You know that relative of yours that has a great, 50 GB data plan and only uses a fraction of it each month because all they use it for is sharing the occasional photo on social media?
Have you ever wished you could lower your cellphone bill by using the data they leave unused each month? Dent Wireless wants you to be able to do just that.
They are creating a blockchain-based platform that allows users to buy, sell, and share mobile data via the Dent cryptocurrency. If you've already read about Dent Wireless and are wondering how to buy Dent Coin, you've come to the right place.
Read on for a full step-by-step guide on where to buy Dent Coin.
Where to buy Dent Coin – Top 5 Exchanges
The first thing you have to find out when you're going to buy a cryptocurrency is where you can buy it. There are hundreds of exchanges out there. But there are also over six thousand cryptocurrencies with more popping up almost every other day.
No exchange comes even close to listing all of them. And many of the lesser-known tokens are listed only in exchanges of questionable security or even legitimacy.
If you're buying one of the top-tier cryptos, like Bitcoin, Ether, Litecoin, or even Cardano, you can go to pretty much any exchange you want.
But Dent Coin is far from being in the top tier. It currently ranks in 280th place among cryptocurrencies according to market capitalization. This means there won't be many places you can go to buy Dent.
Fortunately, some of the world's best exchanges list it and are your best options for purchasing. Let's check out the top five exchanges for Dent Coin:
|Binance||Rating: 5 |
|KuCoin||Rating: 5 |
|Bittrex||Rating: 5 |
|HitBTC||Rating: 5 |
Step-by-Step Guide on How to Buy Dent Coin
From the list above, Binance is the largest, most reputable exchange that lists Dent Coin, so it's a great choice.
Looking at the available trading pairs, you see that DENT can only be purchased with Ether or the USDT stablecoin, so you have to own ETH or USDT tokens already.
So if you're looking to buy Dent coin with USD or change Dent coin to USD, you're out of luck; you're going to have to go through another token.
We'll assume you have some Ether in a personal wallet and want to use some of those to buy DENT.
Step 1: Create an account on Binance
If you already have a Binance account, go ahead and skip to the next step. If not, read on.
Head over to www.binance.com and click on the yellow “Register” button in the top banner.
Fill in your e-mail address, type in a secure password, then click on “Create account” and follow all the steps to verify and activate your account. Don't forget to set up Two-factor authentication (2FA) for added security.
Step 2: Deposit funds
Now that you have your Binance account all setup, you need to deposit the funds you'll use to buy Siacoin. To do that, you have to transfer Ether from your wallet to your Binance ETH wallet.
First, log in to your Binance account and, from the top ribbon, click on “Wallet” then on “Spot Wallet.”
This page shows you your general balance. In other words, the combined value of the tokens in all your wallets. Find ETH in your assets list and click the “Deposit” button.
On this page, your Binance ETH wallet address will appear on the right. Here you can copy the address to the clipboard or scan the QR code shown there.
Now go to your wallet where you have stored your Bitcoin and transfer the desired amount to the wallet address you got above. In a few minutes, after all the network confirmations have been completed, your tokens will be in Binance ready for purchasing.
Step 3: Buying Dent coin
Now that your ETH is on Binance, you'll need to head over to the cryptocurrency market. Click on “Markets” in the top ribbon.
Since we are buying with Ether, click on the “ALTS Markets” tab and then type DENT in the search box on the right.
The DENT/ETH trade pair will show up in the window. Click on it to go to the trading page.
This is the market page for the Dent Coin/Ether trading pair. The first part will show some pricing information. The part you need to make the purchase is at the bottom, so scroll down.
The right-hand column is for buying ETH with DENT, so we need to look at the left-hand column. In the “Total” box, fill in how much ETH you want to spend. In this example, 0.03 ETH. We can see here that we'll get 37,037 DENT. After everything is filled in, click on the “Buy DENT” button to complete the process. In a few minutes, your Dent Coins will be in your wallet.
Best Wallets to Hold Dent Coin
Now that you know how to buy Dent coin, you're going to need a Dent coin wallet to store them after you buy them. Remember, it's generally not a good idea to keep your crypto tokens on exchanges for long periods.
Since DENT is an ERC-20 token, any ERC-20 compatible wallet will do, but here we'll show you some of the best.
|Trezor One||Rating: 5 |
|MetaMask||Rating: 5 |
|Ledger Nano S||Rating: 5 |
|Coinomi||Rating: 5 |
|Trust Wallet||Rating: 5 |
Both Ledger Nano S and Trezor One are hardware wallets. Hardware wallets offer the highest level ofo security for your cryptocurrencies because they keep your keys offline, where hackers can't get to them.
If you're going to get involved in crypto trading, you should consider getting a hardware wallet. All other entries on the list are free-to-download, free-to-use software wallets.
All three of them have versions for smartphones; MetaMask is also available as a browser extension, and Coinomi offers a desktop version for all three major operating systems.
More information about Dent Coin [FAQs]
What is Dent Coin?
DENT is an ERC-20 compatible token (meaning it runs on the Ethereum blockchain) that powers the Dent Wireless blockchain-based platform, which aims to let users buy, sell and share wireless data across the globe.
How does Dent Wireless work?
The Dent Wireless platform is available in 50 countries so far. Users download and install the Dent app and install a Dent eSIM card that lets them access worldwide data and calling plans.
Users who have extra mobile data can sell it to users who need it. Users who buy mobile data can share it among multiple devices. Transactions are done using the platform's native Dent Coin.
Is Dent Coin a good investment?
Dent coin is currently worth 0.000331 USD, so it's a very cheap cryptocurrency to get into. The possibility of the token being worth more in the future depends on how successful the Dent Wireless platform can be.
In some countries, wireless data isn't that expensive, and this project may not sound too exciting. But it is appealing to a lot of people across the world.
The platform is currently available in 50 countries, and now that they've got their Android and iOS apps available and have done some rebranding and added additional functions to the platform, it seems they are ready to expand, which should raise the token's price.
Price prediction algorithms indicate that DENT could be worth 0.0489 USD by 2025, an increase of over 7,500%. So DENT looks like an excellent long-term investment.
Blockchain-based telecommunication is undoubtedly an attractive idea.
In many countries all around the world, access to computers and broadband internet service is limited and expensive, so a lot of people use their smartphones or tablets to browse the web and use other internet services.
A global platform that lets users with excess data to sell it and users who need additional data to buy it at a reduced cost is surely something that could catch on.
Worldwide data and calling plans could also be of great value to frequent travelers, so the platform's potential is certainly there. If it catches on, Dent Coin will surely skyrocket, and several price prediction algorithms estimate it will, at least in the long run.
At the moment, DENT is a very cheap token to buy and, now that we've shown you where to buy Dent Coin, you know exactly what to do to get your hands on some.
What do you think? Do you find the concept of a worldwide data and calling plan that costs less than your current plan an attractive one? Leave a comment with your opinion.