A Step-by-Step-Guide on how to buy Datamine (DAM)
Step 1 – Signup to Kraken In the beginning you'll need to purchase units of the major currencies. Exchanges usually accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click below for registration and getting Funds.
Step 2 – Transfer Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Exchange Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is alike. Datamine (DAM) is available on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Crypto Exchange? (Follow this how-to) Make sure you have chosen the right coin you want to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etc. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our how-to).
Step 3 – Find Datamine (DAM) Once your deposit has been affirmed, you will instantly have access to your assets and you can initiate invest and trading. To buy Datamine (DAM) on Binance, you'll want to hover over the ”Exchange” tab and after that click on “Basic”. To spot Datamine (DAM), you'll need to put the short name of the asset (DAM) into the search-box, which is marked in the graphic. Make sure you have choosen the proper grouping, we have highlighted this also. Click on “DAM/BTC” to proceed.
Step 4 – Acquisition of Datamine (DAM) Once you've found Datamine (DAM), you'll be presented with a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). Next we are making our own Limit Order. The field with the “Price” tag will be filled with the most latest price Datamine (DAM) was traded for. You can change this to your desired price. The ”Amount” field is the amount of DAM you like to purchase. The ”Total” field is the total price in BTC that you'll settle for the whole amount of DAM. When you're satisfied, make a mouse click on “Buy DAM”. Your order will be filled when a Vendor sells their DAM for the price you submitted.
Step 5 – Withdraw Datamine (DAM) Unless you are frequently trading, best advise is not to keep crypto on an Crypto Trader for an extended time period. To take off your Datamine (DAM), go to the tab called “Funds” and click on “Withdraw”. Datamine (DAM) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Datamine (DAM) by using the provided drop-down box. Drop in the quantity of Datamine (DAM) you would wish to take off. Don't forget the demonstrated minimus/fees. Also make sure you have filled your correct withdraw address. If you're happy, click on “Submit”. You could be requested for verfication via email/phone ahead of a take off.