Last update: Jun 6, 2022

How to Buy Lido DAO (LDO)

Marco velaAuthor: Marco Vela - Fact-checked ✓

So you’re looking for a guide on how to buy Lido DAO. Depending on where you’re located, you’ll have various trading platforms to choose from.

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

Let’s get started!

Lido dao

How to Buy Lido DAO – 4 Easy Steps

1. Choose a crypto exchange

Finding a crypto exchange 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 Lido DAO 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 Lido DAO

Now that you have what you need to buy Lido DAO, head over to the market or buy section of the cryptocurrency exchange and buy some LDO.

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

Where to Buy Lido DAO (LDO)

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 Lido DAO

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

 

Crypto trading

How to Buy Lido DAO (LDO) 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 Lido DAO in Australia, the process remains the same:

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

You can also check out our comparison of the trusted crypto exchanges in Australia If you’re interested in learning more about the exchanges we would recommend.

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 Lido DAO (LDO) 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 Lido DAO in Canada, the process remains the same:

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

You can also take a look at our analysis of the bitcoin trading platforms in Canada If you’re looking to learn more about which ones we prefer.

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 Lido DAO (LDO) 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 Lido DAO 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 Lido DAO if it’s available. If the exchange doesn’t have Lido DAO. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Lido DAO), and trade your ETH for Lido DAO.

If you’d like to know more about the exchanges we prefer, read our list of the top exchanges to buy and sell cryptocurrency 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 Lido DAO? LDO Rundown

Lido DAO seeks to solve problems for Ethereum2.0 via noncustodial stake. The liquid staking solution has demonstrated great potential since its launch in December 2020. Lido DAO's derivative token stETH allows ETH that was locked in the initial phase of the initial phase to be staked into different protocols. Lido DAO is the dominant network in the ETH 2.0 staking marketplace with more than 80% market share. LDO, its native token is doing well with consistent ups (green candles). LDO's initial price of $1.50 has risen to $18.62. This is an increase of more than 1,200% in a single year.

Lido DAO ( Decentralized Autonomous Organization) provides liquid staking solutions for ETH 2.0. Lido DAO is a liquid staking solution that allows assets to be liquified for use in other protocols. The act of receiving liquid tokens as a reward for depositing tokens is called liquid Staking. You can also use liquid tokens to stake other blockchain protocols.

Lido was founded in December 2020, just weeks after the launch ETH 2.0. It is governed and managed by a DAO. P2P capital, and Semantic Ventures are some of the key members of Lido DAO. It is also supported by renowned investors such as Kain Warwick and Banteg.

Lido DAO is one of the most well-known platforms for liquid staking. It has already raised over $13 Billion in staked assets in just one year. Lido was initially developed to focus on Ethereum. However, it is now expanding to other blockchain networks such as Terra or Solana. In March 2021 and September 2021, Terra and Solana were launched.

Lido DAO's unique feature is its decentralized nature. Lido offers an APR of 4.8%-8.1%, 6.6% and 6.6% respectively for Solana, Terra, and Ethereum staking.

LDO grants governance rights to members of the Lido community. Any LDO holder has the right of vote in any decision-making process. The amount of LDO they stake determines their voting power.

LDO tokens can also be used to manage fee parameters and add or remove nodes from the network.

Related:

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.