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 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) to an Exchange Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Exchange now. Every exchange has a deposit form that is identical. Dimecoin (DIME) is obtainable on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Exchange? (Follow this manual) Make sure you have selected the correct coin you want to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etc. If you're working with a decentralized exchange, like Airswap or DDEX could be opposed (Follow these easy steps).
Step 3 – Find Dimecoin (DIME) As soon as your deposit has been confirmed, you will directly have access to your funds and you can commence buying and trading. To purchase Dimecoin (DIME) on Binance, you will want to hover over the tab which is called “Exchange” and after that click on “Basic”. In order 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 selected the proper pairing, we've marked this too. Click on “DIME/BTC” to go on.
Step 4 – Purchase Dimecoin (DIME) After you have located Dimecoin (DIME), you will be presented with a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). For now we're going to make 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 favoured price. The field with the “Amount” tag is the quantity of DIME you want to purchase. The field with the “Total” tag is the total price in BTC that you will settle for the whole quantity of DIME. If you are happy, click on “Buy DIME”. Your order will be filled when a Vender trades their DIME for the price you introduced.
Step 5 – Withdraw Dimecoin (DIME) Unless you are trading, best advise is not to keep crypto on an Crypto Exchange for an extended time period. To take off your Dimecoin (DIME), hover over the ”Funds” tab and mouse click on “Withdraw”. Dimecoin (DIME) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Dimecoin (DIME) by using the provided drop-down box. Put into the volumen of Dimecoin (DIME) you'd wish to take off. Take into account the demonstrated fees/minimums. Also make sure you have filled your precise withdraw address. When you are satisfied, click “Submit”. You may be requested for verfication via email/phone before a withdrawal.