How to Buy Decred (DCR) in Armenia

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

Step 1 – Join Coinmama

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

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

Your Ethereum or Bitcoin will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is identical. Decred (DCR) is obtainable on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Crypto Trader? (Just follow this guide)

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

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so on. If you're dealing with a decentralized exchange, like Airswap or DDEX could be different (Just follow these easy steps).

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

As soon as your deposit has been affirmed, you'll immediately have access to your finances and you can launch invest and trading. To buy {Decred (DCR)|(DCR) Decred} on Binance, you'll want to hover over the tab which is called “Exchange” and then mouse click on “Basic”.

In order to find {Decred (DCR)|(DCR) Decred}, you'll need to put the short name of the asset (DCR) into the search box, which is marked in the graphic. Make sure you have selected the correct grouping, we've marked this also. Click on “DCR/BTC” to go on.

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

As soon as you've discovered {Decred (DCR)|(DCR) Decred}, you will be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). Next we are making our own Limit Order.

The field with the “Price” tag will be automatically filled with the up-to-date rate {Decred (DCR)|(DCR) Decred} was sold for. You can change this to your preferred price. The ”Amount” field is the volumen of DCR you like to buy. The ”Total” field is the total price in BTC that you'll pay for the complete volumen of DCR.

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

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

Unless you are trading, best advise is not to keep your coins on an Crypto Exchange for an extended period of time. To take off your {Decred (DCR)|(DCR) Decred}, hover over the tab called “Funds” and mouse click on “Withdraw”. {Decred (DCR)|(DCR) Decred} can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate {Decred (DCR)|(DCR) Decred} by using the given drop-down box. Enter the amount of {Decred (DCR)|(DCR) Decred} you'd wish to take off. Don't forget the displayed minimus/fees. Also make sure you have entered your correct withdraw address.

When you are happy, click on “Submit”. You may be asked for verfication via phone/email ahead of a take off.

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

That's it!

Take offs from Crypto Exchange can take anywhere from 1 – 30 minutes (depending on network usage). As soon as you've proved your take off with Ethplorer.io or Etherscan.io and the {Decred (DCR)|(DCR) Decred} is stored within your wallet, you are finished.

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