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 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Cryptocurrency Exchange Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is identical. Decentr (DEC) is accessible on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Crypto Trader? (Just follow this guide) Make sure you've selected the correct coin you wish to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so forth. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be unlike (Follow these easy steps).
Step 3 – Locate Decentr (DEC) Once your deposit has been verified, you will immediately have access to your finances and you can begin buying and trading. To buy Decentr (DEC) on Binance, you'll want to go to the tab which is called “Exchange” and then mouse click on “Basic”. In order to discover Decentr (DEC), you'll need to insert the cointype (DEC) into the search box, which is marked in the picture. Be certain of having selected the correct pairing, we have marked this too. Click on “DEC/BTC” to proceed.
Step 4 – Acquisition of Decentr (DEC) As soon as you've spotted Decentr (DEC), you'll be given a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the image). For now we are creating our own Limit Order. The ”Price” field will be automatically filled with the most latest tariff Decentr (DEC) was sold for. This can be changed to your favoured price. The ”Amount” field is the quantity of DEC you like to buy. The ”Total” field is the aggregated price in BTC that you will settle for the whole amount of DEC. When you are satisfied, make a mouse click on “Buy DEC”. Your plan will be filled when a Seller sells their DEC for the price you introduced.
Step 5 – Withdraw Decentr (DEC) Unless you are regularly trading, best advise is not to keep coins on an Crypto Exchange for an longer time period. To take off your Decentr (DEC), hover over the tab called “Funds” and mouse click on “Withdraw”. Decentr (DEC) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Decentr (DEC) by using the provided drop-down box. Drop in the volumen of Decentr (DEC) you would wish to take off. Don't forget the displayed minimus/fees. Also make sure you have entered your right withdraw address. When you're glad, click “Submit”. You could be asked for email/phone verification ahead of a take off.