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 – Transfer Your Ethereum or Bitcoin to an Crypto Trader Your Ethereum or Bitcoin will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. Decentr (DEC) is accessible on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Just follow this how-to) Make sure you've chosen the exact coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you are working with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our guide).
Step 3 – Find Decentr (DEC) As soon as your deposit has been affirmed, you will immediately have access to your funds and you can start invest and trading. To invest in Decentr (DEC) on Binance, you will want to hover over the tab which is called “Exchange” and after that click on “Basic”. In order to locate Decentr (DEC), you'll need to insert the shortname of the coin (DEC) into the search box, which is marked in the graphic. Make sure you have selected the proper pairing, we've marked this too. Click on “DEC/BTC” to progress.
Step 4 – Buy Decentr (DEC) After you have found Decentr (DEC), you'll be given a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). Next we are creating our own Limit Order. The ”Price” field will be filled with the most latest valuation Decentr (DEC) was traded for. You can change this to your preferred price. The field with the “Amount” tag is the amount of DEC you wish to buy. The field with the “Total” tag is the whole price in Bitcoin that you'll settle for the whole amount of DEC. When you're glad, make a mouse click on “Buy DEC”. Your order will be filled when a Vender trades their DEC for the price you introduced.
Step 5 – Withdraw Decentr (DEC) Unless you are regularly trading, never keep your crypto coins on an Exchange for an extensive time frame. To take off your Decentr (DEC), go to the tab called “Funds” and click on “Withdraw”. Decentr (DEC) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Decentr (DEC) by using the given drop-down box. Enter the amount of Decentr (DEC) you'd like to take off. Take into account the demonstrated fees/minimums. Also make sure you have entered your correct withdraw address. When you are glad, click “Submit”. You could be requested for verfication via email/phone ahead of a withdrawal.