1. Home
  2. Converter
  3. Israeli New Shekel (ILS) to dYdX (DYDX)

Convert
Israeli New Shekel (ILS) to dYdX (DYDX) Instantly

Purchase dYdX (DYDX) with Israeli New Shekel (ILS) easily at Switchere and benefit from fast, secure transactions.

ILS
ILS
Bank card
DYDX
dYdX (DYDX)
Crypto
Buy dYdX

About
dYdX (DYDX)

dYdX (DYDX) is a pioneering decentralized derivatives exchange, offering advanced trading features like perpetual contracts, margin trading, and leveraged trading for a wide range of digital assets. Its primary purpose is to provide a high-performance, secure, and non-custodial platform for sophisticated financial instruments within the decentralized finance (DeFi) ecosystem. Initially leveraging StarkEx, a Layer 2 scaling solution from StarkWare, for its off-chain order book and on-chain settlement model to achieve scalability and low transaction fees on Ethereum, dYdX has evolved. The platform's latest iteration, dYdX v4, is built as a standalone blockchain using the Cosmos SDK, aiming for greater decentralization and order book control.

The DYDX token is the native utility and governance token of the dYdX protocol. Token holders can participate in on-chain governance, influencing the future development and parameters of the platform. DYDX also plays a crucial role in the platform's tokenomics, offering trading fee discounts and potentially staking rewards within its safety module, which helps secure the protocol. As a key player in the DeFi derivatives market, dYdX provides essential Web3 infrastructure for traders seeking transparent and efficient access to sophisticated financial products without relying on centralized intermediaries, pushing the boundaries of what's possible with blockchain technology and decentralized networks for derivatives.

dYdX (DYDX)

Buy Other 150+ Cryptocurrencies for Israeli New Shekel (ILS)

Other Coins for Israeli New Shekel (ILS)

How to Buy dYdX (DYDX)

  1. Select currency menu

    Choose ILS to DYDX Pair

    Select your preferred payment method and enter the amount.

  2. Crypto address page

    Enter Your dYdX Wallet Address

    Provide your DYDX wallet address and proceed with the payment.

  3. Confirmation page

    Receive Your dYdX

    Complete the payment, and your DYDX will be sent to your wallet.

Web ios android

Frequently Asked Questions

  • What's the most common way to buy dYdX (DYDX) with Israeli Shekel (ILS)?

    Direct ILS/DYDX trading pairs are rare. The standard process involves using a fiat on-ramp exchange that accepts ILS deposits, typically via bank transfer or credit card. On this platform, you would first purchase a major cryptocurrency like Bitcoin (BTC) or a stablecoin (USDT). You then transfer this digital asset to an exchange with high DYDX liquidity and trade it for DYDX. This multi-step process requires completing KYC/AML compliance on the initial exchange.

  • Are there specific regulatory considerations for ILS to crypto on-ramps in Israel?

    Yes, any financial institution or cryptocurrency exchange offering services to Israeli residents must adhere to strict KYC (Know Your Customer) and AML (Anti-Money Laundering) regulations set by Israeli authorities. This means users must complete a thorough identity verification process, often requiring government-issued ID and proof of address. These measures are in place to ensure secure trading and prevent illicit activities.

  • How does the dYdX Chain's off-chain order book technology benefit traders?

    The dYdX Chain utilizes a decentralized, off-chain order book. This architecture allows for high-performance trading, mimicking the speed and efficiency of a centralized exchange (CEX) without sacrificing self-custody. By keeping order matching off-chain, the protocol avoids the high gas fees and slower transaction times of purely on-chain settlement, enabling a superior user experience for perpetual contract traders.

  • What is the primary function of the DYDX token within its decentralized exchange ecosystem?

    The DYDX token is primarily a governance token for the dYdX protocol. Holders can propose and vote on changes to the decentralized perpetuals exchange, influencing its future development. With the migration to its own Cosmos SDK-based blockchain (dYdX Chain), DYDX is also used for staking. Stakers help secure the network and its off-chain order book and are rewarded with a portion of the trading fees collected by the protocol.

  • What type of digital wallet is recommended for storing DYDX tokens?

    For maximum security, a hardware wallet (cold storage) is highly recommended for storing your DYDX. Given that dYdX operates on its own Cosmos-based chain, ensure your wallet supports the Cosmos ecosystem, such as a Ledger device paired with the Keplr wallet interface. Software wallets (hot wallets) like Keplr can also be used for easier access to staking and governance, but they are connected to the internet and carry higher risk. Always prioritize self-custody of your private keys.

  • What are the common fees when using an Israeli Shekel (ILS) fiat gateway for crypto purchases?

    When using an ILS fiat on-ramp, expect several potential fees. These can include a deposit fee for the bank or card transaction, a trading fee on the exchange when you convert ILS to a digital asset (often a percentage of the transaction volume), and potentially a withdrawal fee if you move the purchased crypto to an external digital wallet. The exact fee structure varies significantly between platforms, so it's crucial to review the terms of your chosen cryptocurrency exchange.

Our website uses cookies. Our Cookie Policy