Dino (DINO) is the increasingly popular utility token for the Dino system. Considered by some to be the next big challenger to Pancakswap, this popular token beloved dinosaur mascot is emerging to be a challenger in the space. In this quick and easy guide, we will be discussing a little about this token, its platform, and how to get your hands on your very own DINO coin.
What is Dino?
Dino (DINO) is a native coin to the Dino system. This system operates as an altcoin exchange, with various DeFi hub products, and yield farming aggregator that has been enjoying a small growth in popularity. It appears that Dino is attempting to become a key player with increasing interest in the altcoin crypto space. With potentially massive gains being possible if DINO can carve out a significant enough portion of this highly competitive market.
Launched on March 2nd, 2021 this platform is built upon the ERC-20 standard yet operates via the Polygon system. As an altcoin utility token, this coin allows holders to take part in a host of operational systems found throughout the blockchain such as governance, burn pools, and 3rd party integrators. In layman’s terms, DINO is the connecting tissue of the Dino system and as the Dino system enjoys success so too does the value of the DINO asset holders.
Step 1: Register on Fiat-to-Crypto Exchange
So to start you’re going to have to purchase another cryptocurrency, which you will then exchange for DINO. Bitcoin (BTC) and Ethereum (ETH) are the two most popular coins to start with, but for our example, we’ll be using Ethereum.
To purchase ETH, you must first register with a Fiat-to-Crypto Exchange. You have a lot of options when it comes to choosing a crypto exchange, and each one is a bit different, so it’s a good idea to browse around. However, we’ll use CryptoWallet for our example.
CryptoWallet is a widely used, safe, and simple-to-use program available for download on the Apple App Store and Google Play Store. After downloading, simply follow the onscreen instructions to connect one of your fiat accounts to your new CryptoWallet account. Following that, you may transfer fiat currency straight from your bank account into your CryptoWallet account, which will then be available for trading.
Step 2: Buy ETH with Fiat Money
You can swap your cash for ETH now that you have some in your CryptoWallet account.
So for the next step, go to the CryptoWallet app’s trading page and look for ETH. Then, after selecting the amount you’d like to purchase, click “Buy.” To help you make the best financial decisions, CryptoWallet includes different price comparison charts, market data statistics, and trading tools.
There will be a brief confirmation time after your ETH purchase is completed before the amount of ETH purchased, as well as any remaining money, are displayed in your CryptoWallet account.
Step 3: Transfer ETH to an Altcoin Exchange
So now that you have some ETH you are going to want to trade that ETH for DINO on an Altcoin Exchange.
There is a large altcoin exchange selection available online so one must be careful when looking for an exchange that best suits their needs. One of the very first things one should look for in an altcoin exchange is whether or not the exchange handles the desired trading pair, in this case, ETH/DINO.
DINO is the native coin to its own exchange, DinoSwap. Therefore in this guide, we will be utilizing this token native altcoin exchange.
After that, you’ll need to register a DinoSwap account and start trading. In the case of DinoSwap, the signup process is quite scant and therefore very quick.
DinoSwap will tell you when your account is ready to trade once you’ve completed these procedures. Then send some ETH to your new DinoSwap account using your CryptoWallet account. Select “deposit money” from the drop-down menu on the DinoSwap “funds” page. DinoSwap will then generate a wallet address or a QR code for you. Then choose money from your CryptoWallet account. Now is the moment to scan/enter the DinoSwap address and the amount you want to send to your CryptoWallet.
After a brief confirmation time, your ETH will appear on your DinoSwap account, and you may swap it for Dino. Select the ETH/DINO trading pair and the amount you wish to exchange from the DinoSwap trading menu.
Last Step: Store Dino Securely
So now that you bought some Dino, you’ll most likely want to know where you can store it, so consider wallet systems.
In the case of DINO, a wallet system that handles the BEP or ERC-20 standard should be able to safely store DINO. Additionally, however, DINO has its own specific wallet called Dino.
Once you’ve selected a wallet you like, go to DinoSwap’s ‘withdraw money’ option and type or scan your Dino code into the address box of your new wallet. Your Dino will be safely kept in your new wallet within a short time.
In the future, keeping an eye on the CryptoWallet app could be a smart idea. While it currently lacks Dino, it is safe, straightforward, and easy to use, with a roadmap of future currencies in the works.
Other Useful Tools for Trading Dino
We can’t offer you trading or financial advice, but in this section, we can give you a short review of some of the tools available on most exchanges that, when used correctly, may help you make the best financial decisions possible with your assets.
The On-Balance-Volume (OBV) indicator is a straightforward tool that displays both positive and negative volume movement as well as the trend’s value direction in wDINOl.
The Average Directional Index (ADI) is a simple indicator that informs traders about the strength of a demand or supply trend. The asset’s movement intensity might help you figure out how often lengthy motions occur.
The Stochastic Oscillator is a tool that traders may use to watch an asset’s price over time and in relation to a single event during that time.
Latest News for Dino
In this section, we will briefly talk about some of the more recent news about the token DINO.
On March 11th, 2022 DINO announced a chain migration, supposedly for better greenhouse gas-related benefits. The carbon footprint of blockchain systems even at optimal levels is usually quite daunting, so better environmental commitments if held are extremely important in the space.
On January 31 2021 Dino announced a community-run meme competition. This friendly competition was held amongst DINO’s various social media, with various prizes available.
Can I buy Dino with cash?
Like many altcoins, you cannot purchase them directly with fiat funds. Instead, by purchasing an already existing coin such as Bitcoin or Ethereum you may then trade that currency for your desired altcoin on an altcoin exchange. Look at the above guide on how to do this!
Are there any quick ways to buy Dino in Europe?
There are many different altcoin exchanges available that can handle trading an already existing cryptocurrency for DINO and most of these options, such as DinoSwap are readily available in the EU. Look at our above guide on how to register for an altcoin exchange!
Are there any alternative platforms to buy Dino or Bitcoin with credit cards?
No, you cannot purchase DINO directly with a credit card, instead, you can follow the above-outlined guide on how to trade another cryptocurrency for DINO. Bitcoin however can be purchased directly via a credit card through online financing services such as eToro.