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 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Cryptocurrency Exchange Your Bitcoin or Ethereum has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. Datamine (DAM) is accessible on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this manual) Make sure you've selected the right coin you want to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etcetera. In the case you are working with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our manual).
Step 3 – Locate Datamine (DAM) Once your deposit has been confirmed, you'll instantly have access to your funds and you can begin purchasing and trading. To purchase Datamine (DAM) on Binance, you'll want to go to the tab which is called “Exchange” and after that click on “Basic”. To locate Datamine (DAM), you'll need to insert the cointype (DAM) into the search-box, which is marked in the graphic. Be certain of having selected the correct pairing, we've marked this too. Click on “DAM/BTC” to go on.
Step 4 – Acquisition of Datamine (DAM) Once you've located Datamine (DAM), you will be given a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). And now we are making our own Limit Order. The ”Price” field will be filled automatically with the most recent valuation Datamine (DAM) was traded for. This can be changed to your desired price. The ”Amount” field is the amount of DAM you wish to purchase. The ”Total” field is the total price in Bitcoin that you'll settle for the whole amount of DAM. If you are satisfied, click on “Buy DAM”. Your plan will be filled when a Vendor trades their DAM for the price you submitted.
Step 5 – Withdraw Datamine (DAM) Unless you're regularly trading, never keep your crypto coins on an Exchange for an extensive time frame. In order to withdraw your Datamine (DAM), go to the ”Funds” tab and mouse click on “Withdraw”. Datamine (DAM) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Datamine (DAM) by using the given drop-down box. Drop in the volumen of Datamine (DAM) you would like to withdraw. Don't forget the shown minimus/fees. Also make sure you have entered your precise withdraw address. If you're happy, click “Submit”. You could be requested for phone/email verification before a take off.