A Step-by-Step-Guide on how to buy Datamine (DAM)
Step 1 – Signup to Coinbase – Get Free $10 You will first need to buy one of the major coins. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Click below to register and to get your first 10 Dollar.
Step 2 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Exchange Your Ethereum or Bitcoin has to be sent over to an Exchange now. All exchanges have a deposit form that is alike. Datamine (DAM) is available on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Exchange? (Just follow this how-to) Make sure you have chosen the correct coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. If you are using a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our manual).
Step 3 – Locate Datamine (DAM) As soon as your deposit has been approved, you'll directly have access to your funds and you can commence purchasing and trading. To purchase Datamine (DAM) on Binance, you'll want to go to the tab which is called “Exchange” and then click on “Basic”. To find Datamine (DAM), you'll need to put the short name of the asset (DAM) into the search-box, which is marked in the image. Make sure you have choosen the proper grouping, we have marked this also. Click on “DAM/BTC” to proceed.
Step 4 – Buy (DAM) Datamine After you have spotted (DAM) Datamine, you'll be given a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). For now we are making our Limit Order. The ”Price” field will be filled with the up-to-date rate (DAM) Datamine was sold for. You can change this to your desired price. The ”Amount” field is the volumen of DAM you like to buy. The ”Total” field is the total price in Bitcoin that you will pay for the whole volumen of DAM. If you are glad, click on “Buy DAM”. Your plan will be filled as soon as a Vender trades their DAM for the price you offered.
Step 5 – Withdraw Datamine (DAM) Unless you're trading, best advise is not to keep your crypto on an Crypto Exchange for an longer time frame. In order to withdraw your Datamine (DAM), hover over the ”Funds” tab and click on “Withdraw”. Datamine (DAM) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Datamine (DAM) by using the provided drop-down box. Put into the amount of Datamine (DAM) you would like to withdraw. Take into account the presented minimus/fees. Also make sure you have entered your precise withdraw address. If you're glad, make a mouse click on “Submit”. You may be requested for verfication via phone/email before a withdrawal.