The Dether platform is intended to be an all in one ecosystem where individuals can not only buy and sell cryptocurrencies for cash with each other, but they can also use them to purchase items from stores. These stores can also act as a hub for cryptocurrency enthusiasts, further strengthening their business within the community.
While this is an excellent goal, they do have one very large competitor. LocalBitcoins has been connecting people in this manner for years, however, if Dether can create an application that is both easy to use and mostly free from the rampant fraud on that platform, then users may consider swapping systems.
This project makes its largest contribution by way of ease of use. Their slick mobile app UI is easy enough for anyone to use, and the built-in wallet is safely stowed on your hardware device rather than a web page. The unique feature of allowing local businesses to become crypto hubs in their community may also entice you to make a Dether investment, as this makes it easy for more locales to access these alternative currencies without additional infrastructure or the intrusive regulations associated with Bitcoin ATMs.
Those who are looking to buy Dether may find the exchange selection a little lacking. There are only a few listings for this token, unfortunately, and it may require some additional accounts in order for you to make a purchase. However, the volume is enough that you can make a trade successfully. Surprisingly, the US Dollar is the largest volume trading pair here, with Ethereum coming in a close second.
This is an ERC20 asset, and investors will need an Ethereum wallet that allows for the storage of these tokens. There are plenty of options here, and a few popular choices include My Ether Wallet, Meta Mask, and the Coinomi mobile wallet. In any case, be sure to backup your wallet file or seed for safe keeping. If you need to recover your wallet due to hardware failure, this will be the only way to reclaim ownership of your assets.