A Step-by-Step-Guide on how to buy Decentr (DEC)
Step 1 – Signup to CEX.io You will first need to purchase units of the major coins. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Click below for registration and getting your Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transmit Your Funds to an Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Exchange now. All exchanges have a deposit form that is alike. Decentr (DEC) is available on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Exchange? (Just follow this guide) Make sure you have selected the correct coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so on. In the case you're working with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our manual).
Step 3 – Locate Decentr (DEC) As soon as your deposit has been confirmed, you will now have access to your finances and you can initiate buying and trading. To purchase Decentr (DEC) on Binance, you will want to hover over the ”Exchange” tab and click on “Basic”. In order to discover Decentr (DEC), you will need to put the cointype (DEC) into the search box, which is marked in the graphic. Be certain of having choosen the correct pairing, we have marked this too. Click on “DEC/BTC” to progress.
Step 4 – Buying Decentr (DEC) Once you have located Decentr (DEC), you will be presented with a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). For now we're creating our Limit Order. The field with the “Price” tag will be filled automatically with the most up-to-date valuation Decentr (DEC) was traded for. You can change this to your favoured rate. The ”Amount” field is the quantity of DEC you want to buy. The field with the “Total” tag is the total price in BTC that you'll settle for the whole quantity of DEC. If you're glad, click on “Buy DEC”. Your order will be filled as soon as a Vendor trades their DEC for the price you introduced.
Step 5 – Withdraw Decentr (DEC) Unless you are frequently trading, never keep your coins on an Cryptocurrency Exchange for an extended period of time. In order to withdraw your Decentr (DEC), hover over the ”Funds” tab and mouse click on “Withdraw”. Decentr (DEC) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Decentr (DEC) by using the provided drop-down box. Put into the volumen of Decentr (DEC) you would wish to withdraw. Take into account the presented minimus/fees. Also make sure you have entered your right withdraw address. If you are satisfied, make a mouse click on “Submit”. You could be asked for verfication via phone/email ahead of a take off.