A Step-by-Step-Guide on how to buy Decentr (DEC)
Step 1 – Signup to Kraken In the beginning you'll need to buy units of the bigger coins. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Follow the Link below for registration and getting Bitcoin or Ethereum.
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Exchange Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Exchange now. All exchanges have a deposit form that is identical. Decentr (DEC) is obtainable on Binance, so we're going to use that as an sample. Unsure on how to send Coinbase funds to an Exchange? (Just follow this guide) Make sure you've selected the precise coin you wish to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. If you're working with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our how-to).
Step 3 – Locate Decentr (DEC) As soon as your deposit has been affirmed, you will directly have access to your assets and you can commence invest and trading. To invest in Decentr (DEC) on Binance, you will want to hover over the tab which is called “Exchange” and click on “Basic”. To discover Decentr (DEC), you will need to put the short name of the asset (DEC) into the search box, which is highlighted in the graphic. Be certain of having selected the proper pairing, we've highlighted this also. Click on “DEC/BTC” to proceed.
Step 4 – Buying Decentr (DEC) Once you've found Decentr (DEC), you'll be given a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). And now we are making our Limit Order. The ”Price” field will be filled with the latest rate Decentr (DEC) was traded for. This can be changed to your desired rate. The ”Amount” field is the quantity of DEC you like to purchase. The field with the “Total” tag is the total price in Bitcoin that you will settle for the whole quantity of DEC. When you are glad, click on “Buy DEC”. Your order will be filled as soon as a Vendor sells their DEC for the price you submitted.
Step 5 – Withdraw Decentr (DEC) Unless you are trading, never keep your crypto on an Cryptocurrency Exchange for an extensive period of time. In order to withdraw your Decentr (DEC), go to the tab called “Funds” and mouse click on “Withdraw”. Decentr (DEC) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Decentr (DEC) by using the given drop-down box. Enter the quantity of Decentr (DEC) you would like to withdraw. Don't forget the displayed minimus/fees. Also make sure you have entered your precise withdraw address. When you are satisfied, click on “Submit”. You may be asked for verfication via phone/email before a take off.