Where and how to buy Degis in South Africa
Step-by-step guide
Step 1: Create a Bitget account.
Step 2: Complete Bitget's identity verification.
Step 3: Place a Degis order through any of the various payment options provided.
Step 4:Monitor Degis in your Bitget spot account
Alternative methods to obtain Degis in South Africa
Convert crypto to Degis with Bitget Convert
Swap on-chain assets to Degis with Bitget Swap
Methods to obtain Degis for free
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How to buy Degis in other countries?
What can you do with Degis?
Store/Hold Degis
Many users hold on to their Degis with the expectation of it increasing in value. You can store your DEG safely on your Bitget account or on our crypto wallet app BG Wallet, the most user-friendly and secure mobile wallet.
Trade Degis
You can trade Degis for 150+ cryptocurrencies on Bitget’s industry-leading, fast, and secure trading platform. Bitget offers many trading pairs for Degis trading to meet your needs.
Send Degis
Yes, Bitget allows you to easily transfer value around the world, fast. You can buy Degis online and send to anyone and anywhere with their Degis address.
Spend Degis
You can also buy goods and services with your Degis. More and more vendors and retailers accept Degis every day.
Donate Degis
Bitget Charity accepts Degis donations for global projects that aim to improve the lives of people in the bottom billion. You can donate Degis so no one misses out on the growth made possible by blockchain.
Learn More About Degis
You can read more in-depth articles on Degis from Bitget Research and study how cryptocurrencies like Degis work on Bitget Academy
Market stats to assist in determining optimal times for purchasing Degis
What is Degis (DEG)?
Degis is a protection protocol built on Avalanche. Its goal is to create a universal crypto protection platform. It provides insurance mechanisms to protect users from cyber threats and security vulnerabilities in the DeFi and NFT markets. Degis is recognized for its innovative approach to insurance and received $3 million in angel and seed financing from Avalanche Asia Star Fund and the Blizzard Fund. The project was launched in 2022.
How Degis (DEG) Works
Degis offers two protection products:
- Options Market enables trading European-style options using on-chain data. Creators stake 1 USDC to mint protection tokens, serving as backed assets. Holders can claim a 1:1 payoff if the event occurs. Buyers hedge risks by purchasing protection tokens, while sellers profit by selling them. Liquidity providers contribute to the AMM pool, earning fees and DEG tokens. The market operates in time cycles, allowing for deposit, trading, and settlement periods.
- Protocol Protection allows users to buy and sell insurance for risks at the protocol level. Users can deposit USDC into the protection pool and receive Protection Pool LP tokens, representing their share in the pool. These tokens can be staked into priority pools for additional rewards. Underwriters take on higher risks by staking LP tokens in specific priority pools. Buyers pay premiums based on community-voted rates and receive compensation tokens. After a claim event, compensation is paid from the Protection Pool and priority pools, with LP tokens burned if necessary.
How Many Degis (DEG) Tokens Are in Circulation?
DEG is the native governance and utility token of the protocol. It has a total supply of 100,000,000 and 6,039,132 of them are in circulation.
How to Buy Degis (DEG)
Consider investing in Degis (DEG)? It only takes 2 minutes to create an account on Bitget and start trading DEG.
Check out the available DEG trading pairs on Bitget!
How to Buy Crypto with Credit Card?
in Bitget, we offer multiple payment methods for funding your account, including credit and debit cards. In Bitget, you can instantly buy or sell USDT and other cryptos with your credit/debit card. Go to our website and click on “Buy Crypto”, click on ‘Credit/Debit Card’. Learn more about on here.
How to Deposit and Withdraw Crypto | Bitget Guides
Spot market
Degis (DEG) Resources
Buy Degis in South Africa with Bitget
How to safely store your Degis
- Sign up and transfer DEG to your Bitget account.
- Alternatively, use Bitget Wallet as a self-custody solution for your DEG.