The DeFiPulse Index (DPI) is a product of the Set protocol and it exists to track the performance of decentralized finance (Defi) tokens. The protocol operates to eliminate the barriers impeding new users from gaining exposure to Defi.

The DeFiPulse Index selects the projects it monitors based on the value of its market cap. The goal of this metric is to ensure that reputable projects are adequately empowered in the Defi community. Our aim in this guide is to show you how to buy DeFiPulse Index and also explore everything you need to know about the token. 

How to Buy DeFiPulse Index: Quickfire Walkthrough to Buy DPI in Less Than 10 minutes

There are different ways to buy DeFiPulse Index. However, using a decentralized exchange (DEX) such as Pancakeswap is a seamless way to go about it. Here, you will be purchasing your DeFiPulse Index without going through a third-party intermediary, which aligns with the essence of Defi. 

  • Step 1: Download Trust Wallet: If you are just entering the cryptocurrency world, you must know that a wallet is essential to trading. Trust Wallet is a suitable one, and you can find it on the Google Play or App Store. 
  • Step 2: Search for DeFiPulse Index: Since you have downloaded and installed Trust Wallet, you can now go ahead to look for the DeFiPulse Index token. Locate the ‘Search’ bar at the top right corner of Trust Wallet and type in the token’s name. 
  • Step 3: Add Funds to Your Wallet: If you have just set up your Trust, then chances are you don’t have digital assets in it. In that case, there are two conventional methods of funding your Trust Wallet; you may decide to purchase cryptocurrency with a credit/debit card or send some from an external source.
  • Step 4: Connect to Pancakeswap: The next step is to link your wallet to the DEX you’re using. You can connect to Pancakeswap by finding the ‘DApps’ icon on your Trust Wallet. Then, select Pancakeswap from the list Trust Wallet shows you. 
  • Step 5: Buy DeFiPulse Index: Now, you may buy DeFiPulse Index. To do that, find the ‘Exchange’ icon and choose the token you bought through your Trust Wallet among the options in the ‘From’ drop-down box. Next, select ‘DeFiPulse Index’ and the number of coins you want from the ‘To’ icon.

Finally, click the ‘Swap’ tab to complete the transaction and await your tokens within a few seconds. 

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

How to Buy DeFiPulse Index – Full Step-By-Step Walkthrough 

Our short guide above will have given you an idea of what to expect when learning how to buy the DeFiPulse Index. However, if you’re a new cryptocurrency investor, you’ll need a more thorough explanation to grasp the process completely.

Hence, below we will show you how to buy DeFiPulse Index with a more explanatory guide. 

Step 1: Download Trust Wallet 

Just as we mentioned earlier, using Pancakeswap to purchase your DPI tokens is the preferable way to go. Pancakeswap allows you to buy DeFiPulse Index without a trading intermediary, and you can access this service by installing Trust Wallet. 

Trust Wallet is available on all smartphones, and you can set it up within a few minutes. Ensure you choose a strong password, and pay attention to the seed phrase Trust Wallet provides you. Every user gets a unique 12-word seed phrase, which is useful for recovering your wallet in case you get locked out.  

Step 2: Add Funds to Your Trust Wallet 

A new wallet doesn’t come with digital assets. As such, you must fund your Trust Wallet before you can initiate trades on Pancakeswap. You can do this by choosing either of the methods we will provide below. 

Transfer Cryptocurrency From an External Source 

Here, if you already hold some digital assets in another wallet, you can fund your Trust by transferring tokens from that external source.

You can do that by following the guide below.

  • You will find a ‘Receive’ button on your Trust Wallet. Clicking the button reveals the tokens that Trust supports, and you may choose the one you plan to send from your other wallet. 
  • Following that, copy the unique wallet address that Trust displays. 
  • Next, open your other wallet and paste the address you copied in the ‘Send’ tab. Additionally, select the number of tokens you want to send. 
  • Finally, confirm the transaction and expect your tokens to reflect in your Trust Wallet within 20 minutes. 

Buy Cryptocurrency Tokens With Your Credit or Debit 

If you are just starting out in the world of cryptocurrency trading, you likely do not own any coins yet. With Trust Wallet, you can use your debit or credit card to purchase digital assets directly.

You can complete the exchange shortly by following the steps below. 

  • At the bottom of your Trust Wallet, find and click the ‘Buy’ button. 
  • Trust Wallet will reveal all the cryptocurrency tokens you can buy with a debit or credit card. 
  • We suggest Binance Coin (BNB) for this process. 
  • However, before you can make any purchase, you must first complete Trust Wallet’s Know Your Customer (KYC) process. Aside from providing some details about yourself, you will also have to upload a legal identification card like your passport or driver’s license. 
  • After that, input your card details where necessary, choose the number of tokens you want, and complete your exchange. 

Your Trust Wallet will display the coins you just bought within a few seconds. 

Step 3: How to Buy DeFiPulse Index Via Pancakeswap 

With a funded Trust Wallet, you can now begin the process of buying DeFiPulse Index through Pancakeswap. First, ensure you connect Trust Wallet to the DEX. Then follow the guide below to buy your DPI coins.

  • Find ‘DEX’ and select ‘Swap’ from the options provided. 
  • Subsequently, you will see a ‘You Pay’ tab; choose the token you want to exchange for DPI. However, please note that it must be the coin you earlier funded your Trust Wallet with. 
  • Further, enter the number of tokens you want. 
  • Then in the ‘You Get’ section, choose DPI from the diverse options available. 
  • To finalize your transaction, click on the ‘Swap’ button. 

Just like that, you have purchased your DeFiPulse Index tokens. You can also hold your DeFiPulse Index tokens in Trust Wallet until you choose to sell for fiat money or swap them for another digital asset.  

Step 4: How to Sell DeFiPulse Index

Knowing how to buy DeFiPulse Index coins alone is not sufficient. That is to say, it is essential that you equally know how to sell them. After all,  that’s one of the major ways to realize the profit you plan to make from the token’s rise in value. 

The procedure to sell DeFiPulse Index tokens is a straightforward one. There are two major methods you can follow in getting that done and the one you choose will depend on your investment goals. 

Swap DeFiPulse Index for Another Cryptocurrency 

One of the perks of trading with Pancakeswap is that it allows you to exchange your DPI tokens for another digital asset. The process is quite similar to buying; however, you will select DPI in the ‘You Pay’ tab while you will choose the new tokens you want from the ‘You Get’ tab. 

Another perk of using Pancakeswap is that you gain access to over 1,000 different tokens, and you can swap your DeFiPulse Index coins for anyone you desire. 

Sell DeFiPulse Index for Fiat Money

Alternatively, you may want to cash out your money from selling DeFiPulse Index tokens.

  • Here, you will have to move your coins to a centralized trading platform like Binance.
  • Fortunately, Trust Wallet and Binance have an official relationship, which means moving your coins to the trading platform is seamless. 
  • However, you must complete the Binance KYC requirements, as you cannot trade fiat money with an unverified account.

Once you do, you can sell your DeFiPulse Index coins for cash! 

Where to Buy DeFiPulse Index Online

Finding a centralized or decentralized trading platform to buy DeFiPulse Index tokens is almost effortless. However, this doesn’t mean you should buy from just any exchange.

Preferably, you should buy from a DEX like Pancakeswap which offers you numerous opportunities to make impressive returns from your DeFiPulse Index tokens. All of this can be achieved without a third-party. 

Here’s why we like Pancakeswap for buying DeFiPulse Index tokens.

Pancakeswap – Buy DeFiPulse Index Via a Decentralized Exchange

As cryptocurrency trading attains new heights, innovative ways to purchase Defi tokens arise. For instance, with a DEX like Pancakeswap, you do not need to use an intermediary to acquire DeFiPulse Index tokens. Although Pancakeswap is a relatively new DEX, it has been able to acquire millions of users owing to the impressive features it offers in this marketplace.

Portfolio diversification is one of the numerous perks of using Pancakeswap. The DEX supports many tokens that you may not find on other trading platforms. You can easily trade over 1,000 different tokens, and the best part is that Pancakeswap will execute all your trades within record time. This makes it easy to diversify your DeFiPulse Index investment to mitigate risks.

Buying DeFiPulse Index on Pancakeswap means you get to incur low transaction fees on your trades. You pay within the range of $0.04 to $0.20 on each trade you execute, regardless of your order size. Additionally, Pancakeswap has sufficient liquidity for both major and minor coins, making it convenient to buy and sell your DPI tokens.

With Pancakeswap, you can also earn passive income on your idle coins. You earn returns on your unused DeFiPulse Index tokens because they contribute to the protocol’s liquidity pool. Another way to maximize your investment is through the DEX’s diverse farming options. However, ensure you read adequately about them before getting started. 

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 digital assets
  • 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. 

Ways to Buy DeFiPulse Index Tokens 

While learning how to buy DeFiPulseIndex coins, it’s important to precisely understand the practical ways you can purchase the token. Therefore, we will provide you with two easy ways below, and you can opt for either one depending on your needs.  

Buy DeFiPulse Index With Cryptocurrency 

If you’re not new to cryptocurrency trading, then you may have a wallet with some tokens in it. Hence, you can fund your Trust by transferring some tokens from your other wallet. 

After that, link your Trust Wallet to Pancakeswap, and exchange your transferred tokens for DeFiPulse Index coins. 

Buy DeFiPulse Index With a Credit/Debit Card 

Alternatively, you may use a credit/debit card to buy DeFiPulse Index tokens.  However, since you will be using fiat money to facilitate the trade, you must first complete the KYC process on Trust Wallet. 

Then, you can use your credit/debit card to purchase a renowned cryptocurrency token, preferably BNB. Finally, connect Trust Wallet to Pancakeswap and exchange the coins you bought for DeFiPulse Index tokens. 

Should I Buy DeFiPulse Index?

This is a question that crosses the mind of every cryptocurrency trader before deciding whether or not to invest in a token. As you’re learning how to buy DeFiPulse Index, it’s expected that you’d want to understand whether the coin is a good buy.

  • The steps you take in answering this question will determine how informed you’re when you finally make your DeFiPulse Index investment.
  • As such, an in-depth understanding of the DeFiPulse Index project will help you determine whether buying this coin is the right investment or otherwise. 

To help you out, we will provide a few features of DeFiPulse Index that you may read up on when doing your personal research of the token.

Representation of DeFi Tokens 

The essence of the DeFiPulse Index project is to offer adequate representation to the viable tokens available on the Ethereum blockchain. This provides users with sufficient information on sustainable Defi tokens.  The DeFiPulse Index also tracks the performance of the tokens listed on it.

The project painstakingly selects the coins it lists on its platform based on their value, circulating supply, Defi commitment, availability on the Ethereum Blockchain, and credibility. By establishing an empowering standard for reputable projects, the protocol fosters Defi growth and also helps users make informed choices.

Impressive Growth Record 

The DeFiPulse Index Project was launched on the Set protocol in September 2020, nearly a year ago as at the time of writing in mid-August 2021.

  • DeFiPulse Index has an all-time low of $56.74, which happened on 05 November 2020.
  • The token has an impressive all-time high of $673.94, which it attained on 12 May 2021, barely 6 months after it recorded its lowest price. 
  • As of the time of writing in mid-August 2021, the price of 1 DPI token is just over $410.

This means that if you had bought DeFiPulse Index tokens when the cryptocurrency hit its all-time low, you would have witnessed an increase of over 1,100% at the coin’s all-time high. 

Integrated Ecosystem

The DeFiPulse Index was launched in September 2020 and has had sufficient time to strengthen its ecosystem in line with its whitepaper. The protocol has created a system where all the tokens it supports get to interact in one way or the other.

The entire architecture is developed to be collaborative such that users can have one-click access to a pool of credible Defi projects. This drives traction to the DeFiPulse Index token in the market.

The smooth experience users get from accessing impressive projects continues to add value to the DeFiPulse Index project. If you’re convinced that the protocol’s impressive use cases will continue to boost its token’s value, you can buy the coin with ease. Regardless, ensure you do adequate research before delving into this project.

DeFiPulse Index Price Prediction

While surfing the internet for information about the DeFiPulse Index project, you may come across numerous price predictions.

  • This is a widespread occurrence in the cryptocurrency world.
  • However, the popularity of DeFiPulse Index price predictions doesn’t mean they are legitimate.
  • These predictions are seldom correct, meaning it’s best to avoid purchasing your DeFiPulse Index tokens solely based on them.

Your best option will be to understand what the DeFiPulse Index aims to achieve and you can only know this when you research the coin thoroughly. 

Risks of Buying DeFiPulse Index

When you decide to delve into cryptocurrency trading, you have to prepare for the risks that come with it as well. The most prominent one is that the price of DeFiPulse Index tokens may drop while you hold them.

Such an occurrence means you have to bear a loss on your investment unless the price later increases. As such, it is best to understand certain practices when buying your DeFiPulse Index tokens.

These include actively researching the project, buying other coins aside from DPI, and investing at regular intervals - otherwise known as the dollar-cost averaging strategy. Incorporating these practices will help you mitigate your risks. 

Best DeFiPulse Index Wallets

Another vital factor you have to consider when learning how to buy DeFiPulse Index tokens is your wallet option. It is best to choose a wallet that has features such as high-end security, accessibility, and user-friendliness. 

To make it easier for you to select a wallet, we have chosen the most suitable ones for cryptocurrency beginners and experts who intend to buy DeFiPulse Index tokens. 

Trust wallet - Overall Best Wallet for DeFiPulse Index Tokens 

Trust Wallet offers you numerous benefits, the most notable of which is its impressive security system. As such, you can store your DeFiPulse Index tokens safely whether in large or small quantities.

The wallet was actually created by Binance, one of the world’s renowned cryptocurrency exchange platforms. Finally, Trust Wallet has a simplified user interface that anyone can work with. 

Ledger Wallet - Best DeFiPulse Index Wallet for Security

Your private keys will not be available online when you store your DeFiPulse Index tokens on a hardware wallet like Ledger. This way, cryptocurrency hackers will not be able to access them. You can also store above 1,500 tokens on your Ledger Wallet, making it convenient to diversify your DPI investment. 

Exodus Wallet - Best DeFiPulse Index Wallet for Convenience 

Exodus Wallet qualifies as a viable option because it’s highly secure, accessible, and user-friendly. Furthermore, it also has an added advantage—you can access it on smartphones and desktops. Additionally, if you intend to diversify your DeFiPulse Index investment, you can store at least 100 other tokens on your Exodus Wallet. 

How to Buy DPI Coins - Bottom Line 

By now, we are confident that you now understand how to buy DeFiPulse Index tokens in a straightforward manner. Once you have set up and installed your Trust Wallet, you may simply connect it to Pancakeswap and engage in afast and secure DPI investment. 

Buy DeFiPulse Index Now via Pancakeswap

 

 

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

FAQs

How much is DeFiPulse?

DeFiPulse Index is a volatile asset. As such, the price is not stable and fluctuates across the day. However, at the time of writing in mid-August 2021, the price of one DPI token is just over $410.

Is DeFiPulse Index a good buy?

When you consider the objectives of the DeFiPulse Index project, you’ll realize that they are impressive and important to the Defi ecosystem. However, deciding whether a project is a good buy goes beyond that. To answer this question appropriately, you must consider the coin’s trajectory and potential in line with your investment plans. That way, you can answer decisively on whether the coin fits your goals.

What is the minimum DeFiPulse Index tokens you can buy?

The number of DPI tokens you decide to buy depends on the amount you intend to invest. This means you can buy as little as a fraction of one DPI token. That is, let’s assume the price of one DPI is about $418 - buying 20% of one means you’ll invest about $83, equating to 0.2 DPI.

What is the DeFiPulse Index all-time high?

DeFiPulse Index attained its all-time high on 12 May 2021, when the coin was priced at $673.94.

How do you buy DeFiPulse Index tokens using a debit card?

Technically, this is challenging, as you cannot buy DeFiPulse Index directly through your debit/credit card. Instead, you can buy a popular cryptocurrency like BNB through Trust Wallet and then connect to Pancakeswap to exchange that digital asset for DPI tokens.

How many DeFiPulse Index tokens are there?

As at the time of writing in mid-August 2021, there’s no information on the maximum or circulating supply of DPI tokens.