We’ve put together this quick guide to show you where and how to buy the cryptocurrency $DESO.
Currently there are three exchanges plus DeSo itself to buy $DESO.
To bypass the exchanges and get $DESO right now, our suggestion is to head over to DeSo and sign up for an account on their social media network.
NOTE: If you sign-up using that link you’ll actually be given $25 in $DESO for free by just verifying your account.
Here’s a quick video tutorial on how to set up your account on DeSo:
Once you’ve signed up for your account all you’ll need to do is click on the “Buy $DESO” link on the menu and follow the instructions.
DeSo has made it pretty painless and allows you to buy $DESO using Bitcoin (BTC), Ethereum (ETH), or even your credit card.
You’ve $DESO should arrive in your account pretty instantly after your purchase.
What exchanges can you buy $DESO on right now?
To purchase $DESO on the majority of the cryptocurrency exchanges, you will already need to have Bitcoin (BTC) or Ethereum (ETH) to trade with. The good news is that you can easily purchase either cryptocurrency at Coinbase using your Credit Card or even Bank Account.
NOTE: If you plan on buying $DESO on Coinbase (available on December 14), you’ll just need USDT versus BTC/ETH to purchase it. Then you’ll go through the normal investment process on Coinbase.
If you plan on buying $DESO off of Coinbase, you will need to transfer your BTC or ETH investment to another cryptocurrency exchange. I know this sounds painful, but it really isn’t.
As each exchange has their own way of setting up a trading account, I will have to skip that portion of this guide but the majority of the exchanges have a similarly easy setup process like Coinbase. Plus since your funding will be doing using the Bitcoin or Ethereum your’ve already purchased, the setup should take less time.
Once you have your trading account setup at one of the exchanges that trades $DESO, you will need to transfer your BTC or ETH from Coinbase to that specific exchange. This is done via a wallet system.
Don’t get overwhelmed as this is pretty straightforward.
At the exchange where you are wanting to purchase $DESO you will need to get your account’s BTC or ETH wallet ID. On most exchanges you’ll see a DEPOSIT button next to either BTC or ETH. When you click on it you should see (or be given a button to click to create) your wallet ID. This wallet ID is specific to your account.
MAKE SURE that you are getting the wallet ID for the correct currency you purchased as Coinbase. Bitcoins can only go into Bitcoin wallets, Ethereum can only go into Ethereum wallets.
Now you play a short waiting game as your transfer has to go through the cryptocurrency ecosystem and be confirmed multiple times. There is nothing on your end to do except wait for this to happen. Depending on the day this could take 5 minutes or even up to a few hours.
The good news is that in your Coinbase account they give you a link to track the transfer.
Once your transfer has been confirmed it should show in your exchange’s account and will be immediately ready to be used to buying $DESO.
Let me reiterate, I am not a licensed professional so I can’t give you any investment advice on how to handle the next step.