price that is 12% lower than the current rate. You can, of course, change this to a small amount and see how you get on. If it doesn’t go through, you’ll need to increase the slippage percentage.  

Finally, click on the ‘Swap’ button to complete your purchase of Defi Coin!

Where to Buy Defi Coin (DEFC) Online

Defi Coin forms the crucial bridge for our decentralized project. As such, it makes sense that the best way to buy Defi Coin is via a decentralized exchange (DEX). This means that you can buy DEFC tokens without needing to go through a third party. Instead, when using a DEX, you can trade directly with other market participants.

Below we explain why we think Pancakeswap is the best decentralized exchange to buy Defi Coin.

Pancakeswap — Buy Defi Coin With a Decentralized Exchange

Pancakeswap is one of the most trusted decentralized exchanges in the cryptocurrency arena. As of mid-2021, the exchange is already home to billions of dollars of trading volume each and every day. The main attraction here is that Pancakeswap permits decentralized crypto purchases. 

On top of DEFC tokens, the exchange is home to heaps of other cryptocurrencies. Most of these are decentralized finance coins – which include the likes of Uniswap, Pancake Bunny, Safemoon, and Venus. Fees are extremely competitive too, even if you are trading small volumes. If you are wondering how to fund your Pancakeswap purchase, the exchange only accepts digital currencies. 

This ensures that you can buy Defi Coin and other quality cryptocurrencies without needing to go through a KYC process. On the other hand, if you do want to buy a coin via Pancakeswap with fiat money, there is another option. This will see you use your debit or credit card via the Trust Wallet app. Once the deposit is complete, you can then swap the respective digital currency into Defi Coin through Pancakeswap.

Pros:

  • Exchange digital currencies in a decentralized manner
  • No requirement to use a third party when buying and selling cryptocurrency
  • Supports a sizable number of digital tokens
  • Allows you to earn interest on your idle crypto funds
  • Sufficient levels of liquidity – even on smaller tokens
  • Prediction and lottery games


Cons:

  • Might appear daunting at first glance for newbies
  • Does not support fiat payments directly

Always consider the risks involved when buying cryptocurrencies. Digital assets are highly speculative and volatile. 

Should I Buy Defi Coin?

It goes without saying that we are firm believers in the Defi Coin token. But, this isn't to say that the digital currency is right for you and your financial goals. With this in mind, we suggest performing lots of research on our objective and roadmap targets to ensure that Defi Coin is suitable for your investment portfolio. 

Here are some of the reasons why Defi Coin is already loved by thousands of token holders:

Long-Term Holders are Rewarded via Dividends

Make no mistake about it - Defi Coin is in it for the long run. In fact, the Defi Coin framework is home to a highly favorable taxation system that benefits long-term holders. This is because, on each Defi Coin sale, the seller is taxed 10%. This 10% tax is then distributed evenly between existing token holders and the Defi Coin liquidity pool.

For example:

  • Let's say that a user sells 50,0000 Defi Coin tokens
  • The 10% tax on this sale amounts to 5,000 tokens
  • Half of this figure is added to the Defi Coin liquidity pool
  • The other half is sent to existing token holders at a proportionate amount
  • For instance, if you own 2% of all Defi Coin tokens, your share would amount to 100 (5,000 tokens x 2%)

Ultimately, this taxation system does two crucial things. First and foremost, it discourages people from using Defi Coin to chase short-term profits.

Secondly, for as long as you are a Defi Coin token holder, you will earn dividends every time somebody decides to sell. This is, of course, in addition to any gains you make when the market price of Defi Coin increases.

Bitmart Listing

Although you can easily buy Defi Coin on Pancakeswap, it is important to note that the token is also due to be listed on Bitmart. In fact, this is due to happen in the days after writing this guide. Although Bitmart is a centralized exchange, the importance of this listing should not be understated.

  • This is because Bitmart is one of the largest cryptocurrency exchanges in terms of trading volume.
  • Crucially, this will ensure that Defi Coin is accessible on a global scale - especially for those that do not feel comfortable using a decentralized exchange.

Defi Coin is expected to list on many other large exchanges in the coming months and years.

Get in Early While you Still can

If you were able to turn the clock back to 2009 - it would be possible to buy Bitcoin at just a small fraction of $0.01. Fast forward to 2021 and the digital currency has since grown by millions of percentage points.

Baring in mind that Defi Coin was only launched in Q3 2021 - you still have the chance to gain exposure while it is undervalued. This will ensure that you get the best price possible - rather than waiting several months down the line at a much higher market rate.

Risks of Buying Defi Coin

There is no guarantee that you will make financial gains when buying Defi Coin. This is no different from any other investment vehicle - irrespective of whether that's a cryptocurrency or traditional stocks. As a result, never buy more than you can afford to lose.

Best Defi Coin Wallet

It goes without saying that once you have bought Defi Coin, you need to think about storage. Crucially, if you followed our step-by-step guide by purchasing DEFC tokens on Pancakeswap via the Trust Wallet - there is nothing more for you to do.

This is because as soon as the transaction is executed on Pancakeswap - the tokens will automatically be added to your main Trust Wallet interface. 

How to Sell Defi Coin

If you are wondering how to buy Defi Coin today - then you are likely doing so on a speculative basis. That is to say, you might be hoping that the value of the token increases so you can cash out at a higher price.

  • If and when you do decide to sell - the process could not be easier.
  • All you need to do is head back over to Pancakeswap, select Defi Coin from the 'You Pay' tab, and choose the cryptocurrency that you wish to receive.

It's once again best to go with BNB - as this digital currency seems to attract the most liquidity on Pancakeswap. 

Buy Defi Coin Now via Pancakeswap

 

 

Always consider the risks involved when buying cryptocurrencies. Digital assets are highly speculative and volatile. 

 

FAQs

What is the Defi Coin ticker symbol?

Defi Coin carries the ticker symbol DEFC.

Is Defi Coin a good buy?

There is no guarantee that you will make money when you buy Defi Coin. On the contrary, if the value of DEFC tokens falls after you have made the purchase - you could end up getting back less than you originally paid. As such, always consider the risks before proceeding.

What is the minimum Defi Coin tokens you can buy?

When using a top-rated DEX like Pancakeswap to buy Defi Coin, there is no minimum number of tokens that you need to purchase. This makes the platform ideal for buying small and affordable quantities of DEFC tokens.

Where can you buy Defi Coin?

At the time of writing in July 2021, the best way to buy Defi Coin is via Pancakeswap. However, DEFC has received confirmation that is will be listed on BitMart from July 19th 2021. If you are reading this guide after the aforementioned date - this means that you can choose from Pancakeswap or Bitmart. Other exchanges are planned for listing later this year.

How do you buy Defi Coin tokens using a debit card?

On the one hand, you cannot buy Defi Coin directly with a debit card. You can, however, buy BNB tokens with your debit/credit card on Trust Wallet, and then swap this for Defi Coin via Pancakeswap.

How do you sell Defi Coin?

You can sell Defi Coin on Pancakeswap by exchanging it for another digital currency.

 

Unlock FREE Daily Forex Signals!
  • 2-3

    Forex Signals Daily

  • 76%

    Success Rate

  • 25k+

    Telegram Members

Expert score

5

Etoro - Best For Beginner & Experts

  • Decentralised Exchange
  • Purchase DeFi Coin with Binance Smart Chain
  • Highly Secure
Your capital is at risk.

Join the DeFi Coin Chat on Telegram Now!

X