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).
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Cryptocurrency Exchange Your Bitcoin or Ethereum has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is alike. Datamine (DAM) is accessible on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this how-to) Make sure you have chosen the correct coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. In the case you're using a decentralized exchange, like Airswap or DDEX could be unlike (Follow these easy steps).
Step 3 – Locate Datamine (DAM) Once your deposit has been verified, you will immediately have access to your funds and you can initiate buying and trading. To purchase Datamine (DAM) on Binance, you will want to hover over the tab which is called “Exchange” and after that click on “Basic”. In order to find Datamine (DAM), you will need to insert the shortname of the coin (DAM) into the search-box, which is marked in the graphic. Make sure you have choosen the proper grouping, we have marked this also. Click on “DAM/BTC” to progress.
Step 4 – Purchase Datamine (DAM) After you've found Datamine (DAM), you will be given a Price Chart (in the Center of the image) and a few Order Books (Leftside of the image). Next we are going to make our own Limit Order. The ”Price” field will be filled with the most up-to-date rate Datamine (DAM) was sold for. You can change this to your desired rate. The ”Amount” field is the quantity of DAM you want to purchase. The ”Total” field is the whole price in BTC that you will settle for the whole quantity of DAM. If you're glad, click on “Buy DAM”. Your plan will be filled as soon as a Vendor sells their DAM for the price you submitted.
Step 5 – Withdraw Datamine (DAM) Unless you're regularly trading, best advise is not to keep coins on an Crypto Exchange for an longer time period. To withdraw your Datamine (DAM), go to the ”Funds” tab and click on “Withdraw”. Datamine (DAM) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Datamine (DAM) by using the given drop-down box. Put into the amount of Datamine (DAM) you'd wish to withdraw. Take into account the displayed minimus/fees. Also make sure you have filled your precise withdraw address. When you're happy, click “Submit”. You may be asked for email/phone verification before a take off.