MEME Coins? These crazy, volatile animal-themed cryptos?
Aren’t all of them a joke?
Well, not exactly. Some have actual utility ya know
This is the quickest way to buy KumaDEX Token (for both US and NON-US residents).
How to Buy KumaDEX (dKUMA)?
Want to jump straight to the answer? Here’s my 3-Step Process:
STEP 1. Choose a Fiat-to-crypto exchange
Sign up for an exchange that offers fiat-to-crypto purchases. To purchase ETH, we recommend Binance (NON-US residents only) and MEXC (US & NON-US).
Alternatives: You can use a non-custodial exchange like Changelly
STEP 2. Buy a Crypto Paired with KumaDex Token
KumaDEX (dKUMA) is paired with WETH. Buy ETH to use it on Uniswap DEX
STEP 3. Buy Kuma coin in a supporting Exchange
We recommend UniSwap (DEX).
STEP 4 (Bonus). Keep your KumaDEX Token safe
This step is often overlooked. “Not your keys, Not your coins.” Keeping your coins in an exchange is never wise (see the recent FTX collapse). The best hardware wallet for Kuma Inu coin is Ellipal. Alternative options are SafePal and Ledger Nano X
NOTE: If you want a DETAILED description of the process. Keep on reading!
Where to buy KumaDEX (dKUMA)?
We recommend the following crypto exchanges:
Best US CEX
MEXC Global*
Payment Methods:
Credit/Debit Card, Bank Transfer (SEPA & SWIFT), P2P, ACH, Wire.
Fees:
Flat 0.20%
Account Minimum:
~$1 minimum
Best NON-US CEX
Binance*
Payment Methods:
Credit/Debit Card, Bank Transfer (SEPA & SWIFT), P2P, ACH, Wire.
Fees:
0.02% – 0.1%
Account Minimum:
varies by deposit method
Best DEX
Uniswap
Payment Methods:
NONE
Fees:
~0.30%
Account Minimum:
NONE (Wallet Needed)
*Note: MEXC (US & NON-US) and Binance (NON-US) do not support KumaDEX token directly. Use them to buy ETH and exchange it for dKUMA on UniSwap.
KumaDEX token (dKUMA) is a crypto employed in the Kuma decentralized exchange (DEX), one of the main products of the Kuma Inu ecosystem.
If you’re looking for the KUMA token, the primary Kuma Inu token, please see our guide on How to Buy Kuma Inu (KUMA) [In 3 DETAILED Steps].
Here’s how to buy KumaDEX (dKUMA) in a nutshell. If you want a DETAILED, step-by-step guide, here’s what we’ll cover:
- 1. How to buy KumaDEX token (dKUMA) on Uniswap
- 2. Where to keep KumaDEX Token SAFE (from human error and online hackers)
- 3. KumaDEX Token Price Analysis
- 4. FAQS
1. How to Buy KumaDEX On Uniswap
In this section, you will know EXACTLY (Step-by-Step) how to buy KumaDEX (dKUMA) on Uniswap decentralized exchange (either if you are a US or Non-US resident).
You’ll learn:
- STEP 1: How to download & Install metamask
- STEP 2: How to buy Ethereum in a custodial or non-custodial exchange
- How to transfer ETH to your wallet
- STEP 3: How to connect Metamask to Uniswap
- STEP 4: How to buy dKuma on Uniswap
- How to add dKUMA token to Metamask
+ LOTS more!
I will not leave any stone unturned (If you are new, DON’T WORRY!)
Uniswap
UniSwap is the most popular decentralized exchange native to the Ethereum Blockchain. It uses a trading model called automated liquidity protocol (instead of order books). On Uniswap, you can earn passive income depositing crypto into a liquidity pool (yield farming), provide liquidity to a DeFi protocol (liquidity mining), and pledging your coins to support a PoS blockchain (staking).
Uniswap, unlike centralized exchanges (CEX), does not hold user funds. So, the first thing you’ll need is a cryptocurrency wallet.
There are two types of crypto wallets:
- Software (Online) Wallets: Software wallets are connected to the internet and are useful to move funds quickly. We recommend Metamask (browser) or Trust Wallet (mobile).
- Hardware (Offline) Wallets: Hardware wallets are the most secure way to store your coins and keep them away from hackers. The best hardware wallets for storing dKuma tokens are Ellipal Titan, SafePal, and Ledger Nano X (see Step 4).
We will go over the steps for Metamask, one of the most popular software wallets. Remember to keep your coins safe with a cold (offline) wallet.
Step 0: To get started, please install the Metamask Wallet browser extension (Chrome Web Store); the iOS app (app store), or android app (google play). The application is completely free.
Step 1: Click on the app extension (fox symbol) first and click on “get started”
Step 2: Click on “Create a Wallet”
Step 3: Click on “No thanks” or “I agree.” This is all up to you.
Step 4: Create a password, confirm it, tick the box that says “I have read and agree to the Terms of Use” and click on “create.”
Step 5: Watch the video about your Secret Recovery Phrase and click on “next.”
Step 6: Securely back up your 12-word recovery phrase (seed phrase). Keep it safe on a password manager or old pen and paper as Metamask cannot recover this phrase for you. After that click on “next.”
Step 7: Confirm your secret recovery phrase (in order) and click on “confirm.”
Step 8: Congratulations! You are set!
STEP 2: Buy & Transfer ETH
STEP ONE: It is time to buy ETH. You can use a non-custodial exchange like Changelly and follow this link to purchase ETH. No KYC is needed, just your wallet address*.
*In Metamask, the wallet address is under your account name (initial page Step 2). Ensure you are on the right network (Smart Chain). Easy, RIGHT?
Or you can sign up to MEXC or Binance (Non-US). To buy ETH, follow these steps:
- MEXC: Buy Crypto > third-party > enter fiat currency amount in the Pay box > Pick ETH in the Get box > Choose service provider > Press “Buy ETH” button.
- Binance: Go to buy crypto > click on debit/credit card > Select ETH (on receive box) > select fiat currency and amount > Add new card > click on continue
If you use MEXC or Binance please withdraw your ETH to your Metamask wallet. Follow the steps below:
- MEXC: Go to Overview (profile) > search for ETH > Click on Withdraw > Input Metamask wallet address > Withdrawal network (ERC20) > Choose amount > Click “Submit.”
- Binance: Go to wallet > fiat & spot > Next to BNB click on Withdraw > input metamask wallet > select Ethereum (ERC-20) > withdrawal amount > Click Withdraw
Tada! Your ETH is now ready to be traded into dKUMA in your wallet!
STEP 3: Connect Metamask Wallet to UniSwap
This step is crucial! Scammers use fake websites to steal your coins. Before connecting your wallet, make sure you’re on the official DEX website, or you risk losing your funds. Never share your seed phrases or private keys with anyone! Keep your coins safe with a cold/hardware wallet! You may potentially receive “spam tokens” in your wallet. Do not transact with such tokens, or you risk having your wallet compromised (aka hacked).
Connecting your Metamask Wallet to Uniswap is simple. Click on “Connect Wallet” in the upper right corner, then select Metamask Wallet from the list. Enter your Metmask password and unlock your wallet. Once you are in, select the account (s) to use on this site, click on “Next” and “Connect.”
STEP 4: Buy KumaDEX (dKUMA) on Uniswap
STEP 1: Ensure Ethereum Mainnet is selected.
STEP 2: Add the token dKuma. On the initial screen go to import tokens. Enter the following addresses under the contract token address:
KumaDEX(dKUMA): 0x3f5dd1A1538a4F9f82E543098f01F22480B0A3a8
When you click “add custom token” and “import token”, dKUMA token will be displayed on your wallet.
Step 1: Ensure you are on “Swap.”
Step 2: In the Swap Box, select ETH and search for dKUMA. You will need to import dKUMA coin (via coinmarketcap, ensure is the right token address). Click on “Import.”
Step 3: Enter the right amount of ETH you wish to swap for KumaDEX token and click “Swap” then “confirm Swap”.
Voilà! Your dKUMA token just arrived on your Metamask Wallet!
STEP 1 – Sign UP For MEXC Global
Launched in 2018 in Seychelles, MEXC global is a well-established and reputable cryptocurrency exchange that ranks among the top 15 global exchanges. MEXC Global has met all regulatory requirements and holds licenses in the United States, Switzerland, Canada, Australia, and other countries.
MEXC global offers over 800 cryptocurrencies and has competitive platform fees (0.2%). MEXC provides fiat-to-crypto services (card, bank transfer, P2P, etc.), as well as spot, margin, futures trading, ETFs, and staking services. We recommend MEXC Global for your fiat-to-crypto purchases
To create a MEXC Global account follow these steps:
Step 2: Sign up with your email address or cell phone number. Create a hacker-proof password and enter the email verification code you will receive. When you are ready, read and accept the user agreement. Then click on “Sign up.”
Step 3: We recommend reducing your account risk level by enabling MEXC/Google authenticator.
- 3.1 Go to Security, select “Security Recommendations,” and then select Set Up under MEXC/Google Authenticator.
- 3.2 Download MEXC/Google Authenticator for mobile or browser.
- 3.3 Follow the steps on the screen to set it up correctly
Step 4 (Optional): We recommend passing the primary KYC in order to enhance your 24-hour withdrawal limit to 40 BTC and receive additional perks and bonuses. MEXC Global may request KYC for bank transfers, P2P trading, and other services.
- 4.1 Under Identification click on “Primary KYC” and then “Verify”
- 4.2 Provide all the details and click on “Submit for review”
Approval is fast! It won’t take long! Check your email for confirmation!
STEP 2 – Buy ETH on MEXC GLOBAL
MEXC Global supports fiat-to-crypto exchanges with a variety of payment options: Credit/Debit cards for quick transactions and Bank Transfers (SEPA & SWIFT).
Step 1: Next to MEXC Global logo hover over Buy Crypto and click “Third-party payment.”
Step 2: Enter your fiat currency amount in the Pay box. Pick ETH in the Get box. Choose your selected service provider, and press the “Buy ETH” button.
Step 3: You will be taken to the service provider’s website, where you will enter your information and make the purchase.
Step 4: That’s it! You have purchased ETH!
Note: You can deposit fiat currency into your account using the global bank transfer option (SWIFT/Wire Transfer). This option is cheaper but slower (it may take a few days), and requires advanced KYC identification. For faster and more efficient transactions we recommend choosing a third-party supplier that accepts both credit/debit cards as well as local and international bank transfers (e.g., Simplex).
Note: After you’ve bought ETH move to the Uniswap Tab to buy dKUMA.
Alternative Custodial Fiat-To-Crypto Exchanges (CEX)
BINANCE (NON-US)
Binance, founded in 2017 by Chinese-Canadian developer Changpeng Zhao, has grown to become one of the most popular and leading cryptocurrency exchanges in the industry. It is regarded among the top ten in terms of trust and trade volume, and it provides services in over 140 countries around the world (not including the US).
Binance offers a wide selection of cryptocurrencies (over 387 coins and over 1590 trading pairs) and low trading fees (spot trading fees start at 0.1%).
Binance provides fiat-to-crypto services (card, bank account transfer, P2P, and more), as well as spot, margin, futures, staking, liquidity farming, and other services. Binance is a relatively safe, versatile way to invest in and trade crypto.
Non-Custodial Fiat-to-Crypto Exchanges
Another option is to use a non-custodial exchange (the exchange does not hold your private key or “password”). If you use a centralized exchange (CEX) like MEXC, you will need to transfer that money to your custodial (exchange wallet).
If you want to use a DEX like Uniswap, however, you will need a cryptocurrency wallet (non-custodial wallet) like Metamask to access your funds.
This method requires no registration or KYC and is usually more convenient, but slightly more expensive.
Changelly
Changelly is a popular and well-established fiat-to-crypto exchange with the mission of making the exchange process simple for everyone. Changelly has been in operation since 2015 and provides the ability to buy crypto with fiat currency as well as exchange Bitcoin and 200+ altcoins in a fast, simple and secure way. Changelly does not require any registration/KYC.
To buy ETH follow the link below:
- ETH Link (DEX)
ChangeNow
ChangeNow is a popular and well-established non-custodial service created for simple and fast cryptocurrency exchanges. ChangeNow has been in operation since 2017 and provides the ability to buy crypto with fiat money as well as exchange more than 350 coins without any limits. ChangeNow does not require any registration or KYC.
To buy ETH follow the link below:
- ETH Link (DEX)
2. Keep KumaDEX (dKuma) Token safe
Have you heard about Lehman Brothers, Celsius, Voyager, and BlockFi?
What about the most recent? FTX exchange collapse (the next “big short movie?”)
We are talking about people losing retirement savings. People losing pensions. People losing homes. People losing health. People losing faith. People going bankrupt.
Crypto was invented to mitigate these risks (counterparty risk).
Centralized Exchanges (CEX) are the most convenient option for newcomers, but they are also the least secure for keeping your coins safe (you are injecting counterparty risk).
Centralized solutions suffer from corruption, mismanagement, censorship, and fragility (target for both hackers and government litigations).
There is a mantra in the crypto world: “Not your keys, Not your coins.”
Once you’ve bought your KumaDEX crypto from the chosen exchange, be sure to transfer it to your personal crypto wallet. The safest option is a cold/hardware wallet.
What is a cold/hardware wallet?
A cold/hardware wallet is a physical device or object that does not have an internet connection. A cold wallet stores the keys offline (hacker-proof). Cold Wallets are non-custodial wallets (you hold your keys at all times) and are considered the safest option.
The best hardware wallets for KumaDEX (dKUMA) are:
ELLIPAL Titan
Type:
Hot (online) & Cold (Hardware)
Coins Supported: 40 Blockchains (10k+ Tokens)
Native Support*
Easy-to-Use UX
Air-gapped: 100% offline
Anti-Tamper: Physical and supply chain protection
SafePal
Type:
Hot (online) & Cold (Hardware)
Coins Supported: 54 Blockchains (30k+ Tokens)
Native Support*
User-friendly UX
Air-gapped: 100% offline
Cross-Platform: Mobile, Web Browser + Hardware
Ledger NANO X
Type:
Cold (Hardware Wallet)
Coins Supported:
+ 5,500 Tokens
Up to 100 apps:
High Reputation
Bluetooth Connection
Cross-Platform: IOS & Android, Desktop (W, OS, L)
*Note: Ellipal Titan and SafePal support dKUMA token directly. If you prefer Ledger you must pair it with Metamask.
3. KumaDEX Token Price Analysis
dKUMA token was launched on Uniswap on the 25th of May 2021 at an estimated price of ~$0.03801 per dKUMA. dKUMA price reached its ATH ($0.09510) on October 15th, 2021, which could have netted an 2.5x ROI (+150.19%)
The current crypto bear market has hit dKUMA hard and now is trading at $0.001434 market price (Nov 2022) with a $2k trading volume, on the path of recovery after their recent ATL ($0.00023777) in June 2022. If you are into explosive meme coins with real value, this is a good price to place your entries.
Bear in mind that low caps (1M – 10M or 25 – 250 BTC market cap) are extremely volatile. None can predict the future (who says so is lying to you). Do not get cold feet by FOMO or go all-in on a project. Never invest money you can’t afford to lose.
4. Frequently Asked Questions (FAQs)
What is KumaDex Exchange?
KumaDEX is a decentralized, vAMM (Virtual Automated Market Maker) that allows traders to gain exposure to derivatives for any assets on the market while providing infinite on-chain liquidity.
Here are its key features:
- Decentralized Exchange: The exchange uses vAMM smart contracts (to store their assets) instead of third parties to execute the trades. Users do not need to worry about threats of centralized authorities.
- Infinite On-chain Liquidity: Unlike traditional AMMs (Automated Market Makers) such as Uniswap, KumaDEX tackles liquidity issues by holding assets and executing trades on-chain. Off-chain server risk is mitigated and users keep full control over their assets.
- Constant Product Market Maker Formula: KumaDEX uses a proprietary formula that allow users to trade perpetual contracts (derivatives to speculate on the valuation of a specific underlying asset) up to 25x leverage.
- dKUMA deflationary token design: The exchange’s main utility token, dKUMA, is created with a deflationary design. 50% of the platform trading fees are allocated to burn tokens and increase the scarcity of the asset.
- USDC Collateral: Traders use the USD coin (USDC) as collateral to open long and short positions because there is no actual swap taking place. All profits/losses are redistributed in USDC since there are no liquidity providers on the vAMM model.
Where can I buy KumaDex Token crypto?
The only exchange where you can buy KumaDEX token right now is Uniswap decentralized exchange. You must first purchase ETH via a fiat-to-crypto exchange (such as MEXC or Binance), withdraw it to your cryptocurrency wallet, and then exchange it for dKUMA on Uniswap.
Can I buy KumaDex Token on Coinbase?
No, KumaDEX is not listed on Coinbase. The only exchange where you can buy KumaDEX token right now is Uniswap decentralized exchange
Can I buy KumaDex Token on Binance?
No, KumaDEX is not listed on Binance. The only exchange where you can buy KumaDEX token right now is Uniswap decentralized exchange
The information provided in this guide is not investment advice, financial advice or trading advice. It is recommended that you practice due diligence (including consultation with a professional financial advisor before investing or trading securities and cryptocurrencies). The author does not hold positions KumaDEX Token (dKUMA).
