HOW AND WHERE TO BUY XDG – AN EASY STEP BY STEP GUIDE
Cryptocurrencies have the potential to revolutionize the already massive online gaming industry. Via cryptocurrencies participants can hold verifiable ownership of in-game assets and rewards. One fast-growing online gaming platform that has fully embraced cryptocurrencies is Decentral Games. Through their XDG token users can participate directly in votes that influence the future of the platform.
In this easy-to-understand, step-by-step guide we will show you exactly what XDG is and how you can purchase and use it in no time.
What is XDG?
XDG is the governance token of the Decentral Games ecosystem. Decentral Games, which also has its own non-governance token (DG), is a metaverse-based gaming platform. The metaverse represents the future of the decentralized web, where users will not only participate in but also own gaming assets and property.
A central tenet of the metaverse is the use of decentralized cryptocurrencies and tokens (like XDG) to bestow verifiable ownership and property rights to participants in the virtual realm. The Decentral Games platform hosts a variety of games where users can compete and earn cryptocurrency (usually DG tokens). The most popular offering is their version of online poker.
As a governance token, XDG owners can vote on exclusive proposals which influence the future direction of the platform. The value of the token comes from the utility and power to influence the platform that these voting rights allow for.
If this sounds interesting to you, read on to learn how you can purchase XDG and participate in the future of the metaverse.
Step 1: Register on Fiat-to-Crypto Exchange
XDG is the governance token of the Decentral Games ecosystem. Decentral Games, which also has its own non-governance token (DG), is a metaverse-based gaming platform. The metaverse represents the future of the decentralized web, where users will not only participate in but also own gaming assets and property.
A central tenet of the metaverse is the use of decentralized cryptocurrencies and tokens (like XDG) to bestow verifiable ownership and property rights to participants in the virtual realm. The Decentral Games platform hosts a variety of games where users can compete and earn cryptocurrency (usually DG tokens). The most popular offering is their version of online poker.
As a governance token, XDG owners can vote on exclusive proposals which influence the future direction of the platform. The value of the token comes from the utility and power to influence the platform that these voting rights allow for.
If this sounds interesting to you, read on to learn how you can purchase XDG and participate in the future of the metaverse.
Step 2: Buy BTC with Fiat Money
Before you can hold more niche cryptocurrencies like XDG you will need to buy a more well-known cryptocurrency on the fiat-to-crypto exchange which you will then trade for XDG in step 3 below. CryptoWallet.com currently offers Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), and Tether (USDT) as options. Since CryptoWallet.com is focused on convenience, you can even use your debit or credit card to purchase these cryptocurrencies, making the transaction as easy as any other type of online purchase.
We recommend purchasing BTC to begin since it is the most widely accepted cryptocurrency. This will make your job of trading it for XDG much easier in the following step.
After purchasing BTC you are ready to move on to step 3: which is to transfer the BTC to an altcoin exchange and make your trade for XDG.
Step 3: Transfer BTC to an Altcoin Exchange
The easiest way to find which exchanges are currently supporting XDG is to navigate to CoinGecko.com or CoinMarketCap.com and search for ‘XDG’. On either site, you will be presented with a list of current supporting exchanges plus trading pairs (such as BTC/XDG for example).
Once you have found your desired altcoin exchange you will need to sign up for this new exchange. However, since fiat money is not involved and you will only be trading crypto-to-crypto from here on out, the sign-up process should be non-complicated and quick.
After signing up it is time to send your BTC for the trade by finding your BTC receive address on the new exchange and copying and pasting that address into the ‘Send To’ field on the CryptoWallet.com app.
Generally, it will take 15-45 minutes for your BTC to arrive on the altcoin exchange. After this, you can search for the BTC/XDG trading pair and execute your trade. Once the trade settles you will officially own XDG.
Step 4: Store XDG Securely
You could choose to store your XDG on another software wallet. Be sure to do your own research to find the best wallet that supports XDG and is secure, safe, and reputable. Software wallets can be secure (such as with CryptoWallet.com) but this is not always the case.
For larger amounts of funds or if you are storing your crypto for a long period of time you may want to consider purchasing a hardware wallet. Hardware wallets provide an extra layer of protection by storing the keys to your crypto offline. The downside of hardware wallets is that they are less convenient than software wallets and require an extra purchase (of the hardware wallet itself). If you decide that a hardware wallet is the best option for you, Trezor and Ledger are both excellent choices that are reputable and well tested. Different models of both Trezors and Ledgers support different coins, so make sure the model you choose supports XDG before making your purchase.
Other Useful Tools for Trading XDG
If you prefer, you can also trade XDG on a decentralized exchange such as Uniswap. Decentralized exchanges allow you to execute trades directly from your chosen wallet without needing to rely on and give up custody to an exchange.
As mentioned, price-feed tools like CoinGecko.com and CoinMarketCap.com are also very useful for trading cryptocurrencies like XDG. These tools provide you with a real-time price chart and statistics such as current market cap and trading volume. In addition to this, CoinGecko and CoinMarketCap will provide you with a list of exchanges currently trading XDG as well as the trading pairs they support (for example BTC to XDG or USDT to XDG, etc).
Latest News for XDG
Decentral Games recently launched an ongoing series of online events aimed at raising awareness and drawing new users to the platform. These include competitions with extra prizes, online DJs providing entertainment, and more. Check out the Decentral Games event page for a schedule of upcoming online events.
Frequently Asked Questions
Can I buy XDG with cash?
Unfortunately, you cannot buy niche cryptocurrencies like XDG directly with cash. However, a cash-like way to purchase XDG is to use your debit or credit card to purchase BTC on CryptoWallet.com and then trade that BTC for XDG on an altcoin exchange.
Are there any quick ways to buy XDG in Europe?
The quickest way for you to buy XDG in Europe is to use the CryptoWallet.com app which will allow you to buy Bitcoin (BTC) directly with your debit or credit card. Once you have completed this purchase you can easily swap your BTC for XDG on an altcoin exchange.
Are there any alternative platforms to buy XDG or Bitcoin with credit cards?
While the combination of CryptoWallet.com and an altcoin exchange that supports XDG is likely the easiest and best option to purchase BTC with a credit card and then swap that BTC for XDG, other options may exist. You should do your own research as to which option is best for you and what the potential trade-offs are for your chosen platform.