How to Buy Diamond (DMD) in Australia

A Step-by-Step-Guide on how to buy Diamond (DMD) in Australia

Step 1 – Signup to Coinmama

You'll first need to buy one of the top-tier currencies. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Click the button below for registration and receive your BTC (Bitcoin) or ETH (Ethereum).

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

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Exchange now. Every exchange has a deposit form that is identical. Diamond (DMD) is available on Binance, so we're going to use that as an sample. Unsure on how to send Coinbase funds to an Exchange? (Follow this how-to)

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

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so on. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Follow our guide).

Step 3 – Find {Diamond (DMD)|(DMD) Diamond}

Once your deposit has been confirmed, you'll now have access to your funds and you can launch invest and trading. To purchase {Diamond (DMD)|(DMD) Diamond} on Binance, you'll want to hover over the ”Exchange” tab and then click on “Basic”.

To find {Diamond (DMD)|(DMD) Diamond}, you'll need to insert the short name of the asset (DMD) into the search-box, which is marked in the picture. Make sure you have selected the correct grouping, we have marked this too. Click on “DMD/BTC” to go on.

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

As soon as you've found {Diamond (DMD)|(DMD) Diamond}, you will be given a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the image). For now we're making our own Limit Order.

The field with the “Price” tag will be automatically filled with the up-to-date rate {Diamond (DMD)|(DMD) Diamond} was sold for. This can be changed to your favoured rate. The field with the “Amount” tag is the volumen of DMD you wish to buy. The field with the “Total” tag is the aggregated price in BTC that you will pay for the whole volumen of DMD.

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

Step 5 – Withdraw {Diamond (DMD)|(DMD) Diamond}

Unless you are trading, you should never keepyour crypto on an Cryptocurrency Exchange for an extensive time frame. To withdraw your {Diamond (DMD)|(DMD) Diamond}, go to the tab called “Funds” and mouse click on “Withdraw”. {Diamond (DMD)|(DMD) Diamond} can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate {Diamond (DMD)|(DMD) Diamond} by using the provided drop-down box. Put into the amount of {Diamond (DMD)|(DMD) Diamond} you would wish to withdraw. Don't forget the presented fees/minimums. Also make sure you have entered your correct withdraw address.

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

Kudos! You've successfully bought and safed Diamond (DMD) in Australia.

That's it!

Take offs from Crypto Trader can take between 1 – 30 minutes (depending on network usage). As soon as you have confirmed your take off with Etherscan.io or Ethplorer.io and the {Diamond (DMD)|(DMD) Diamond} is stored within your wallet, you're done.

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