Last update: Jun 6, 2022

How to Buy DREP (DREP)

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

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

Let’s get started!

How to Buy DREP – 4 Easy Steps

1. Choose a crypto exchange

Finding a cryptocurrency 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 DREP of course.

2. Sign up with the cryptocurrency 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 DREP

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

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

Where to Buy DREP (DREP)

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

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 DREP

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

 

How to Buy DREP (DREP) 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 DREP in Australia, the process remains the same:

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

Or, if you’d like to know more about the exchanges we recommend, look at our comparison of the cheapest crypto exchanges in Australia.

How to Buy DREP (DREP) 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 DREP in Canada, the process remains the same:

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

Or, if you’d like to know more about the exchanges we recommend, look at our comparison of the top rated Canadian crypto exchanges.

How to Buy DREP (DREP) 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 DREP in the UK, the process remains the same:

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

Also, take a look at our analysis of the best UK crypto exchanges If you’re interested in learning more about which exchanges we prefer.

Considering buying DREP? DREP Rundown

DREP is dedicated to creating "connectors" as well as "toolboxes" based upon blockchain technology. It aims to offer solutions that are easy to use, flexible, and seamless integration. DApp teams can release multi-public-chain assets versions, built in wallets, or asset trading platforms using DREP SDK.

DREP proposes Smart Pipeline technology. This technology reportedly increases data processing capability, similar to a layer2 solution that is highly scalable and uses very little gas. DREP upgrades advanced technology solutions into APIs and Plug-ins, thus lowering blockchain learning costs, development difficulty, and complexity on the application/enterprise side.

DREP uses a Schnorr MultiSignature Algorithm, which is based on Secp256k1 elliptic to increase network efficiency and reduce transmission overheads.

DREP developed a Decentralized ID system (DID) based on HMAC (Hash Message Authentication Code). This system allows data connectivity and privacy protection. It forms a dual-layer system that includes a master ID and multiple sub IDs. DREP Client allows users the ability to manage assets and data on both centralized and decentralized platforms from one interface.

DREP Chain uses homomorphic encryption to protect sensitive information. This is in order to enhance privacy protection.

DREP created a comprehensive DREP Client to provide a simple-to-use interface for 2B companies and a frictionless service portal portal for DREP Ecosystem members. It integrates functions such as asset management, identity management and application development.

Related:

• How to Buy DODO (DODO)
• How to Buy Dusk Network (DUSK)