Want to jump straight to the answer? You can buy DENT on Changelly.
Dent Wireless aims to create a marketplace where anyone can buy or sell mobile data bandwidth using Dent Tokens, the native cryptocurrency on its Dent Wireless platform. Digital assets are becoming evermore popular, but how do you buy these various digital currencies? Plus, are there any hiccups that financial institutions experience in the crypto space?
Did you know that tt’s estimated that around $4.8 billion of mobile data goes unused on a monthly basis, and Dent believes it can offer this unused data to those who need extra bandwidth. At one point, Dent tokens had appreciated well over 1,000% in value in only a few months, generating new interest among cryptocurrency investors.
Learn how to buy Dent (DENT) now and add to your financial assets with a new form of diversity.
What is Dent?
Dent Token uses the ERC-20 Ethereum token standard. This means that Dent tokens use Ethereum’s network to secure its blockchain, allowing the platform to benefit from Ethereum’s robust decentralized network. The token is integrated into Dent’s platform, so users will need to use Dent tokens to purchase mobile data on its marketplace.
Dent Wireless emphasizes the benefits of its platform over traditional data plans. Instead of crypto traders like you are purchasing a set amount of data, you only need to pay for what you use. The platform can be used from anywhere in the world, and Dent doesn’t charge any extra roaming fees, making it a more affordable option than traditional data plans for travelers.
Brief History of Dent
Dent token launched its initial coin offering in July 2017, and it raised $4.3 million in 2 weeks. Each token initially sold for $0.0006, and there are currently 94 billion tokens in circulation.
With a maximum of 100 billion Dent tokens, there is low risk for inflation. The token is currently trading around 1 cent, so it can provide a strong return on investment to early investors.
Since its inception, Dent Wireless has grown its user base to 26 million people worldwide. The exchange for mobile data is fully operational, and the company has ambitious goals for 2021.
Dent Wireless plans to include international voice packages in its data packages and integrate with social media platforms to make it easier for users to connect with its platform.
How to Buy Dent (DENT)
- Open an online account.
Unfortunately, Coinbase and Gemini don’t support Dent. You’ll need to make an account with Binance or use Uniswap to invest in Dent tokens.
Making an account with Binance is a quick and easy process; you just need to enter your email address and create a password. Depending on where you live, you’ll most likely need to provide personal identification information. Some additional information that may be required before you start trading is your birthdate, Social Security number and home address.
Alternatively, you can use Uniswap to trade Ethereum tokens for Dent directly from your Ethereum wallet. You can buy Ethereum on any cryptocurrency exchange and then send it to your Ether wallet to use Uniswap’s exchange. There’s no need to make an account –– all you need to do is connect your wallet to Uniswap’s website and swap your Ether tokens for Dent.
- Buy a wallet (optional).
If you choose to use Uniswap to invest in Dent, you’ll need to download an Ethereum wallet on your computer. Popular software wallets cryptocurrency investors use with Uniswap are Coinbase Wallet and Metamask, as these wallets are regarded as some of the most secure Ethereum software wallets.
If you plan to use Binance to invest in Dent tokens, then you should consider storing your cryptocurrency assets in a hardware wallet. Exchanges are targets for online hackers. Keeping your funds in a hardware wallet stores your cryptocurrency offline and makes it impossible for your funds to be hacked.
- Make your purchase.
The way you make your purchases differs depending on the platform you use to buy Dent tokens. If you’re using Binance, you can buy Dent with either Ethereum tokens or Tether (USDT). Since Tether is a stablecoin, using USDT simulates buying Dent with fiat currency.
If you use Uniswap to purchase Dent tokens, you’ll need to swap Ethereum tokens for Dent. The interface is straightforward, and the code calculates the current price of Dent tokens using the ratios of crypto assets available for liquidity. Before you approve the transaction, you’ll be able to see how many Dent tokens you’ll receive at the current market rate.
Best Crypto Exchanges
Best Crypto Wallets
Here are the best software and hardware wallets for Dent.
Best Hardware Wallet: Ledger Nano S
The Ledger Nano S is a multicurrency hardware wallet that supports over 1,000 different cryptocurrencies. The company is a leader in the hardware wallet space, and it’s been producing cryptocurrency wallets since 2014. The Ledger Nano S is affordable for most crypto investors, coming in at just over $50 on Amazon.
Best Software Wallet: MyEtherWallet
MyEtherWallet is the original cryptocurrency wallet used to store Ethereum — but the software has expanded to include all types of ERC-20 tokens as well. MyEtherWallet features a simple setup and mobile app, allowing most users to create their account and get started transferring their tokens in as little as a few minutes.
You can connect your mobile app to your desktop using a QR code. If your phone moves too far away from your computer, the wallet will automatically disconnect — meaning that you won’t need to worry about leaving your wallet connected if you’re on a public internet connection or device.
Decentralized Finance (DeFi) tokens have skyrocketed in value over the past few months. Older projects, however, haven’t received the same love from investors. If Dent Wireless can continue to reach its ambitious goals, it may become a popular investment among supporters of DeFi on Ethereum’s blockchain.
Trade, Sell or Convert your Dent
In most cases, trading your Dent tokens requires you to store your funds on an exchange. Keeping your funds on Binance is relatively secure, but it’s not as safe as using an Ethereum wallet to store your investments.
If you want to trade your Dent tokens from an Ethereum wallet like Coinbase Wallet or Metamask, you can use Uniswap to trade your Dent tokens for Ethereum. However, this added security comes at a price.
Since Uniswap’s transactions are completed on Ethereum’s blockchain, you’ll be required to pay Ethereum gas fees. Ethereum gas prices cost you anywhere from $5 to $50 per transaction, depending on demand for network space on Ethereum.
If you trade on Binance, you’ll only have to pay a small transaction fee for using Binance’s exchange. You can trade Dent tokens for either Ethereum or USDT. Since USDT is a stablecoin equal to $1, it’s essentially the same as selling your investment for cash.
Current Crypto Prices
With newfound institutional demand for Bitcoin, the cryptocurrency market has been going through a bull phase. Cryptocurrency investors are drawn to altcoins for their high potential returns –– many altcoins showed over 10,000% return on investment in the 2017 bull market.
However, altcoins are also incredibly volatile, risky investments. Before investing in any altcoin, you should do your own research on the company.
Monitoring price fluctuations in large cryptocurrencies like Bitcoin and Ethereum can give you an idea of the cryptocurrency market sentiment. Smaller cryptocurrencies tend to follow Bitcoin’s price, so watching the prices of major cryptos can give you an idea of where the market is headed.
Is Dent a Good Investment?
If Dent Wireless can meet its ambitious goals of decentralizing mobile data, it may be a good investment. Because Dent is a smaller market cap cryptocurrency, it’s even more volatile than other crypto assets like Bitcoin.
Since these investments are high risk, it’s not recommended to allocate a significant portion of your portfolio to small cryptocurrencies. If you believe in Dent, then holding a small portion of Dent tokens over the long term may show high returns.
Frequently Asked Questions
What is DENT's all time high?
DENT’s all time high was as high as $0.11. However the token reached this price 5 years ago on January 9th, 2018 and currently sits below $0.01.
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