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 Ethereum (ETH) or Bitcoin (BTC) to an Crypto Exchange Your Ethereum or Bitcoin will need to be sent over to an Exchange now. All exchanges have a deposit form that is identical. Decred (DCR) is obtainable on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Exchange? (Follow these easy steps) Make sure you've chosen the exact coin you want to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so forth. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be different (Follow our how-to).
Step 3 – Find Decred (DCR) Once your deposit has been affirmed, you will directly have access to your funds and you can initiate invest and trading. To purchase Decred (DCR) on Binance, you will want to go to the tab which is called “Exchange” and after that click on “Basic”. To locate Decred (DCR), you will need to put the shortname of the coin (DCR) into the search-box, which is highlighted in the graphic. Make sure you have choosen the right grouping, we have highlighted this too. Click on “DCR/BTC” to continue.
Step 4 – Purchasing Decred (DCR) As soon as you have spotted Decred (DCR), you'll be presented with a Price Chart (in the Center of the image) and a few Order Books (on the Left of the picture). And now we are making our own Limit Order. The ”Price” field will be filled with the most recent price Decred (DCR) was traded for. This can be changed to your preferred price. The field with the “Amount” tag is the quantity of DCR you like to buy. The field with the “Total” tag is the whole price in Bitcoin that you'll pay for the complete amount of DCR. If you're glad, click on “Buy DCR”. Your order will be filled as soon as a Vendor sells their DCR for the price you introduced.
Step 5 – Withdraw Decred (DCR) Unless you are regularly trading, never keep your crypto coins on an Crypto Trader for an extensive period of time. To take off your Decred (DCR), hover over the tab called “Funds” and mouse click on “Withdraw”. Decred (DCR) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Decred (DCR) by using the given drop-down box. Put into the volumen of Decred (DCR) you would like to take off. Don't forget the shown fees/minimums. Also make sure you have entered your correct withdraw address. If you're glad, click on “Submit”. You may be requested for email/phone verification ahead of a withdrawal.
Congrats! You have successfully bought and stored Decred (DCR) in Anguilla.That's it! Withdrawals from Crypto Exchange can take anywhere from 1 – 30 minutes (depending on usage of the network). As soon as you have confirmed your withdrawal with Etherscan.io or Ethplorer.io and the Decred (DCR) is safe within your wallet, you're finished.
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