Last update: Jun 6, 2022

How to Buy ConstitutionDAO (PEOPLE)

Marco velaAuthor: Marco Vela - Fact-checked ✓

So you’re looking for a guide on how to buy ConstitutionDAO. Depending on where you’re based, you’ll have different exchanges to choose from.

In this guide, we not only cover the top 3 global cryptocurrency exchanges, but also the best exchanges for Australia, Canada, and the UK.

Let’s get started!

Constitutiondao

How to Buy ConstitutionDAO – 4 Easy Steps

1. Choose a crypto exchange

Finding a crypto trading platform isn’t that hard. There are plenty of big players out there that have been around for quite some time.

This is where our comparison tables can help. The important factors to look for are fees, security, and if they have ConstitutionDAO of course.

2. Sign up with the crypto exchange

Signing up with any of the major exchanges is generally very easy. The initial sign up should be very fast, and even the verification processes are very well set up these days.

3. Fund your account

Next, you would need to fund your account with either fiat money (USD, AUD, GBP, CAD, etc) or another cryptocurrency like BTC or ETH. This process should again be straightforward and easily done using one of the bigger cryptocurrency exchanges.

4. Buy ConstitutionDAO

Now that you have what you need to buy ConstitutionDAO, head over to the market or buy section of the crypto exchange and buy some PEOPLE.

If the crypto exchange doesn’t have any ConstitutionDAO on offer, for most cryptocurrencies you can buy Ethereum instead, transfer it to a decentralized exchange like Uniswap (check if Uniswap has ConstitutionDAO first), and trade your Ethereum for ConstitutionDAO.

Where to Buy ConstitutionDAO (PEOPLE)

These are our top 3 exchanges based on the number of cryptocurrencies on offer, security, ease of use, and fees.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
BinanceUSD, AUD, EUR, GBP, CAD, CNY, and many more.350+Credit card, Cryptocurrency, Debit card, and moreVisit Binance
FtxUSD, EUR, GBP, AUD, HKD, CAD, CHF, BRL250+Wire transfer, Credit card, Silvergate Exchange Network, SIGNETVisit FTX
Etoro logoUSD, GBP, AUD, EUR, and more50+credit card, skrill, paypal, bank transfer, and moreVisit eToro
Disclaimer: Cryptocurrencies are volatile and may involve a lot of risk. Their performance is very unpredictable and past performance is no guarantee of future performance. Consult a financial advisor or obtain your own advice independent of this site before relying and acting on the information provided.

How to Sell ConstitutionDAO

  1. Sign into the cryptocurrency exchange where you bought ConstitutionDAO.
  2. Move your ConstitutionDAO to the right place on the cryptocurrency exchange. Some exchanges have trading accounts you need to use for buying and selling.
  3. Sell ConstitutionDAO.

 

Crypto trading

How to Buy ConstitutionDAO (PEOPLE) in Australia

Looking at Australian crypto exchanges, it's always good to check if the exchange is registrered with AUSTRAC (Australian Transaction Reports and Analysis Centre). In addition, it would be handy if the exchange has integrated with POLi pay and PayID for instant AUD deposits.

If you’re looking to buy ConstitutionDAO in Australia, the process remains the same:

  1. Find a cryptocurrency exchange below.
  2. Sign up for an account.
  3. Fund your account with AUD.
  4. Buy ConstitutionDAO if it’s available. If the exchange doesn’t have ConstitutionDAO. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has ConstitutionDAO), and trade your ETH for ConstitutionDAO.

If you’d like to know more about which exchanges we prefer, read our comparison of the best places to buy crypto in Australia.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Swyftx logoAUD, NZD300+bank transfer, POLi pay, PayID, credit cardVisit Swyftx
Binance logoUSD, AUD, EUR, GBP, CAD, CNY, and many more.350+Credit card, Cryptocurrency, Debit card, and moreVisit Binance
Ftx logoUSD, EUR, GBP, AUD, HKD, CAD, CHF, BRL250+Wire transfer, Credit card, Silvergate Exchange Network, SIGNETVisit FTX

How to Buy ConstitutionDAO (PEOPLE) in Canada

When researching Canadian crypto exchanges, make sure they're registered with FinTRAC (Financial Transactions and Reports Analysis Centre of Canada) and ideally support Interac e-Transfer (in addition to wire transfer and maybe credit cards) for smooth CAD deposits.

If you’re looking to buy ConstitutionDAO in Canada, the process remains the same:

  1. Find a cryptocurrency trading platform below.
  2. Sign up for an account.
  3. Fund your account with CAD.
  4. Buy ConstitutionDAO if it’s available. If the exchange doesn’t have ConstitutionDAO. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has ConstitutionDAO), and trade your ETH for ConstitutionDAO.

If you’d like to learn more about the exchanges we prefer, read our comparison of the best platforms to buy cryptocurrency in Canada.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Bitbuy logoCAD15+Wire transfer, Interac e-TransferVisit Bitbuy
Coinberry logoCADBitcoin, Ethereum, Litecoin, BCH, XLMInterac e-Transfer, Wire transfer, Credit card, Debit cardVisit Coinberry
Ndax logoCADBitcoin, Ethereum, Litecoin, and 4 morewire transfer, Interac e-Transfer, Bank draftVisit ndax

How to Buy ConstitutionDAO (PEOPLE) in the UK

We recommend only looking at UK cryptocurrency exchanges that are registered with the FCA (Financial Conduct Authority). As for GBP deposit methods, the top exchanges should support FPS transfers (Faster Payments Service) and ideally credit/debit cards.

If you’re looking to buy ConstitutionDAO in the UK, the process remains the same:

  1. Find a cryptocurrency exchange below.
  2. Sign up for an account.
  3. Fund your account with GBP.
  4. Buy ConstitutionDAO if it’s available. If the exchange doesn’t have ConstitutionDAO. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has ConstitutionDAO), and trade your ETH for ConstitutionDAO.

Or, if you’d like to know more about which exchanges we prefer, read our comparison of the cryptocurrency brokers in the UK.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Cex logoGBP, USD, EUR10+Bank transfer, credit card, debit cardVisit CEX
Coinjar logoGBP50+Bank Transfer (FPS), Visa, MastercardVisit Coinjar
Coinbase logoUSD, GBP, EUR150+Bank transfer (FPS), credit/debit cardVisit Coinbase

Cryptocurrency trading

Considering buying ConstitutionDAO? PEOPLE Rundown

Constitution DAO was an experimental arrangement that has been disbanded. A group of web3-enthusiasts formed a autonomous, decentralized organization in November 2021 with the common goal of purchasing a copy the U.S. Constitution at Sotheby's Auction. Due to the fact that only 13 copies of the U.S Constitution are still in existence, this auction saw a fierce bidding war. Despite raising over $40 million in ETH, the group was unsuccessful and was outbid to by Ken Griffin, a billionaire hedge-fund manager and CEO at Citadel.

After its failed grassroots effort to purchase one of America's most iconic and valuable documents, Constitution DAO announced it would dissolve. All donations will be refunded.

Another example of an internet-based grassroots movement gaining establishment symbols through cryptocurrencies was Constitution DAO. Like GameStop's success, Constitution DAO harnessed the virtual power and influence of the masses to make real-world history.

Six days before the Sotheby’s auction, November 18, the DAO posted its first tweet. This copy of Constitution was the only privately-owned copy and it was also the first time in 33 years that a copy of Constitution had been sold. Within hours, several thousand people joined the DAO's Discord server and reached 20,000 in a little more than a week.

The attempt to steal the Constitution was based on a mixture of Nicolas Cage memes and the first viral meme (x,x), which was popularized by Olympus. To receive Ether donations, the DAO used juicebox to collect a total of $47 million. If it weren't for the auction house fees and storage expenses for the document, the DAO would have been able to win the auction. Ironically, Ken Griffin won the auction, who is a known opponent to Bitcoin.

Constitution DAO declared that it would dissolve in the wake of the saga. It had been planned to dissolve in the event of failure since the beginning. The reasons it gave were technical and administrative. Donations can be reclaimed for an unlimited period of time via the website.

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author Marco Vela

A crypto obssessed digital marketer passionate about making a difference in the world. When he's not behind the computer he can be found hiking, camping and relaxing with his dog.