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What is DeFiChain?

DeFiChain (DFI) is a blockchain platform built with the purpose of maximising the full potential of DeFi within the Bitcoin ecosystem. The platform is supported by a distributed network of computers and is designed to facilitate fast and transparent transactions.

  • Claiming to be an innovative blockchain project, DeFiChain offers solutions to problems like scalability, security and decentralisation.
  • DeFiChain’s functions and products include: lending, token wrapping, pricing oracles, asset tokenisation, distribution of dividends, and more.
  • As the native token of the DeFiChain platform, DFI is utilised both as payment for transaction fees and as a governance tool. As well as this, DFI can be used as collateral to borrow other crypto assets.

While building a blockchain platform based on Bitcoin, specifically for DeFi use cases, DeFiChain aims to be the solution to challenges like scalability, security and fair governance.

How do I swap DeFiChain?

Enter amount to swap
Select the quantity of DeFiChain you would like to swap.
Select coin to swap with
Select the coin you would like to swap with.
Confirm & swap
Click 'Swap' to confirm. Your coins will arrive in your wallet within minutes!

Learn more about DeFiChain

Why Should I Trade DFI with CoinSpot?

CoinSpot is Australia’s largest cryptocurrency platform that has been operating since 2013 and is trusted by over three million Australians. We make it easy to buy and sell DeFiChain no matter what your trading experience is. Unlike other international and Australian DeFiChain exchanges that require experience and technical knowledge, we make the entire trading process simple for beginners and advanced traders alike.

CoinSpot provides layered security and advanced support systems so you can buy DeFiChain with peace of mind and the comfort knowing support is available everyday to help. There are multiple trading options on our exchange that allow you to conveniently trade DeFiChain how you want to. You will feel familiar with CoinSpot from the beginning and have access to everything you need to buy, sell and manage your cryptocurrency.

How do you store your DeFiChain?

Storing on CoinSpot

Due to CoinSpot’s flexible Multicoin Wallet, storing your digital currency is simple. Just by creating your CoinSpot account you will automatically be given your own unique wallet where you can store your DeFiChain for free.

Cold Storage

If you are holding DeFiChain as a long term investment, you can utilise a cold storage wallet and send your coins there from your CoinSpot account. A cold wallet is a wallet which is completely offline (not connected to the internet) and is a popular option amongst people who prefer to hold their coins, rather than regularly trade.

Frequently asked questions

Right here! CoinSpot offers traders a fast, simple, easy and secure way to buy DeFiChain. We are trusted by over three million customers and with just a few clicks, you can exchange Australian Dollars or other cryptocurrencies for DeFiChain. CoinSpot helps users easily buy crypto, build their portfolio, make secure purchases and invest in this exciting asset class.
DeFiChain has a floating exchange rate – meaning its price is set by individual vendors based on available supply and demand. As DeFiChain is a globally traded asset, the price can vary across the world based on order books, volume, exchange rates and service fees of each individual DeFiChain exchange.
Cryptocurrency differs from other traditional trading options as you can make fractional purchases, meaning you don’t have to buy whole coins. This means you can start investing in DeFiChain & other digital currencies with as little as $1!
Practicing safe investing is best treated as a shared effort. CoinSpot provides a list of security tips that we recommend putting into practice to ensure you’re keeping yourself secure. Step one to buying DeFiChain safely however is using a reputable exchange such as CoinSpot. We are the first Australian exchange to be awarded the internationally recognised ISO 27001 certification for security management and processes. Operating since 2013, we’re proud to say we’re Australia’s most trusted exchange. Start your DeFiChain portfolio here.
Yes! With CoinSpot you can convert your DeFiChain to AUD (Australian Dollars) instantly. You can also withdraw AUD to your Australian bank account for free with no withdrawal limits.

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