How to Buy Dragonchain (DRGN)

A Step-by-Step-Guide on how to buy Dragonchain (DRGN)

Step 1 – Join Kraken

In the beginning you'll need to buy one of the bigger coins. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Click the button below to register and receive ETH (Ethereum) or BTC (Bitcoin).

Binance Signup
Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Exchange

Your Ethereum or Bitcoin will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is identical. Dragonchain (DRGN) is available on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Exchange? (Just follow this manual)

Make sure you've selected the correct coin you would like to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, and so forth. If you are dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our how-to).

Step 3 – Locate Dragonchain (DRGN)

As soon as your deposit has been approved, you will now have access to your funds and you can commence buying and trading. To invest in Dragonchain (DRGN) on Binance, you'll want to go to the tab which is called “Exchange” and then mouse click on “Basic”.

In order to find Dragonchain (DRGN), you will need to insert the shortname of the coin (DRGN) into the search box, which is marked in the image. Be certain of having choosen the right pairing, we have marked this too. Click on “DRGN/BTC” to go ahead.

Binance Hot To Buy Dragonchain (DRGN)
Binance How to Buy (DRGN) Dragonchain
Step 4 – Buying Dragonchain (DRGN)

Once you have found Dragonchain (DRGN), you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the picture). Next we're creating our own Limit Order.

The field with the “Price” tag will be automatically filled with the most latest rate Dragonchain (DRGN) was traded for. You can change this to your desired price. The ”Amount” field is the amount of DRGN you like to purchase. The field with the “Total” tag is the total price in Bitcoin that you'll settle for the complete volumen of DRGN.

When you're happy, click on “Buy DRGN”. Your order will be filled when a Seller sells their DRGN for the price you introduced.

Step 5 – Withdraw Dragonchain (DRGN)

Unless you are regularly trading, best advise is not to keep coins on an Cryptocurrency Exchange for an extensive time frame. In order to withdraw your Dragonchain (DRGN), hover over the tab called “Funds” and click on “Withdraw”. Dragonchain (DRGN) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find Dragonchain (DRGN) by using the provided drop-down box. Enter the amount of Dragonchain (DRGN) you would like to take off. Take into account the demonstrated fees/minimums. Also make sure you have entered your right withdraw address.

If you are satisfied, click “Submit”. You may be requested for verfication via email/phone ahead of a withdrawal.

Binance Withdraw

Congratulations! You've successfully purchased and stored Dragonchain (DRGN).

That's it!

Take offs from Exchange can take anywhere from 1 – 30 minutes (depending on usage of the network). Once you've proved your take off with Ethplorer.io or Etherscan.io and the (DRGN) Dragonchain is safe within your wallet, you're done.
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