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How to Buy Decred (DCR)

A Step-by-Step-Guide on how to buy Decred (DCR)

Step 1 – Join CEX.io

You'll first need to purchase units of the bigger coins. Exchanges normally accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click below for registration and receive your Ethereum or Bitcoin.

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

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is identical. Decred (DCR) is accessible on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Crypto Exchange? (Just follow these easy steps)

Make sure you have chosen the precise coin you would like to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so on. In the case you are using a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our guide).

Step 3 – Locate Decred (DCR)

Once your deposit has been verified, you'll immediately have access to your assets and you can start buying and trading. To invest in Decred (DCR) on Binance, you will want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”.

In order to discover Decred (DCR), you will need to insert the shortname of the coin (DCR) into the search box, which is highlighted in the graphic. Make sure you have choosen the proper grouping, we've highlighted this also. Click on “DCR/BTC” to go ahead.

{How to buy Coin on Binance 1|Binance How To Buy 1} Decred (DCR)
Step 4 – Purchasing Decred (DCR)

As soon as you have located Decred (DCR), you will be given a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the image). Next we're going to create our own Limit Order.

The field with the “Price” tag will be filled with the most up-to-date rate Decred (DCR) was traded for. You can change this to your preferred rate. The field with the “Amount” tag is the volumen of DCR you want to purchase. The field with the “Total” tag is the total price in BTC that you'll settle for the whole amount of DCR.

When you're glad, click on “Buy DCR”. Your order will be filled when a Vendor sells their DCR for the price you submitted.

Step 5 – Withdraw Decred (DCR)

Unless you are regularly trading, never keep your crypto on an Exchange for an extended period of time. In order to withdraw your Decred (DCR), hover over the tab called “Funds” and click on “Withdraw”. Decred (DCR) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find Decred (DCR) by using the given drop-down box. Drop in the amount of Decred (DCR) you'd like to take off. Don't forget the demonstrated minimus/fees. Also make sure you have filled your precise withdraw address.

If you are glad, make a mouse click on “Submit”. You could be asked for phone/email verification ahead of a withdrawal.

Kudos! You have successfully purchased and safed Decred (DCR).

That's it!

Take offs from Crypto Exchange can take anywhere from 1 – 30 minutes (depending on usage of the network). Once you have confirmed your take off with Etherscan.io or Ethplorer.io and the Decred (DCR) is safe inside your wallet, you are done.

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