A Step-by-Step-Guide on how to buy Decred (DCR) in Anguilla
Step 1 – Join Coinmama In the beginning you'll need to buy units of the bigger coins. Exchanges usually accept either Bitcoin or Ethereum in exchange for Altcoins. Follow the Link below for registration and receive your Bitcoin or Ethereum.
Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Cryptocurrency Exchange Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Exchange now. All exchanges have a deposit form that is similar. Decred (DCR) is available on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Crypto Exchange? (Follow this how-to) Make sure you have chosen the right coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, etcetera. If you are using a decentralized exchange, like Airswap or DDEX could be divergent (Follow our how-to).
Step 3 – Find Decred (DCR) As soon as your deposit has been verified, you will immediately have access to your finances and you can launch invest and trading. To buy Decred (DCR) on Binance, you'll want to go to the ”Exchange” tab and then click on “Basic”. To locate Decred (DCR), you will need to insert the cointype (DCR) into the search box, which is highlighted in the image. Make sure you have choosen the right grouping, we have highlighted this also. Click on “DCR/BTC” to go ahead.
Step 4 – Acquisition of Decred (DCR) As soon as you have found Decred (DCR), you'll be presented with a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the picture). And now we are making our own Limit Order. The field with the “Price” tag will be automatically filled with the most up-to-date rate Decred (DCR) was sold for. This can be changed to your preferred price. The ”Amount” field is the quantity of DCR you want to buy. The field with the “Total” tag is the total price in BTC that you'll pay for the complete amount of DCR. If you're happy, 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) Unless you are frequently trading, you should never keepyour coins on an Exchange for an longer time period. To take off your Decred (DCR), go to the ”Funds” tab and mouse click on “Withdraw”. Decred (DCR) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Decred (DCR) by using the given drop-down box. Put into the amount of Decred (DCR) you would like to withdraw. Take into account the demonstrated minimus/fees. Also make sure you have entered your correct withdraw address. When you are happy, make a mouse click on “Submit”. You could be requested for phone/email verification ahead of a withdrawal.
Kudos! You've successfully bought and stored Decred (DCR) in Anguilla.That's it! Withdrawals from Exchange can durate between 1 – 30 minutes (depending on usage of the network). As soon as you've confirmed your take off using Etherscan.io or Ethplorer.io and the Decred (DCR) is stored inside your wallet, you are all done.
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