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 Cryptocurrency Exchange Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is identical. Dragonchain (DRGN) is obtainable on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Exchange? (Just follow this how-to) Make sure you've chosen the correct coin you want to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, and so forth. If you are using a decentralized exchange, like Airswap or DDEX could be different (Follow our manual).
Step 3 – Locate Dragonchain (DRGN) Once your deposit has been affirmed, you will instantly have access to your funds and you can start purchasing and trading. To buy Dragonchain (DRGN) on Binance, you'll want to hover over the tab which is called “Exchange” and then click on “Basic”. To spot 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 correct pairing, we've highlighted this also. Click on “DRGN/BTC” to go on.
Step 4 – Acquisition of Dragonchain (DRGN) As soon as you've located Dragonchain (DRGN), you'll be given a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). And now we're creating our own Limit Order. The field with the “Price” tag will be filled with the most recent rate Dragonchain (DRGN) was traded for. This can be changed to your preferred price. The field with the “Amount” tag is the quantity of DRGN you want to purchase. The ”Total” field is the total price in Bitcoin that you'll settle for the whole quantity of DRGN. If you are satisfied, click on “Buy DRGN”. Your order will be filled as soon as a Seller sells their DRGN for the price you gave.
Step 5 – Withdraw Dragonchain (DRGN) Unless you are regularly trading, best advise is not to keep coins on an Crypto Trader for an longer period of time. To withdraw your Dragonchain (DRGN), hover over the tab called “Funds” and click on “Withdraw”. Dragonchain (DRGN) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Dragonchain (DRGN) by using the provided drop-down box. Drop in the amount of Dragonchain (DRGN) you'd like to take off. Don't forget the presented fees/minimums. Also make sure you have filled your precise withdraw address. When you are glad, make a mouse click on “Submit”. You could be requested for verfication via email/phone before a withdrawal.