How to buy olympus dao: The future decentralized reserve currency


buying olympus


But prices are usually higher on this platform and you have to do your due diligence to avoid getting scammed. Hardware wallet here is definitely a better option of cold wallets. They are usually USB-enabled devices that store the key information of your wallet in a more durable way. They are built with military-level security and their firmware are constantly maintained by their manufacturers and thus extremely safe. Ledger Nano S and Ledger Nano X and are the most popular options in this category, these wallets cost around $50 to $100 depending on the features they are offering. If you are holding your assets these wallets are a good investment in our opinion.

kyc process

This is a plus for many traders and investors, as it means they can complete multiple transactions in ample time. Choose the coin you purchased or transferred to your Trust Wallet, as well as the quantity for the exchange. The tokens you have just purchased will appear in your wallet in seconds. The guide below provides sufficient information on how to buy Olympus tokens within ten minutes.

Risks of Buying Olympus

Here you can either choose to provide a credit/debit card or use a bank transfer. You may be charged higher fees depending on your credit card company and the volatile prices when using cards but you will also make an instant purchase. While a bank transfer will be cheaper but slower, depending on the country of your residence, some countries will offer instant cash deposit with low fees. If you are new to cryptocurrency trading, you will likely not own any assets in an external wallet. Completing the verification process is integral if you intend to buy cryptocurrencies with your credit/debit card.

You will have to first buy one of the major cryptocurrencies, in this case, Ethereum . In this article we will walk you through in details two of the most commonly-used fiat-to-crypto exchanges, and Coinbase. Both exchanges have their own fee policies and other features that we will go through in detail. It is recommended that you try both of them and figure out the one that suits you best. Lastly, Olympus is well-known for its strong marketing and meme game, allowing it to build and grow one of the most vibrant communities in the space. It has introduced the “3,3” meme, a simplified version of communicating that staking capital with the protocol is optimal for both parties involved.

Once you execute the trade, your ETH will be stored in your account. The first step in purchasing OHM is to create an account on a centralized trading platform. While you can choose from many trading platforms, a few stand out due to their security, fees and ease of use. OlympusDAO is hoping to change the nature of stablecoins. Most stablecoins are pegged to an underlying asset, such as USD, to hold value in a somewhat volatile market. Unlike traditional stablecoins, OlympusDAO uses a unique system to keep its value stable.


This system allows the price of the token to be driven by the market but also allows it to have some control over the price. ERC-20 is a token standard most new tokens follow when publishing on the Ethereum blockchain. Ethereum is one of the most popular blockchains for DAOs and is secured by a proof-of-work consensus mechanism that requires miners to mine new Ether. A set of decentralized nodes validates transactions and secures the Ethereum blockchain.

Current OHM price and historical price chart

Investments are subject to market risk, including the loss of principal. Once you have acquired ETH on a centralized exchange, you can send it to your wallet. First, find the wallet address for ETH on your wallet, a list of 64 letters and numbers. Enter this into the centralized exchange and send it to your wallet. OHM is a governance token looking to create a stable asset that can be used as a form of payment.

As such, the developers sought to do something differently. So instead of opting for the commonly used USD, the coin is pegged to DAI, the leading stablecoin that’s backed by cryptocurrency collateral. After downloading and installing the app, set it up and choose an impenetrable but memorable passcode.


Transfer your newly purchased BTC or ETH from your wallet to one of the exchanges listed below. If Binance is not available in your jurisdiction, view our list of exchanges that sell BTC or ETH for Government issued money. There are several DEXs to choose from; you just have to make sure the wallet you selected in Step 2 is supported by the exchange.

Because the protocol has 1 DAI held for every 1 OHM token, the sustainability of the project can be assured for a long period. Additionally, this means that people can invest in the project with minimal risks. Also, the protocol is responsible for burning or minting tokens, which makes for an adequate balance of interest in the ecosystem. Type in your card details where necessary and buy the cryptocurrency you will use for the eventual exchange. Since Binance backs Trust Wallet, you can conveniently sell your Olympus tokens on the platform. However, you must complete the KYC process if you haven’t already.

Best Software Wallet: Coinbase Wallet

Learn how to buy Olympus Inu Dao with this Beginner’s Guide. As at the time of writing in late July 2021, one Olympus token costs just over $500. It means that you can move it just about anywhere and still be able to access your Olympus tokens. You have diverse options to choose from; however, you may want to go for one of the established coins like BNB.

Binance is constantly reviewing and adding cryptocurrencies that can be used on the Binance platform. If you would like to buy Olympus Inu Dao, which is currently not listed on Binance, you can follow the step-by-step guide below. It will show you how to buy Olympus Inu Dao by connecting your crypto wallet to a decentralized exchange using your Binance account to buy the base currency. is an American cryptocurrency exchange that launched 2017. As the exchange is American, US-investors can of course trade here and we recommend US traders to sign up on this exchange.

Your other option is to sell your Olympus tokens for fiat money, but you will have to resort to a third-party trading platform. The ‘Buy’ tab at the top right corner of your Trust Wallet presents you with all the available cryptocurrency tokens you can buy with your card. Your cryptocurrency tokens will reflect in your Trust Wallet in a short time.

There are several crypto wallets to choose from within the Ethereum network and TrustWallet appears to be the most integrated. If you are using a desktop computer, you can download Google Chrome and the wallet Chrome extension. If you prefer using your mobile phone, you can download the wallet via Google Play or iOS App Store if it’s available. Just make sure that you are downloading the official Chrome extension and mobile app by visiting the TrustWallet’s website. Though OHM hopes to be a stable store of value, the price has been extremely volatile in the past year. It has risen to nearly $1,500 and dipped as low as around $160.

In exchange, stakers receive their pro rata share of rebases and governance rights. There are several difficulties you may encounter while buying Olympus Inu Dao crypto. Now CoinCarp will show you the ways how to buy Olympus Inu Dao easily.

Once finished you will then need to deposit ETH to the exchange from UpHold. After the deposit is confirmed you may then purchase OHM from the exchange view. The network is governed as DAO and constantly features new OIPs . Get the latest crypto news and latest trading insights with the CoinMarketCap blog. There is no information about this, as at the time of writing in late July 2021. As at the time of writing, Olympus has an all-time high of $1,479, which it reached on 24 April 2021.

Although an impressive innovation, investing in the project should be based on personal research. Aside from being a Defi coin that aims to be a stable and reliable cryptocurrency, Olympus has an ecosystem that involves its token holders. Important decisions are jointly taken, as opposed to the system of governance in centralized financial systems. Pancakeswap also allows you to make money off your idle coins. If you’re holding some tokens, you become eligible for rewards because those coins contribute to the platform’s liquidity pool.

Ledger Nano X – Best Olympus Wallet For Security

For example, if you use TrustWallet wallet, you can go to 1inch to make the transaction. However, all crypto holdings in the wallet are directly owned by the user, whereas Coinbase holds all funds on iits main exchange. Once the ETH is in your wallet, connect it to a DEX like Uniswap or SushiSwap. Enter in the amount of ETH you’d like to swap for OHM and execute the trade.

The Future Decentralized Reserve Currency

Some of the factors you have to consider when settling for the perfect wallet are accessibility, user-friendliness, and most importantly, security. If you already own some cryptocurrency tokens in another wallet, transferring some to your Trust Wallet and subsequently buying with Pancakeswap will be a walk in the park. Since you have deposited some cryptocurrency tokens in your Trust Wallet, you can now buy Olympus. You simply have to connect your Trust Wallet to Pancakeswap by following the quickfire below. Crucially, the exchange will allow you to buy Olympus by swapping it for the tokens you purchased earlier.