A Step-by-Step-Guide on how to buy Dowcoin (DOW)
Step 1 – Join Kraken You'll first need to purchase units of the top-tier coins. Exchanges commonly accept either Bitcoin or Ethereum in exchange for alternative Coins. Follow the Link below to register and receive ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is alike. Dowcoin (DOW) is obtainable on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Just follow this guide) Make sure you've selected the exact coin you wish to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etc. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our how-to).
Step 3 – Locate Dowcoin (DOW) Once your deposit has been affirmed, you'll instantly have access to your funds and you can initiate invest and trading. To invest in Dowcoin (DOW) on Binance, you'll want to go to the ”Exchange” tab and click on “Basic”. To locate Dowcoin (DOW), you'll need to put the shortname of the coin (DOW) into the search-box, which is highlighted in the image. Be certain of having choosen the right pairing, we have highlighted this too. Click on “DOW/BTC” to go ahead.
Step 4 – Purchasing Dowcoin (DOW) As soon as you've found Dowcoin (DOW), you'll be given a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). For now we are creating our Limit Order. The ”Price” field will be filled with the most up-to-date price Dowcoin (DOW) was sold for. This can be changed to your favoured rate. The ”Amount” field is the volumen of DOW you want to purchase. The field with the “Total” tag is the aggregated price in BTC that you'll pay for the complete volumen of DOW. If you are happy, make a mouse click on “Buy DOW”. Your order will be filled as soon as a Vender trades their DOW for the price you introduced.
Step 5 – Withdraw Dowcoin (DOW) Unless you are regularly trading, best advise is not to keep crypto coins on an Crypto Trader for an extensive period of time. To take off your Dowcoin (DOW), go to the ”Funds” tab and mouse click on “Withdraw”. Dowcoin (DOW) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Dowcoin (DOW) by using the given drop-down box. Enter the quantity of Dowcoin (DOW) you would like to take off. Don't forget the displayed minimus/fees. Also make sure you have filled your precise withdraw address. When you are happy, click “Submit”. You could be requested for verfication via phone/email before a take off.