How to Buy Dimecoin (DIME)

Step 1 – Join Kraken

You will first need to buy units of the bigger coins. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click the button below to register and getting Bitcoin (BTC) or Ethereum (ETH).

Step 2 – Transfer Your BTC (Bitcoin) or ETH (Ethereum) to an Exchange

Your Ethereum or Bitcoin has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. Dimecoin (DIME) is obtainable on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Crypto Trader? (Follow this guide)

Make sure you've chosen the right coin you wish to deposit.

Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. If you're dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Follow our manual).

Step 3 – Locate Dimecoin (DIME)

As soon as your deposit has been affirmed, you'll directly have access to your finances and you can start purchasing and trading. To buy Dimecoin (DIME) on Binance, you will want to hover over the ”Exchange” tab and then mouse click on “Basic”.

In order to find Dimecoin (DIME), you will need to put the short name of the asset (DIME) into the search box, which is highlighted in the image. Make sure you have selected the correct grouping, we've marked this too. Click on “DIME/BTC” to go ahead.

Step 4 – Purchasing Dimecoin (DIME)

As soon as you have spotted Dimecoin (DIME), you'll be given a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the picture). For now we're creating our own Limit Order.

The field with the “Price” tag will be filled with the most latest price Dimecoin (DIME) was traded for. This can be changed to your preferred price. The field with the “Amount” tag is the quantity of DIME you want to buy. The field with the “Total” tag is the whole price in Bitcoin that you will settle for the whole amount of DIME.

If you are happy, click on “Buy DIME”. Your order will be filled when a Vendor sells their DIME for the price you introduced.

Step 5 – Withdraw Dimecoin (DIME)

Unless you're regularly trading, best advise is not to keep crypto coins on an Exchange for an longer time period. To withdraw your Dimecoin (DIME), hover over the ”Funds” tab and click on “Withdraw”. Dimecoin (DIME) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find Dimecoin (DIME) by using the provided drop-down box. Drop in the amount of Dimecoin (DIME) you would wish to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have filled your precise withdraw address.

If you are happy, click “Submit”. You could be requested for email/phone verification ahead of a take off.