A Step-by-Step-Guide on how to buy Dragonchain (DRGN)
Step 1 – Signup to Coinbase – Get Free $10 You will first need to buy units of the bigger coins. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click below to register and to get your welcome 10 Dollar.
Step 2 – Send Your Ethereum (ETH) or Bitcoin (BTC) to an Cryptocurrency Exchange Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. Dragonchain (DRGN) is available on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this how-to) Make sure you've selected the right coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etcetera. If you are working with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our how-to).
Step 3 – Find (DRGN) Dragonchain Once your deposit has been approved, you will directly have access to your funds and you can start purchasing and trading. To buy (DRGN) Dragonchain on Binance, you will want to hover over the ”Exchange” tab and then click on “Basic”. In order to find (DRGN) Dragonchain, you will need to insert the short name of the asset (DRGN) into the search-box, which is highlighted in the graphic. Make sure you have choosen the correct pairing, we've highlighted this too. Click on “DRGN/BTC” to proceed.
Step 4 – Acquisition of (DRGN) Dragonchain Once you have found (DRGN) Dragonchain, you will be given a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). For now we are going to make our Limit Order. The ”Price” field will be filled automatically with the most recent tariff (DRGN) Dragonchain was traded for. You can change this to your desired rate. The ”Amount” field is the volumen of DRGN you wish to buy. The ”Total” field is the whole price in Bitcoin that you'll pay for the whole volumen of DRGN. When you're happy, make a mouse click on “Buy DRGN”. Your plan will be filled as soon as a Seller trades their DRGN for the price you offered.
Step 5 – Withdraw (DRGN) Dragonchain Unless you are trading, you should never keepyour crypto on an Cryptocurrency Exchange for an extended time period. To withdraw your (DRGN) Dragonchain, go to the ”Funds” tab and mouse click on “Withdraw”. (DRGN) Dragonchain can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate (DRGN) Dragonchain by using the provided drop-down box. Drop in the volumen of (DRGN) Dragonchain you would like to withdraw. Take into account the shown minimus/fees. Also make sure you have entered your right withdraw address. If you are satisfied, click on “Submit”. You could be asked for verfication via phone/email ahead of a withdrawal.