How To Buy DIA (DIA)?

A common question you often see on social media from crypto beginners is “Where can I buy DIA?” Well, you’ll be happy to hear it is actually quite a simple and straightforward process. Thanks to its massive popularity, you can now buy DIA on most cryptocurrency exchanges, including Coinbase and Binance in 3 simple steps.

Step 1: Create an account on an exchange that supports DIA (DIA)

First, you will need to open an account on a cryptocurrency exchange that supports DIA (DIA).
We recommend the following based on functionality, reputation, security, support and fees:

In order to sign up, you will need to enter some basic information, such as your email address, password, full name and, in some cases, you might also be asked for a phone number or address.

Note: On specific exchanges, you might need to complete a Know Your Customer (KYC) procedure in order to be able to purchase cryptocurrency. This is most commonly the case with licensed and regulated exchanges.

Step 2: Deposit funds into your account

Many cryptocurrency exchanges will allow you to purchase DIA (DIA) with fiat currencies, such as EUR, USD, AUD and others. Furthermore, they will also provide you with multiple deposit methods through which you can fund your fiat account, such as credit and debit cards, ewallets or direct bank transfers.

Note: Some payment methods will have higher fees than others, such as credit card payments. Before funding your fiat account on your chosen exchange, make sure to do your due diligence to find out the fees involved with each payment method to avoid unnecessary costs.

Step 3: Buy DIA (DIA)

This process is similar across almost every cryptocurrency exchange. All you have to do is find a navigation bar or a search bar, and search for DIA (DIA) or DIA (DIA) trading pairs. Look for the section that will allow you to buy DIA (DIA), and enter the amount of the cryptocurrency that you want to spend for DIA (DIA) or the amount of fiat currency that you want to spend towards buying DIA (DIA). The exchange will then calculate the equivalent amount of DIA (DIA) based on the current market rate.

Note: Make sure to always double-check your transaction details, such as the amount of DIA (DIA) you will be buying as well as the total cost of the purchase before you end up confirming the transaction. Furthermore, many cryptocurrency exchanges will offer you their own proprietary software wallet where you will be storing your cryptocurrencies; however, you can create your own individual software wallet, or purchase a hardware wallet for the highest level of protection.

For more in-depth instructions, our ‘Absolute Beginner’s Guide To Cryptocurrency Investing‘ will take you through the process step-by step. In addition to providing instructions for sending and receiving your cryptocurrency.
And if you’re completely new to crypto our beginner, intermediate and advanced level articles will get you up to speed with everything you need to know about the cryptocurrency space starting out. 

Simplecryptoguide.com

What Is DIA (DIA)?

DIA (Decentralized Information Asset) is a cross-chain, end-to-end, open-source data, and oracle platform for Web3. The DIA platform enables the sourcing, validation and sharing of transparent and verified data feeds for traditional and digital financial applications. DIA’s institutional-grade data feeds cover asset prices, metaverse data, lending rates and more.

DIA presents an ecosystem for open financial data in the DIAdata.org platform. The intent is to bring data analysts, data users and data providers together. It provides a bridge between off-chain data and on-chain smart contracts. The former comes from various sources and is aggregated as one single source. The latter is used to build a range of DAPPs. DIA data acts as a reliable and verifiable bridge effectively. The immutable data alone is what you can trust in these volatile market conditions.

What is the DIA token?

DIA is the governance token of the platform. It is currently based on the ERC-20 Ethereum protocol. The DIA governance token will be used to fund data collection, data validation, voting on governance decisions and to incentivize the development of the platform. Users can stake DIA tokens to incentivize new data to appear on the platform, but access to historical data though DIA is free.

Who Are the Founders of DIA?

The DIA association was co-founded by a group of a dozen people, though Paul Claudius, Michael Weber and Samuel Brack are the leaders.

Claudius is the face of the project and its lead advocate, sometimes also mentioned as a CBO. He has a master’s degree in international management from ESCP Europe and a bachelors in business and economics from Passau University. Apart from working on DIA, he is also a co-founder and CEO of BlockState AG and c ventures. Before crypto, he had worked as director for a nutrition company called nu3.

Michael Weber is DIA’s Founder and Association President. He holds degrees in management from ESCP Business School and an economics and physics from University of Cologne, Germany.

He has worked in several banks and financial institutions before turning to crypto, where he founded such projects as Goodcoin, myLucy and BlockState.

Samuel Brack serves DIA in the role of CTO. Like both Claudius and Weber, he shares the same position at BlockState. He has a master’s degree in computer science from Humboldt University of Berlin, where as of January 2020, he is still studying for his PhD.

What Makes DIA Unique?

DIA aims to become the Wikipedia of financial data. It specifically addresses the problem of dated/unverified/hard to access data in the world of finance and crypto, especially DeFi, while proposing to solve it via a system of financial incentives for users to keep the flow of open-source, validated data streams to the oracles up and running. The current design of oracles, DIA argues, is non-transparent, difficult to scale and vulnerable to attack. 

DIA development updates in 2023

In 2023, DIA (Decentralised Information Asset), an open-source oracle platform, has advanced its capabilities and expanded its reach in the cryptocurrency and decentralized finance (DeFi) sectors. Here are the key developments:

• Cross-Chain Oracle Expansion: DIA has broadened its oracle availability across multiple blockchain networks, including Ethereum, Optimism, Arbitrum, Base, Celo, Polygon zkEVM, zkSync, Aleph Zero, Metis, Evmos, Neon, Boba, Fantom, Polygon, Solana, OKXChain, Acala, Near, Avalanche, Moonbeam, Moonriver, Fuse, Telos, Astar, Aurora, BNB Chain, Wanchain, Clover, Shiden, Nervos, and Gnosis Chain. This expansion enhances DIA’s ability to provide decentralized and transparent data feeds for smart contracts across a diverse range of blockchains​​.

• Market Data Sourcing: DIA continues to source market data from various on-chain and off-chain exchanges and sources at a granular level. This includes fully customizable data feeds tailored to different use cases, combining sources and methodologies with various frequencies. The complete transparency of DIA’s data journey, including its code base, sources, and methodologies, is maintained as open-source and publicly visible​​.

• Price Performance and Market Sentiment: As of late 2023, DIA has shown significant price movements. The token experienced a bullish trend, with a current price of around $0.58 USD and a market capitalization of approximately $64.1M. Technical indicators, such as the Relative Strength Index (RSI) and Moving Averages, suggest a bullish momentum for DIA. However, it’s important to note that cryptocurrency markets are inherently volatile and subject to rapid changes​​​​.

• Governance and Community Involvement: DIA leverages the power of its community to scale product development and growth through the DIA DAO. The community can participate in governance, propose improvements, validate platform modules and data, and contribute to the development and growth of the ecosystem​​.

These developments indicate DIA’s commitment to enhancing its oracle services and expanding its influence in the DeFi space. The platform’s focus on cross-chain data accessibility, customizable data feeds, and community-driven governance positions it as a significant entity in the oracle and data services sector within the blockchain ecosystem.

Official website: https://www.diadata.org/

Best cryptocurrency wallet for DIA (DIA)

There are plenty of different crypto wallets available. The best one for you depends on your general trading habits and which provides the most security in your situation. There are two main types of wallets: hot storage wallets (digital) and cold storage or hardware wallets (physical). Both have their pros and cons, and there is not necessarily a right or wrong answer when it comes to figuring out which crypto wallet is best for you.

HOW DO I DECIDE WHICH cryptocurrency WALLET TO USE for DIA (DIA)?

Deciding which type of wallet to use depends on a variety of factors, including:

• How often you trade. In general, hot wallets are better for more active cryptocurrency traders. Quick login ability means you are only a few clicks and taps away from buying and selling crypto. Cold wallets are better suited for those looking to make less frequent trades. 
• What you want to trade. As mentioned earlier, not all wallets support all types of cryptocurrencies. However, some of the best crypto wallets have the power to trade hundreds of different currencies, providing more of a one-size-fits-all experience.
• Your peace of mind. For those worried about hacking, having a physical cold wallet stored in a safe deposit box at the bank or somewhere at home, provides the safest, most secure option. Others might be confident in their ability to keep their hot wallets secure.
• How much it costs. It is important to investigate the costs associated with each wallet. Many hot wallets will be free to set up. Meanwhile, cold wallets, like any piece of hardware, will cost money to purchase.
• What it can do. While the basics of each cryptocurrency wallet are the same, additional features can help set them apart. This is especially true of hot wallets, many of which come with advanced reporting features, insights into the crypto market, the ability to convert cryptocurrencies and more. Security features can also be a good differentiator.

For a more in-depth overview of cryptocurrency wallets visit our “Cryptocurrency Wallets Explained” guide.

If you’re going to be dealing in larger volumes of crypto, investing in cold storage might prove advantageous.
Most widespead examples of this being the Ledger Nano and the Trezor.

Ledger manufactures cold storage wallets designed for users who want increased security. Their wallets are a physical device that connects to your computer. Only when the device is connected can you send your cryptocurrency from it. Ledger offers a variety of products, such as the Ledger Nano S and the Ledger Nano X (a bluetooth connected hardware wallet).

Trezor is a pioneering hardware wallet company. The combination of world-class security with an intuitive interface and compatibility with other desktop wallets, makes it ideal for beginners and experts alike. The company has gained a lot of the Bitcoin community’s respect over the years. Trezor offers two main models – The Trezor One and Trezor Model T (which has a built in touch screen).