How to Buy Datamine (DAM) in Australia

A Step-by-Step-Guide on how to buy Datamine (DAM) in Australia

Step 1 – Signup to Coinmama

You will first need to buy units of the bigger coins. Exchanges normally accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Follow the Link below for registration and getting your Bitcoin or Ethereum.

Binance Signup
Step 2 – Transfer Your Bitcoin or Ethereum to an Crypto Exchange

Your Bitcoin or Ethereum has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is identical. Datamine (DAM) is available on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Just follow this how-to)

Make sure you have selected the exact coin you would like to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you are using a decentralized exchange, like Airswap or DDEX could be unlike (Just follow these easy steps).

Step 3 – Find {Datamine (DAM)|(DAM) Datamine}

As soon as your deposit has been approved, you'll directly have access to your finances and you can launch purchasing and trading. To buy {Datamine (DAM)|(DAM) Datamine} on Binance, you'll want to go to the ”Exchange” tab and then mouse click on “Basic”.

In order to spot {Datamine (DAM)|(DAM) Datamine}, you'll need to insert the short name of the asset (DAM) into the search-box, which is marked in the image. Be certain of having choosen the correct pairing, we have marked this also. Click on “DAM/BTC” to go ahead.

{How to buy Coin on Binance 1|Binance How To Buy 1} Datamine (DAM)
Step 4 – Buy {Datamine (DAM)|(DAM) Datamine}

Once you have spotted {Datamine (DAM)|(DAM) Datamine}, you will be given a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). And now we're making our Limit Order.

The ”Price” field will be filled with the most recent price {Datamine (DAM)|(DAM) Datamine} was traded for. This can be changed to your desired price. The ”Amount” field is the amount of DAM you wish to purchase. The field with the “Total” tag is the aggregated price in BTC that you will settle for the complete amount of DAM.

If you are happy, click on “Buy DAM”. Your order will be filled as soon as a Vendor trades their DAM for the price you introduced.

Step 5 – Withdraw {Datamine (DAM)|(DAM) Datamine}

Unless you are trading, you should never keepyour crypto on an Crypto Exchange for an extended time period. To take off your {Datamine (DAM)|(DAM) Datamine}, go to the tab called “Funds” and click on “Withdraw”. {Datamine (DAM)|(DAM) Datamine} can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find {Datamine (DAM)|(DAM) Datamine} by using the given drop-down box. Put into the quantity of {Datamine (DAM)|(DAM) Datamine} you would wish to take off. Don't forget the displayed fees/minimums. Also make sure you have entered your precise withdraw address.

If you are happy, click “Submit”. You could be requested for verfication via phone/email ahead of a take off.

Congrats! You have successfully purchased and safed Datamine (DAM) in Australia.

That's it!

Withdrawals from Crypto Trader can take anywhere from 1 – 30 minutes (rely on usage of the network). Once you have confirmed your take off using or and the {Datamine (DAM)|(DAM) Datamine} is stored inside your wallet, you are done.

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