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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 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Cryptocurrency Exchange

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. Decred (DCR) is obtainable on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this how-to)

Make sure you have selected the right 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 working with a decentralized exchange, like Airswap or DDEX could be different (Just follow our how-to).

Step 3 – Find Decred (DCR)

Once your deposit has been verified, you'll immediately have access to your funds and you can launch purchasing and trading. To purchase Decred (DCR) on Binance, you'll want to hover over the tab which is called “Exchange” and click on “Basic”.

In order to discover Decred (DCR), you'll need to insert the short name of the asset (DCR) into the search box, which is marked in the graphic. Be certain of having selected the right pairing, we've marked this also. Click on “DCR/BTC” to advance.

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

Once you have spotted Decred (DCR), you'll be presented with a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the image). Next we are creating our own Limit Order.

The ”Price” field will be filled with the recent price Decred (DCR) was traded for. You can change this to your desired rate. The field with the “Amount” tag is the amount of DCR you like to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you'll pay for the whole amount of DCR.

If you are glad, click on “Buy DCR”. Your order will be filled when a Vendor sells their DCR for the price you offered.

Step 5 – Withdraw Decred (DCR)

Unless you're trading, you should never keepyour crypto on an Crypto Exchange for an extended time frame. To take off your Decred (DCR), go to the ”Funds” tab and mouse click on “Withdraw”. Decred (DCR) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find Decred (DCR) by using the given drop-down box. Drop in the amount of Decred (DCR) you'd wish to take off. Take into account the shown minimus/fees. Also make sure you have entered your correct withdraw address.

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

Congrats! You have successfully bought and stored Decred (DCR).

That's it!

Take offs from Crypto Trader can take between 1 – 30 minutes (depending on network usage). As soon as you have confirmed your withdrawal using Ethplorer.io or Etherscan.io and the Decred (DCR) is stored in your wallet, you're done.

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