Dent Coin: A Beginner's Guide To Investing

Dent (DENT) is a digital mobile operator that uses blockchain technology to create a global marketplace for mobile data liberalisation. It offers eSIM cards, mobile data plans, call minute top-ups, and a roaming-free experience. Dent's platform operates on the Ethereum blockchain, and all transactions are made using DENT tokens, which are recorded on the blockchain, ensuring transparency and reliability. This approach aims to provide global access to mobile airtime and data, regardless of a user's location.

The DENT token was launched in 2017 and is currently available on several large exchanges, including Binance, Bitpanda, and Uniswap. The maximum supply of DENT tokens is 100 billion, and the token is currently trading at around 1 cent, making it an inexpensive investment option.

If you want to invest in DENT tokens, you can follow these steps:

1. Find an exchange, such as Binance or Bitpanda.

2. Sign up and fund your account by creating an account, verifying your identity, and depositing money.

3. Purchase DENT tokens by searching for the DENT/BTC or DENT/ETH pair and executing the trade.

4. (Optional) Get a suitable wallet, such as Ledger Nano S or Freewallet, to store your tokens securely.

It's important to note that investing in cryptocurrency can be risky due to the volatile nature of coin prices.

Where to buy Dent (DENT) coins

Dent (DENT) coins are available on several large exchanges. The best exchanges to buy Dent coins are:

• Binance: This is the largest exchange for DENT coins in terms of trade volume as of April 2021. It offers a cost-efficient trading experience, with a maximum fee of 0.1% for makers and takers and supports advanced trading features.
• BTCC
• Bybit
• BYDFi
• BloFin
• Changelly
• Uniswap: This is a decentralised exchange that allows users to trade Ethereum tokens for Dent directly from their Ethereum wallet. No account is needed, and users can connect their wallet to Uniswap's website to swap tokens.
• Gate.io
• HitBTC
• Bitget
• Bitvavo
• KuCoin

It is important to note that investing in cryptocurrency is risky, as coin prices are incredibly volatile.

How to buy Dent (DENT) coins

Dent is a cryptocurrency that is available for purchase on several well-known exchanges, including Binance, Zengo, Coinbase Pro, Bybit, OKX, Kraken, KuCoin, Gate.io, BingX. Here is a step-by-step guide on how to buy Dent (DENT) coins:

Step 1: Find a Dent Exchange

The first step is to find a reputable exchange that offers Dent coins. As mentioned, there are several exchanges to choose from, but it is important to do your research and select an exchange that is secure and trustworthy.

Step 2: Register a New Account

Once you have found your preferred exchange, you will need to register for an account. This usually involves providing some personal information, such as your name, email address, and creating a password. You may also need to verify your identity, depending on the exchange and your location.

Step 3: Fund Your Account

After you have registered and logged in to your account, you will need to deposit funds into your account. This can be done through various methods, including bank transfer, debit card, wire transfer, PayPal, Apple Pay, Google Pay, or a credit card. The processing time and fees may vary depending on the payment method chosen.

Step 4: Buy Dent (DENT)

Once your account is funded, you can proceed to buy Dent coins. Simply search for Dent on the exchange and place a buy order for the amount you want. Keep in mind that there may be trading fees involved, which can vary depending on the exchange.

Step 5: Secure Your Dent Coins

After purchasing your Dent coins, it is important to secure them by storing them in a secure wallet. You can choose between software wallets, which are convenient and easy to use, or hardware wallets, which offer enhanced security by storing your private keys offline. Popular hardware wallets that are compatible with Dent include the Ledger Nano S and Trezor.

It is important to remember that investing in cryptocurrencies carries risks due to the volatile nature of the market. Always do your own research and only invest what you can afford to lose.

Pros and cons of investing in Dent (DENT)

Pros

• Dent (DENT) is a cryptocurrency with a real-world use case, which sets it apart from many other coins. It seeks to solve issues in mobile communications and data services, such as high prices charged by traditional mobile carriers.
• Dent Wireless offers a global marketplace for mobile data liberalisation, eSIM cards, mobile data plans, call minute top-ups, and a roaming-free experience.
• Dent has a large user base of over 25 million mobile users, with services available in more than 60 countries.
• The company behind Dent, DENT Wireless LTD, is well-established and has a good budget, which adds to the positive perception of the project.
• Dent has achieved most of its goals and even reached some ahead of schedule.
• Dent has a positive outlook on future prices as the circulating supply of tokens is almost available on exchanges, eliminating the probability of inflation, which could negatively affect cryptocurrency prices.
• Dent has established partnerships with well-known companies such as Samsung Blockchain, Telecom Infra, and The Enterprise Ethereum Alliance.
• Dent has a native token, DENT, which is the de facto currency of the DENT Exchange, where users can buy, sell, and donate mobile data.
• Dent offers several products, including DENT eSIM, DENT Voice, DENT Teams, and DENT Exchange, providing flexible options for customers.
• Dent has raised $4.3 million through its ICO and has a large number of users and Telco providers using its products and services, establishing itself as a leading name in the global telecom industry.

Cons

• Dent has experienced a series of ups and downs in terms of price and market capitalization since its launch.
• The price of Dent is influenced by the performance of Bitcoin and other altcoins, which can lead to instability and dependence on the Bitcoin market.
• The adoption of the project is yet to reach the scale required to fuel the circulation of the DENT token and increase its price.
• Dent ranks low in market capitalization, which may be a concern for potential investors.

Dent (DENT) price history and predictions

Launched in 2017, Dent is a digital mobile operator that offers eSIM cards, mobile data plans, call minute top-ups, and a roaming-free experience. Dent uses blockchain technology to create a global marketplace for mobile data liberalization. The DENT token is an Ethereum-based ERC-20 token.

Price History

According to CoinMarketCap, the live Dent price on 30 August 2024 was $0.000793 USD, with a 24-hour trading volume of $2,950,957 USD. The current CoinMarketCap ranking is #391, with a live market cap of $79,279,373 USD. It has a circulating supply of 100,000,000,000 DENT coins and a maximum supply of 100,000,000,000 DENT coins.

Price Predictions

• Wallet Investor predicts that the price of Dent may drop from 0.000728 USD to 0.0000767 USD.
• PricePrediction.net forecasts that the price of Dent will reach a minimum level of $0.000940 and a maximum level of $0.0011, with an average trading value of $0.000982 in 2024.
• In the long term, PricePrediction.net estimates that the price of Dent could reach a maximum of $0.9586 by 2050.

How to trade Dent (DENT) coins

Dent is a blockchain-based platform that aims to revolutionise the mobile telephony industry by creating a unified international marketplace for mobile data. The DENT token is an Ethereum-based token that powers the Dent ecosystem, which includes a mobile data marketplace, a mobile app for Android, a cryptocurrency exchange, an e-wallet, and global e-SIMs.

Step 1: Find an exchange

To buy Dent coins, you need to find a crypto exchange that lists DENT. Some popular exchanges that support DENT include Binance, Bitpanda, KuCoin, and Gate.io.

Step 2: Sign up and fund your account

Once you have chosen an exchange, you need to create an account and verify your identity. After that, you can deposit funds into your account. Some exchanges may require you to buy another cryptocurrency, such as Bitcoin or Ether, and then swap it for Dent.

Step 3: Purchase DENT coins

When your account is funded, you can purchase DENT coins on the exchange. You may need to search for the DENT/BTC or DENT/ETH trading pair, depending on which cryptocurrency you are using to buy DENT.

Step 4: (Optional) Get a wallet

If you plan on holding DENT coins for the long term or want additional security, you may want to consider getting a crypto wallet. There are two main types of wallets: software wallets and hardware wallets. Software wallets, such as Freewallet and MyEtherWallet, are usually free and can be accessed online or through a mobile app. Hardware wallets, such as Ledger Nano S, are physical devices that store your private keys offline, providing an extra layer of security.

Step 5: Find a broker

If you plan on actively trading DENT coins, you will need to find a broker that supports DENT. Currently, there are not many brokers that offer DENT trading, but this may change in the future. Two popular brokers that may support DENT in the future are eToro and Robinhood.

Step 6: Deposit money

You can fund your brokerage account with fiat currency, such as USD or EUR. Most top brokers allow you to buy cryptocurrency directly with fiat currency.

Step 7: Decide on a trading strategy

There are many different trading strategies you can use when trading cryptocurrency. Two popular strategies are spread betting and trading contracts for difference (CFDs). With CFDs, you can speculate on the price of DENT without actually owning the underlying asset.

Step 8: Start trading

Once you have a funded account and a trading strategy in place, you can start trading DENT coins. You can take a long position if you believe the price of DENT will increase, or a short position if you believe the price will decrease. Experienced traders may also use leverage to increase their potential profits, but this also increases the risk of losses.

It is important to note that trading cryptocurrency carries a high level of risk due to the volatility of the market. It is recommended to do your own research and only invest what you can afford to lose.

Frequently asked questions