A Step-by-Step-Guide on how to buy Decred (DCR)
Step 1 – Signup to CEX.io You'll first need to purchase one of the top-tier currencies. Exchanges commonly accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Click below to register and to get your Bitcoin or Ethereum.
Step 2 – Transmit Your Ethereum or Bitcoin to an Crypto 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 similar. Decred (DCR) is available on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Crypto Exchange? (Follow this how-to) Make sure you've selected the precise coin you would like to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etcetera. If you're dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our manual).
Step 3 – Locate Decred (DCR) Once your deposit has been approved, you'll instantly have access to your funds and you can start purchasing and trading. To purchase Decred (DCR) on Binance, you'll want to hover over the ”Exchange” tab and click on “Basic”. In order to spot Decred (DCR), you'll need to put the shortname of the coin (DCR) into the search box, which is marked in the graphic. Be certain of having choosen the proper grouping, we've marked this also. Click on “DCR/BTC” to go ahead.
Step 4 – Buy Decred (DCR) Once you've spotted Decred (DCR), you will be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). For now we are going to create our own Limit Order. The field with the “Price” tag will be automatically filled with the most latest rate Decred (DCR) was sold for. You can change this to your preferred rate. The field with the “Amount” tag is the volumen of DCR you want to buy. The ”Total” field is the total price in Bitcoin that you'll pay for the whole volumen of DCR. If you're glad, click on “Buy DCR”. Your plan will be filled as soon as a Vender trades their DCR for the price you submitted.
Step 5 – Withdraw Decred (DCR) Unless you are frequently trading, you should never keepyour coins on an Exchange for an longer time period. To withdraw your Decred (DCR), hover over the ”Funds” tab and click on “Withdraw”. Decred (DCR) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Decred (DCR) by using the provided drop-down box. Put into the quantity of Decred (DCR) you'd wish to withdraw. Take into account the shown minimus/fees. Also make sure you have entered your right withdraw address. If you are happy, click “Submit”. You could be asked for email/phone verification before a take off.