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How to Buy Datamine (DAM)

A Step-by-Step-Guide on how to buy Datamine (DAM)

Step 1 – Signup to CEX.io

In the beginning you'll need to purchase one of the top-tier currencies. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Follow the Link below for registration and receive your ETH (Ethereum) or BTC (Bitcoin).

Binance Signup
Step 2 – Transmit Your Funds to an Cryptocurrency Exchange

Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is identical. Datamine (DAM) is obtainable on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Exchange? (Follow this manual)

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

BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, et cetera. If you are using a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our how-to).

Step 3 – Find Datamine (DAM)

As soon as your deposit has been affirmed, you will now have access to your finances and you can initiate buying and trading. To purchase Datamine (DAM) on Binance, you will want to hover over the ”Exchange” tab and then mouse click on “Basic”.

In order to locate Datamine (DAM), you'll need to insert the shortname of the coin (DAM) into the search box, which is marked in the graphic. Be certain of having choosen the right pairing, we've marked this too. Click on “DAM/BTC” to go ahead.

{How to buy Coin on Binance 1|Binance How To Buy 1} Datamine (DAM)
Step 4 – Purchase Datamine (DAM)

As soon as you have found Datamine (DAM), you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the image). For now we're going to create our own Limit Order.

The ”Price” field will be filled automatically with the most recent rate Datamine (DAM) was traded for. This can be changed to your preferred price. The field with the “Amount” tag is the amount of DAM you wish to purchase. The ”Total” field is the aggregated price in BTC that you will settle for the complete quantity of DAM.

When you're glad, make a mouse click on “Buy DAM”. Your order will be filled when a Seller trades their DAM for the price you submitted.

Step 5 – Withdraw Datamine (DAM)

Unless you are frequently trading, you should never keepyour coins on an Cryptocurrency Exchange for an extended time period. In order to withdraw your Datamine (DAM), hover over the tab called “Funds” and mouse click on “Withdraw”. Datamine (DAM) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find Datamine (DAM) by using the provided drop-down box. Enter the quantity of Datamine (DAM) you'd wish to take off. Take into account the shown fees/minimums. Also make sure you have entered your right withdraw address.

If you are satisfied, make a mouse click on “Submit”. You may be asked for verfication via email/phone before a take off.

Congratulations! You have successfully bought and safed Datamine (DAM).

That's it!

Take offs from Cryptocurrency Exchange can take between 1 – 30 minutes (rely on network usage). As soon as you've confirmed your take off with Ethplorer.io or Etherscan.io and the Datamine (DAM) is stored in your wallet, you're done.

Some other Guides on How to buy different Altcoins

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