A Step-by-Step-Guide on 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 – Send Your Funds to an Cryptocurrency Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is identical. Dimecoin (DIME) is accessible on Binance, so we're going to use that as an illustration. Unsure on how to send Coinbase funds to an Exchange? (Follow this how-to) Make sure you've chosen the exact coin you would like to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, et cetera. In the case you're using a decentralized exchange, such as Airswap or DDEX could be different (Follow these easy steps).
Step 3 – Find Dimecoin (DIME) As soon as your deposit has been verified, you'll instantly have access to your finances and you can initiate buying and trading. To buy Dimecoin (DIME) on Binance, you will want to hover over the ”Exchange” tab and after that click on “Basic”. To discover Dimecoin (DIME), you will need to insert the shortname of the coin (DIME) into the search-box, which is marked in the picture. Make sure you have choosen the correct grouping, we have marked this too. Click on “DIME/BTC” to progress.
Step 4 – Purchase Dimecoin (DIME) As soon as you have discovered Dimecoin (DIME), you will be given a Price Chart (in the Center of the picture) and some Order Books (Leftside of the image). And now we're going to create our own Limit Order. The ”Price” field will be filled with the most up-to-date price Dimecoin (DIME) was sold for. This can be changed to your favoured price. The ”Amount” field is the quantity of DIME you like to purchase. The field with the “Total” tag is the total price in Bitcoin that you'll pay for the complete volumen of DIME. If you are glad, make a mouse click on “Buy DIME”. Your plan will be filled when a Vender sells their DIME for the price you gave.
Step 5 – Withdraw Dimecoin (DIME) Unless you're regularly trading, never keep your coins on an Crypto Exchange for an extended period of time. To take off your Dimecoin (DIME), go to the ”Funds” tab and click on “Withdraw”. Dimecoin (DIME) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Dimecoin (DIME) by using the provided drop-down box. Drop in the quantity of Dimecoin (DIME) you'd wish to take off. Take into account the demonstrated minimus/fees. Also make sure you have entered your correct withdraw address. If you are happy, click “Submit”. You could be requested for email/phone verification before a take off.