A Step-by-Step-Guide on how to buy Decred (DCR)
Step 1 – Signup to Coinbase – Get Free $10 In the beginning you'll need to buy units of the bigger currencies. Exchanges commonly accept either Bitcoin or Ethereum in exchange for Altcoins. Click the button below for registration and getting your first 10 Dollar.
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Exchange Your Ethereum or Bitcoin has to be sent over to an Exchange now. All exchanges have a deposit form that is identical. Decred (DCR) 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 Exchange? (Follow this how-to) Make sure you've chosen the right coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so on. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Follow these easy steps).
Step 3 – Locate (DCR) Decred As soon as your deposit has been confirmed, you'll now have access to your finances and you can begin invest and trading. To purchase (DCR) Decred on Binance, you'll want to hover over the ”Exchange” tab and after that click on “Basic”. To locate (DCR) Decred, you'll need to put the cointype (DCR) into the search-box, which is marked in the graphic. Be certain of having choosen the right grouping, we have marked this too. Click on “DCR/BTC” to proceed.
Step 4 – Purchasing Decred (DCR) After you've discovered Decred (DCR), you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). And now we are creating our own Limit Order. The ”Price” field will be filled with the recent rate Decred (DCR) was sold for. This can be changed to your desired price. The ”Amount” field is the quantity of DCR you want to purchase. The ”Total” field is the whole price in BTC that you'll settle for the whole quantity of DCR. If you're happy, click on “Buy DCR”. Your order will be filled as soon as a Vendor sells their DCR for the price you offered.
Step 5 – Withdraw Decred (DCR) Unless you are trading, never keep your crypto coins on an Crypto Exchange for an extended period of time. In order to withdraw your Decred (DCR), go to the ”Funds” tab and mouse click on “Withdraw”. Decred (DCR) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Decred (DCR) by using the given drop-down box. Drop in the amount of Decred (DCR) you would like to withdraw. Don't forget the demonstrated minimus/fees. Also make sure you have entered your right withdraw address. If you are happy, make a mouse click on “Submit”. You may be requested for verfication via phone/email ahead of a withdrawal.