How to Buy Decred (DCR) in Australia

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

Step 1 – Signup to Coinmama

In the beginning you'll need to purchase one of the bigger currencies. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Click the button below for registration and to get your Bitcoin (BTC) or Ethereum (ETH).

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

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. Decred (DCR) is obtainable on Binance, so we're going to use that as an sample. Unsure on how to send Coinbase funds to an Crypto Exchange? (Follow this guide)

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

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etc. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our manual).

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

As soon as your deposit has been verified, you'll directly have access to your assets and you can begin invest and trading. To purchase {Decred (DCR)|(DCR) Decred} on Binance, you'll want to go to the ”Exchange” tab and then click on “Basic”.

To spot {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 picture. Make sure you have choosen the proper grouping, we've marked this too. Click on “DCR/BTC” to advance.

{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 found {Decred (DCR)|(DCR) Decred}, you'll be presented with a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). Next we're creating our own Limit Order.

The field with the “Price” tag will be filled with the most latest tariff {Decred (DCR)|(DCR) Decred} was sold for. This can be changed to your preferred price. The field with the “Amount” tag is the quantity of DCR you wish to buy. The field with the “Total” tag is the aggregated price in BTC that you'll pay for the complete quantity of DCR.

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

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

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

Find {Decred (DCR)|(DCR) Decred} by using the given drop-down box. Enter the quantity of {Decred (DCR)|(DCR) Decred} you'd like to withdraw. Take into account the demonstrated fees/minimums. Also make sure you have entered your correct withdraw address.

When you are satisfied, click on “Submit”. You may be asked for phone/email verification before a take off.

Kudos! You've successfully bought and safed Decred (DCR) in Australia.

That's it!

Withdrawals from Cryptocurrency Exchange can durate anywhere from 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)|(DCR) Decred} is stored inside your wallet, you're all done.

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