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).
Step 2 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is identical. Dragonchain (DRGN) is accessible on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow this manual) Make sure you've selected the right coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so on. If you are using a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our how-to).
Step 3 – Find Dragonchain (DRGN) Once your deposit has been approved, you'll directly have access to your finances and you can commence buying and trading. To purchase Dragonchain (DRGN) on Binance, you will want to go to the tab which is called “Exchange” and then click on “Basic”. In order to spot Dragonchain (DRGN), 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 grouping, we have highlighted this also. Click on “DRGN/BTC” to continue.
Step 4 – Purchasing Dragonchain (DRGN) After you have found Dragonchain (DRGN), you'll be presented with a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). Next we are making our own Limit Order. The field with the “Price” tag will be filled automatically with the most recent tariff Dragonchain (DRGN) was traded for. You can change this to your preferred price. The field with the “Amount” tag is the volumen of DRGN you wish to purchase. The ”Total” field is the aggregated price in BTC that you'll pay for the complete volumen of DRGN. When you're satisfied, click on “Buy DRGN”. Your order will be filled when a Vendor sells their DRGN for the price you offered.
Step 5 – Withdraw Dragonchain (DRGN) Unless you're frequently trading, best advise is not to keep crypto on an Exchange for an extensive period of time. In order to take off your Dragonchain (DRGN), hover over the tab called “Funds” and mouse click on “Withdraw”. Dragonchain (DRGN) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Dragonchain (DRGN) by using the provided drop-down box. Drop in the volumen of Dragonchain (DRGN) you'd like to take off. Take into account the displayed minimus/fees. Also make sure you have entered your correct withdraw address. If you are satisfied, make a mouse click on “Submit”. You may be requested for verfication via phone/email ahead of a withdrawal.