A Step-by-Step-Guide on how to buy Decred (DCR)
Step 1 – Join CEX.io In the beginning you'll need to purchase one of the top-tier currencies. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Follow the Link below for registration and getting Ethereum or Bitcoin.
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Trader Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. Decred (DCR) is accessible on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Crypto Trader? (Follow this manual) Make sure you have selected the correct coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, et cetera. In the case you're using a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our guide).
Step 3 – Find (DCR) Decred As soon as your deposit has been verified, you'll directly have access to your funds and you can begin buying and trading. To invest in (DCR) Decred on Binance, you'll want to go to the ”Exchange” tab and then click on “Basic”. In order to spot (DCR) Decred, you'll need to insert the shortname of the coin (DCR) into the search box, which is highlighted in the picture. Be certain of having choosen the right pairing, we've highlighted this also. Click on “DCR/BTC” to proceed.
Step 4 – Purchase (DCR) Decred As soon as you've located (DCR) Decred, you'll be given a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). For now we're making our Limit Order. The ”Price” field will be automatically filled with the most recent valuation (DCR) Decred was traded for. This can be changed to your favoured price. The ”Amount” field is the amount of DCR you like to buy. The ”Total” field is the aggregated price in BTC that you will settle for the whole amount of DCR. When you're happy, make a mouse click on “Buy DCR”. Your order will be filled when a Vendor trades their DCR for the price you offered.
Step 5 – Withdraw Decred (DCR) Unless you're trading, you should never keepyour crypto on an Crypto Exchange for an longer period of time. In order to withdraw your Decred (DCR), go to the tab called “Funds” and mouse click on “Withdraw”. Decred (DCR) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Decred (DCR) by using the provided drop-down box. Put into the volumen of Decred (DCR) you would like to withdraw. Take into account the shown minimus/fees. Also make sure you have filled your right withdraw address. If you're happy, click “Submit”. You could be requested for verfication via phone/email before a take off.