How To Buy VIDT DAO (VIDT)?
A common question you often see on social media from crypto beginners is “Where can I buy VIDT DAO?” Well, you’ll be happy to hear it is actually quite a simple and straightforward process.
Step 1: Create an account on an exchange that supports VIDT DAO (VIDT)
First, you will need to open an account on a cryptocurrency exchange that supports VIDT DAO (VIDT).
We recommend the following based on functionality, reputation, security, support and fees:
1
Binance
Fees (Maker/Taker) 0.075%*-0.1%*
Cryptocurrencies
Available for Trade 500+
Sign-up bonus
10% reduced trading fees*
Available in
Europe, Asia, Oceania, Africa
2
MEXC
Fees (Maker/Taker) 0.2%*-0.2%*
Cryptocurrencies
Available for Trade 1500+
Sign-up bonus
10% reduced trading fees & up to $170 in USDT vouchers*
Available in
North America, South America, Europe, Asia, Oceania, Africa
3
Gate.io
Fees (Maker/Taker) 0.2%*-0.2%*
Cryptocurrencies
Available for Trade 1000+
Sign-up bonus
Up to $100 in USDT vouchers*
Available in
Europe, Asia, Oceania, Africa
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 VIDT DAO (VIDT) 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 VIDT DAO (VIDT)
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 VIDT DAO (VIDT) or VIDT DAO (VIDT) trading pairs. Look for the section that will allow you to buy VIDT DAO (VIDT), and enter the amount of the cryptocurrency that you want to spend for VIDT DAO (VIDT) or the amount of fiat currency that you want to spend towards buying VIDT DAO (VIDT). The exchange will then calculate the equivalent amount of VIDT DAO (VIDT) based on the current market rate.
Note: Make sure to always double-check your transaction details, such as the amount of VIDT DAO (VIDT) 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.
How to create a Binance account
Show Detailed Instructions
Hide Detailed Instructions
Step 1: Go to the Binance website.
Step 2: On the registration page, enter your email address, and create a password for your account.
Then, read and agree to the Terms of Service and click “Create Account”.
Note: Your password must be a combination of numbers and letters.
It should contain at least 8 characters, one UPPER CASE letter, and one number.
Step 3: Complete the Security Verification.
Step 4: The system will send a verification code to your email. The verification code is valid for 30 minutes. If you can’t find the email in your inbox, check your other mail folders as well, or click “Resend Email” to resend.
How to complete KYC (ID Verification) on Binance
Step 1: Log in to your Binance account and click “User Center” and then “Identification”.
Step 2: click “Start Now” to verify your account.
Step 3: Select your country of residence.
Ensure that your country of residence is consistent with your ID documents.
Step 5: Enter your personal information and click “Continue.”
You won’t be able to change it once confirmed.
Refer to the respective options offered for your country.
Step 7: Follow the instructions to upload photos of your document. Your photos should clearly show the full ID document.
Do not wear hats, glasses, or use filters, and make sure that the lighting is sufficient.
Once your application has been verified, you will receive an email notification.
How to buy cryptocurrency on Binance
Step 1: Log in to your Binance account and click “Buy Crypto” and then “Credit/Debit Card”.
Step 2: Here you can choose to buy crypto with different fiat currencies. Enter the fiat amount you want to spend and the system will automatically display the amount of crypto you can get. When you have selected the amount you wish to spend then press “Continue”.
Note: You might not be able to purchase every cryptocurrency directly using fiat, if you’re looking to purchase something that isn’t offered in the currency list on this page, then you will want to purchase USDT. We will then show you how to exchange that on the spot-market for the cryptocurrency that you want in the next section of this guide.
Step 3: Click “Add New Card”. Then enter your credit card details and your billing address.
Step 4: Check the payment details and confirm your order within 1 minute. After 1 minute, the price and the amount of crypto you will get will be recalculated. You can click “Refresh” to see the latest market price. You will then be redirected to your bank’s OTP Transaction Page. Follow the on-screen instructions to verify the payment.
How to Conduct Spot Trading on Binance
Step 1: Log in to your Binance account.
Click on “Classic” under “Trade” on the top navigation bar.
Step 2: Search and enter the cryptocurrency you want to trade.
Step 3: Set buying/selling prices and buying/selling amount (or exchange total). Then click on “Buy”/”Sell”.
(Note: The percentages under the “Amount” box refer to percentages of the total account balance.)
Step 4: If you don’t want to set a manual price, you can place a “Market Order” to set the buying/selling price automatically.
Hide Detailed Instructions
How to create a Gate.io account
Show Detailed Instructions
Hide Detailed Instructions
Step 1: Go to the Gate.io website.
Step 2: Choose your username, your email address and your password. Then check “I certify that I am 18 years of age or older, and I agree to the Gate.io User Agreement Privacy Policy” and click “NEXT”.
Step 3: Set your fund password and click “Create account”.
Note: Your fund password must contain at least 6 characters and can not be the same as your login password.
Step 4: An activation email will be sent to your email address. Complete the rest of the registration process by following the instructions in the email to activate your account. Once this is done done, click “Email activated, please log in”.
How to complete KYC (ID Verification) on Gate.io
In order to ensure the safety of your assets, and to reduce fraud, money laundering, blackmail, and other illegal activities, Gate.io makes it mandatory that all users obtain KYC ID Verification. Only after your account has obtained KYC ID verification, can you withdraw funds or use credit cards or debit cards to buy cryptocurrencies.
Step 1: Log in to your Gate.io account.
Place your cursor on the top-right profile icon and go to “KYC (ID Verification)”
Step 2: Click “Individual (Verify now)”
Step 3: Select your country, input your full legal name (twice), fill in your ID information, upload photos of both sides of your ID card, and a photo of you holding your ID together with your User ID (UID) for Gate.io. You will see your User ID by placing the cursor on the top-right profile icon on the main page. Make sure everything is filled in correctly and then click on “Confirm and Submit”.
Step 4: After you have submitted all the requested information, you will see the pending approval.
Approval can take anywhere from a few hours to a few days to complete.
Once the KYC is approved, you’re ready to make your first cryptocurrency purchase.
How to buy cryptocurrency on Gate.io
Step 1: Log in to your Gate.io account.
Then in the Menu Bar at the top of the page, click “Buy Crypto” and select “Credit Card”.
Step 2: Enter the amount you wish to spend in the “Buy with Fiat Currency” tab and select the cryptocurrency that you want to buy under the “Currency Purchased” field. Then select one of the “Service Providers” below and click the “Place Order” button to enter the confirmation page.
Note: You might not be able to purchase every cryptocurrency directly using fiat, if you’re looking to purchase something that isn’t offered in the currency list on this page, then you will want to purchase USDT. We will then show you how to exchange that on the spot-market for the cryptocurrency that you want in the next section of this guide.
Step 3: On the confirmation page, select “Buy Crypto” or the “Create Order” button to complete the payment.
Note: To ensure a quick and secure way of receiving the order, users might need to conduct an additional Identity Verification (KYC) with a third-party service provider. Once successfully verified, the service provider will immediately transfer the cryptocurrencies to your Gate.io account.
How to Conduct Spot Trading on Gate.io
Step 1: Log in to your Gate.io account.
Click on “Spot Trading” under “Trade” on the top navigation bar.
You can either choose “standard” or “professional” version. This tutorial uses the standard version.
Step 2: Search and enter the cryptocurrency you want to trade.
Step 3: Set buying/selling prices and buying/selling amount (or exchange total). Then click on “Buy”/”Sell”.
(Note: The percentages under the “Amount” box refer to percentages of the total account balance.)
Step 4: If you don’t want to set a manual price, you can click on the last prices on the order book to set the buying/selling price automatically.
Step 5: Confirm the price and amount. Then click on “Place Order” to place the order, followed by “Confirm Order” to confirm it.
Hide Detailed Instructions
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.
What is VIDT DAO (VIDT)?
At the core of the VIDT DAO project lies the goal of establishing verifiable trust for all Web3 users and developers. The open-source technology used by VIDT DAO has been meticulously developed from scratch. For years, professionals and programmers from prominent corporations have scrutinized and refined the technology, preparing it to make a significant impact on a global scale.
VIDT DAO achieves trust by making data and documents verifiable through the use of advanced open-source blockchain and timestamping technology. The decentralized nature of VIDT DAO relies on a straightforward and robust formula designed to contribute to and protect value, while minimizing costs and efforts. This trust is essential for daily procedures carried out on the platform.
Growing Ecosystem and VIDT Validation Technology
The VIDT DAO ecosystem has already attracted a large number of integrators, publishers, and consumers who exchange $VIDT to protect valuable digital assets, such as certificates, NFTs, sensor data, AI prompts, and firmware. This is made possible through the innovative Web3 technique known as “every cloud to every chain.” VIDT DAO’s ecosystem places a strong emphasis on openness, ease of use, and scalability, with the ultimate goal of providing inclusive, fair, and resilient infrastructure for web3 data validation on a worldwide scale.
To utilize VIDT Validation Technology in the most efficient and time-saving manner, one needs to make use of the VIDT DAO API. The technology is not only compatible with the most popular programming languages but also easily connects to any software platform. The extensive documentation hosted on GitHub is open for anyone to enhance and build upon.
VIDT DAO Smart Contract: In-Depth Functionality and Benefits
The VIDT DAO smart contract is a crucial component of the platform, responsible for carrying out multiple tasks when a file is timestamped. First, it identifies the publisher (issuer), ensuring that the origin of the data is known and trusted. Next, it securely stores the (encrypted) hash of the file in several places: the transaction itself, the smart contract, and, if desired, the receipt tree. Storing the hash in the receipt tree allows for direct use in a wallet client or DAPP, enhancing accessibility and convenience for users.
Moreover, the VIDT DAO smart contract can also add the hash to the receipt tree if needed, further strengthening the traceability and auditability of data. By streamlining the process of standard anchoring and NFT generation, the VIDT DAO smart contract significantly enhances the overall user experience.
Expanding Use Cases and Community Involvement with VIDT Token
The VIDT token, as the native token of the project, offers several use cases that extend beyond data validation. Its role in data validation is vital, as every time a file is timestamped, a VIDT transaction is generated, which records all relevant information onto the blockchain, preserving the data’s integrity and authenticity.
Another significant aspect of the VIDT token is its role in governance. Token holders are empowered to propose and vote on strategic decisions that impact the development of various aspects of the project, including business direction, marketing efforts, and technological advancements. This community-driven approach to decision-making ensures that the platform evolves based on the collective input and vision of its users.
Each wallet holding a specific amount of VIDT is granted one vote, creating a fair and inclusive environment for participation in the platform’s governance. This sense of community and shared decision-making fosters a collaborative atmosphere, driving innovation and ensuring that VIDT DAO continues to meet the needs and expectations of its users.
VIDT DAO development updates in 2023
In 2023, VIDT DAO has undergone significant developments, marking a transformation in its approach and functionality. The key updates for VIDT DAO this year include:
-
Decentralization and DAO Transition: VIDT has transitioned into a Decentralized Autonomous Organization (DAO). This major shift involves launching a new smart contract and a new token, effectively decentralizing decision-making power to the community. The DAO structure enables community-driven decisions on business, marketing, and technological developments.
-
Introduction of New Smart Contract and Token: Accompanying the transition to a DAO, VIDT introduced a new smart contract, aimed at removing centralized privileges and enabling more democratic operations. This change also included the issuance of new VIDT DAO tokens, with existing VIDT holders being able to swap their tokens at a 1:10 ratio using the MetaMask plugin.
-
Open-Sourcing of Technology: VIDT’s validation technology, which has been successfully utilized by various companies for data and document verification, has been made open-source. This move allows a broader range of companies and platforms to leverage VIDT’s technology for their use cases, including Web3 applications.
-
Market Performance: As of the latest data, VIDT DAO’s market capitalization and trading volume have seen fluctuations, reflecting the dynamic nature of the crypto market. The token has been listed on multiple exchanges and is actively traded, indicating its active presence in the crypto ecosystem.
-
Future Prospects and Price Predictions: The transformation into a DAO and the consequent changes in VIDT’s operational model have led to a positive outlook for its future. Price predictions suggest a potential upward trajectory for VIDT in the coming years, although, as with any investment, these predictions are subject to market risks and uncertainties.
These developments represent a significant evolution for VIDT DAO, highlighting its commitment to embracing a more decentralized and community-driven approach while expanding its technological capabilities in the blockchain space.
Official website: https://vidt-dao.com/
Best cryptocurrency wallet for VIDT DAO (VIDT)
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 VIDT DAO (VIDT)?
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).
VIDT DAO (VIDT) Price & Charts
- Market Capitalization And Daily Trading Volume
- Current Market Price Of Every Cryptocurrency Relative To USD (And Some Local Currencies)
- Circulating And Total Supply
- Historical Charts With Prices Relative To USD, Bitcoin (BTC), And Ethereum (ETH).
