A Step-by-Step-Guide on how to buy Datamine (DAM)
Step 1 – Join CEX.io In the beginning you'll need to buy units of the major coins. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Follow the Link below to register and receive Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transfer Your Bitcoin or Ethereum to an Crypto Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. Datamine (DAM) is available on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow this manual) Make sure you have chosen the right coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be different (Follow these easy steps).
Step 3 – Find Datamine (DAM) Once your deposit has been verified, you'll now have access to your finances and you can initiate purchasing and trading. To purchase Datamine (DAM) on Binance, you'll want to go to the tab which is called “Exchange” and after that mouse click on “Basic”. In order to discover Datamine (DAM), you'll need to put the short name of the asset (DAM) into the search box, which is highlighted in the picture. Be certain of having selected the correct grouping, we have highlighted this too. Click on “DAM/BTC” to proceed.
Step 4 – Purchase Datamine (DAM) As soon as you've spotted Datamine (DAM), you'll be presented with a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). Next we're going to create our own Limit Order. The ”Price” field will be filled with the most up-to-date rate Datamine (DAM) was sold for. You can change this to your preferred price. The ”Amount” field is the amount of DAM you like to buy. The ”Total” field is the whole price in Bitcoin that you'll pay for the whole amount of DAM. When you're happy, click on “Buy DAM”. Your plan will be filled when a Seller sells their DAM for the price you submitted.
Step 5 – Withdraw Datamine (DAM) Unless you're frequently trading, best advise is not to keep crypto on an Exchange for an longer period of time. To take off your Datamine (DAM), hover over the tab called “Funds” and click on “Withdraw”. Datamine (DAM) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Datamine (DAM) by using the provided drop-down box. Enter the volumen of Datamine (DAM) you would wish to take off. Don't forget the demonstrated fees/minimums. Also make sure you have entered your right withdraw address. When you're satisfied, make a mouse click on “Submit”. You could be asked for verfication via email/phone before a withdrawal.