How to Buy Decred (DCR) in Anguilla

A Step-by-Step-Guide on how to buy Decred (DCR) in Anguilla

Step 1 – Join Coinbase and recieve 10$ for free

In the beginning you'll need to purchase units of the bigger currencies. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Follow the Link below to register and to get your first 10 Dollar.

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

Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is identical. Decred (DCR) is available on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Crypto Exchange? (Just follow this manual)

Make sure you've chosen the correct coin you wish to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our manual).

Step 3 – Locate {Decred (DCR)|(DCR) Decred}

Once your deposit has been confirmed, you'll now have access to your funds and you can begin purchasing and trading. To buy {Decred (DCR)|(DCR) Decred} on Binance, you'll want to hover over the ”Exchange” tab and mouse click on “Basic”.

To spot {Decred (DCR)|(DCR) Decred}, you'll need to put the cointype (DCR) into the search box, which is marked in the graphic. Be certain of having selected the correct grouping, we've marked this too. Click on “DCR/BTC” to progress.

{How to buy Coin on Binance 1|Binance How To Buy 1} Decred (DCR)
Step 4 – Buying {Decred (DCR)|(DCR) Decred}

Once you have located {Decred (DCR)|(DCR) Decred}, 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 image). Next we are going to make our Limit Order.

The ”Price” field will be automatically filled with the up-to-date price {Decred (DCR)|(DCR) Decred} was sold for. This can be changed to your favoured price. The field with the “Amount” tag is the amount of DCR you like to buy. The field with the “Total” tag is the total price in BTC that you'll settle for the whole amount of DCR.

If you are glad, make a mouse click on “Buy DCR”. Your order will be filled as soon as a Vendor sells their DCR for the price you offered.

Step 5 – Withdraw {Decred (DCR)|(DCR) Decred}

Unless you are regularly trading, best advise is not to keep crypto coins on an Crypto Trader for an longer period of time. In order to take off your {Decred (DCR)|(DCR) Decred}, go to the tab called “Funds” and mouse click on “Withdraw”. {Decred (DCR)|(DCR) Decred} can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate {Decred (DCR)|(DCR) Decred} by using the provided drop-down box. Put into the quantity of {Decred (DCR)|(DCR) Decred} you would wish to take off. Don't forget the presented minimus/fees. Also make sure you have filled your correct withdraw address.

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

Congrats! You have successfully purchased and stored Decred (DCR) in Anguilla.

That's it!

Take offs from Exchange can take anywhere from 1 – 30 minutes (rely on network usage). As soon as you've proved your withdrawal with Etherscan.io or Ethplorer.io and the {Decred (DCR)|(DCR) Decred} is stored inside your wallet, you're done.

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