A Step-by-Step-Guide on how to buy Digital Reserve Currency (DRC)
Step 1 – Signup to Kraken In the beginning you'll need to purchase units of the major coins. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click the button below to register and to get Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Exchange Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. Digital Reserve Currency (DRC) is available on Binance, so we're going to use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Exchange? (Follow this manual) Make sure you've chosen the precise coin you would like to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our guide).
Step 3 – Find Digital Reserve Currency (DRC) Once your deposit has been approved, you will instantly have access to your finances and you can begin buying and trading. To purchase Digital Reserve Currency (DRC) on Binance, you will want to go to the ”Exchange” tab and then click on “Basic”. To find Digital Reserve Currency (DRC), you will need to insert the shortname of the coin (DRC) into the search box, which is highlighted in the picture. Make sure you have selected the proper grouping, we've highlighted this too. Click on “DRC/BTC” to proceed.
Step 4 – Acquisition of Digital Reserve Currency (DRC) After you've spotted Digital Reserve Currency (DRC), you'll be presented with a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). And now we are making our own Limit Order. The ”Price” field will be filled with the latest price Digital Reserve Currency (DRC) was sold for. This can be changed to your preferred price. The ”Amount” field is the quantity of DRC you like to buy. The field with the “Total” tag is the whole price in Bitcoin that you will pay for the whole quantity of DRC. If you are satisfied, make a mouse click on “Buy DRC”. Your plan will be filled as soon as a Vendor trades their DRC for the price you introduced.
Step 5 – Withdraw Digital Reserve Currency (DRC) Unless you are regularly trading, best advise is not to keep crypto coins on an Cryptocurrency Exchange for an extended time period. In order to withdraw your Digital Reserve Currency (DRC), go to the ”Funds” tab and mouse click on “Withdraw”. Digital Reserve Currency (DRC) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Digital Reserve Currency (DRC) by using the given drop-down box. Put into the quantity of Digital Reserve Currency (DRC) you would like to withdraw. Take into account the presented minimus/fees. Also make sure you have entered your correct withdraw address. When you are happy, click on “Submit”. You may be requested for verfication via email/phone before a take off.