A Step-by-Step-Guide on how to buy Decentr (DEC)
Step 1 – Signup to Coinbase and recieve 10$ for free You will first need to buy units of the top-tier currencies. Exchanges normally accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Follow the Link below for registration and receive your first $10.
Step 2 – Transfer Your Bitcoin or Ethereum to an Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Exchange now. Every exchange has a deposit form that is similar. Decentr (DEC) is available on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Exchange? (Follow this how-to) Make sure you've chosen the right coin you wish to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etcetera. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be different (Follow our guide).
Step 3 – Locate Decentr (DEC) Once your deposit has been affirmed, you will now have access to your finances and you can launch buying and trading. To purchase Decentr (DEC) on Binance, you will want to go to the ”Exchange” tab and then click on “Basic”. In order to find Decentr (DEC), you will need to put the cointype (DEC) into the search-box, which is marked in the picture. Make sure you have choosen the right grouping, we've marked this too. Click on “DEC/BTC” to progress.
Step 4 – Acquisition of (DEC) Decentr After you've found (DEC) Decentr, you'll be presented with a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). And now we're making our Limit Order. The ”Price” field will be automatically filled with the most up-to-date tariff (DEC) Decentr was sold for. This can be changed to your preferred price. The field with the “Amount” tag is the amount of DEC you wish to purchase. The ”Total” field is the total price in BTC that you will pay for the whole amount of DEC. When you're happy, make a mouse click on “Buy DEC”. Your plan will be filled when a Vender trades their DEC for the price you introduced.
Step 5 – Withdraw Decentr (DEC) Unless you're trading, best advise is not to keep your crypto coins on an Cryptocurrency Exchange for an extended time frame. In order to withdraw your Decentr (DEC), hover over the tab called “Funds” and click on “Withdraw”. Decentr (DEC) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Decentr (DEC) by using the given drop-down box. Drop in the quantity of Decentr (DEC) you would wish to withdraw. Don't forget the shown fees/minimums. Also make sure you have filled your correct withdraw address. If you're happy, make a mouse click on “Submit”. You may be requested for verfication via email/phone before a take off.