How to buy Lido DAO (LDO) in Australia

Learn how to buy Lido DAO (LDO) on 17+ crypto exchanges in our step-by-step guide.

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Lido DAO (LDO) is the 116th largest cryptocurrency by market cap, valued at US$694,491,690.

Lido DAO is a highly volatile asset capable of major price swings in a single day. Today LDO is trading for $0.77245 USD, which is higher than yesterday's trading price of $0.729753164 USD. Over the past year, Lido DAO's price has seen a decrease of -63%.

So before you buy Lido DAO, make sure you understand these unique risks as well as its legal and tax status here in Australia.

If you're ready to get started, read on for step-by-step instructions on how you can use to buy Lido DAO.

This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade or use any services.

How to buy Lido DAO in 5 steps

The whole process can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment.

  1. Compare crypto exchanges
    The easiest way to buy Lido DAO is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.
  2. Create an account
    To create an account on an exchange, you will need to verify your email address and identity. Have some photo ID and your phone ready.
  3. Make a deposit
    Once verified, you can deposit AUD using the payment method that best suits you – cryptocurrency, bank and card payments are widely accepted.
  4. Buy Lido DAO
    You can now exchange your funds for Lido DAO. On beginner-friendly exchanges, this is as simple as entering the AUD or LDO amount you want to purchase and clicking "buy".
  5. Secure your Lido DAO
    Consider transferring your LDO to a personal crypto wallet to protect against some of the risks of keeping it on an exchange, such as hacks, scams or platform bankruptcy.

Where to buy Lido DAO in Australia

Find an exchange to buy, sell and trade LDO by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the exchange.

1 - 5 of 17
Product Deposit methods Fiat currencies Cryptocurrencies Offer Disclaimer
CoinSpot
CoinSpot logo
Bank transfer, Credit card, Cryptocurrency, Debit card, PayPal

1

536

Get $20 in BTC when you make a deposit. T&Cs apply.
Go to siteView details
Coinbase Australia
Coinbase logo
Bank transfer, Cryptocurrency, PayID

7

287

Get $20 in BTC after your first crypto purchase. T&Cs apply.
Go to siteView details
Swyftx
Finder Award
Swyftx logo
Bank transfer, Credit card, Cryptocurrency, Debit card, PayID

3

447

Get $20 in BTC when you verify your account. T&Cs apply.
Go to siteView details
Kraken
Finder Award
Kraken logo
Bank transfer, Cryptocurrency, PayPal, PayID

8

403

Go to siteView details
OKX
OKX logo
Bank transfer, Cryptocurrency

1

285

Go to siteView details
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How we keep this Lido DAO guide up-to-date

  • LDO price data is regularly updated through data feeds so you always have the latest information.

What is Lido DAO?

Lido is a DeFi platform that allows users to earn staking rewards on ETH without losing access to the value of the staked Ether. At the moment, if you commit your ETH to Ethereum 2.0 for staking, you won't be able to access it for 18 months. With Lido, if you deposit ETH into Lido, you will receive stETH in return (tokens representing staked Ethereum) and earn staking rewards while being able to use the stETH in various other DeFi protocols. LDO tokens are the native token of Lido and give holders governance rights in the Lido DAO. As an LDO token holder, you can decide on Lido's key features such as fees and execution of Lido upgrades.

How do I find the best places to buy Lido DAO?

Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods. You can use our table to compare the features of popular cryptocurrency exchanges available in Australia to help you choose the one that's right for you.

Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review page.

What will I need to buy Lido DAO?

To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it's a good idea to have those ready.

An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading Lido DAO.

  • This process is known as Know Your Customer (KYC) and usually requires photo ID and a webcam or smartphone. You may also need to prove your address by uploading a copy of a recent bank statement or utility bill.
  • Some exchanges allow you to deposit and trade cryptocurrencies without passing KYC, but they will not allow you to transfer local currency from your bank account. So if you are planning on purchasing LDO with your local currency then you will need to pass KYC.
  • Once you have verified your identity, it is a good idea to enable 2-factor authentication (2FA) before depositing any funds. This will increase the security of your account and help keep your funds safe.

What are the best ways to buy Lido DAO?

Once you've created an account, you will need to deposit funds to buy LDO with. You can either deposit local currency from a bank account or credit card, or transfer cryptocurrency from another exchange or wallet. Here are some popular ways to buy LDO:

  • Bank account: Transfers from local bank accounts are usually free, but you will need to double-check this with the exchange you choose – this information can be found in our table by clicking on 'view details'.
  • Credit or debit card: Linking a card to your account is another convenient way to top up your account, but be aware that it usually attracts an additional fee. An advantage, though, is that you can use a card to make instant purchases or set up a recurring purchase.
  • Cryptocurrency: You can usually purchase LDO by trading it for another cryptocurrency like Bitcoin or a stablecoin. This varies between exchanges though, so you will need to search for LDO on the spot market to see what cryptocurrencies it can be traded for.

What is the easiest way to buy Lido DAO?

The easiest way to buy LDO is by placing an 'instant buy' order to purchase it for a fixed price but not all crypto exchanges offer this feature.

Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more expensive than using the spot market.

Before buying LDO, you may want to check the market conditions. To help you decide if now is the right time to buy, you can take a look at our all-time high tool to get an idea of how the price of Lido DAO has been performing recently.

Best Lido DAO wallets to store your LDO

You can keep your LDO on the exchange you purchased it on, or move it to a personal wallet:

  • Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
  • Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your LDO below.

Ledger Nano X Wallet

Trezor Model T Wallet

Go to site
Go to site

Supported assets

5,500+

Supported assets

1,000+

Price (USD)

$149

Price (USD)

$129

Recent Lido DAO developments

February 2022: Lido has partnered with Idle DAO to provide a new staking opportunity to its users. The new stETH pool is supposedly the first ETH 2.0 product with in-built protection measures.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Is Lido DAO a good investment?

Investing in cryptocurrency is a risky exercise and it is recommended you research the coin that you're interested in to make sure you understand the benefits and risks involved. Here are some of the key features of LDO you should understand before buying it:
  • Distribution. While there are 1 billion LDO tokens, two-thirds of tokens are currently locked with Lido DAO founding members. After 1 year the tokens held by Lido DAO founding members will be vested over the next year. As of January 2021, only 0.4% of LDO are unlocked.
  • Major backers. In December 2020 European digital asset investment company KR1 invested $US0.15 million in Lido in exchange for LDO tokens.
  • stETH vs LDO. According to the Lido website Lido has two tokens: stETH token which is a proxy for Ethereum and LDO which is the governance token. Think of stETH token as the liquid alternative for staked Ether, as it can be transferred and traded freely. stETH has the same value as the Ethers that are staked on Lido. LDO, on the other hand, gives users voting rights in Lido.

Today's Lido DAO price versus ATH

Compare today's price of Lido DAO ($0.77245 USD) against its all-time-high price of $7.3 USD on 20 August 2021. The closer the bar is to 100%, the closer LDO is to reaching its ATH again.

Lido DAO's price: $0.77245 USD
ATH date: August 20, 2021
10.58%

Lido DAO ATH: $7.3 USD


Disclaimer: Cryptocurrencies, including Lido DAO, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of LDO is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Lido DAO or any other cryptocurrency discussed.

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