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How to Buy Decred (DCR)

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

Step 1 – Join Coinbase and recieve 10$ for free

You will first need to purchase one of the bigger currencies. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Follow the Link below to register and getting your welcome 10$.

Binance Signup
Step 2 – Transfer Your Bitcoin or Ethereum to an Crypto Trader

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. Decred (DCR) is accessible on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Crypto Trader? (Follow these easy steps)

Make sure you've selected the correct coin you wish to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so on. If you're dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our guide).

Step 3 – Find (DCR) Decred

Once your deposit has been confirmed, you will now have access to your finances and you can launch buying and trading. To invest in (DCR) Decred on Binance, you will want to hover over the ”Exchange” tab and after that mouse click on “Basic”.

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

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

As soon as you have located Decred (DCR), you'll be given a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). And now we're going to make our Limit Order.

The field with the “Price” tag will be automatically filled with the up-to-date rate Decred (DCR) was sold for. This can be changed to your desired rate. The ”Amount” field is the volumen of DCR you want to buy. The ”Total” field is the total price in Bitcoin that you will pay for the complete volumen of DCR.

If you are satisfied, click on “Buy DCR”. Your plan will be filled as soon as a Seller sells their DCR for the price you submitted.

Step 5 – Withdraw (DCR) Decred

Unless you are regularly trading, you should never keepyour crypto on an Exchange for an extensive period of time. To take off your (DCR) Decred, go to the ”Funds” tab and click on “Withdraw”. (DCR) Decred can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (DCR) Decred by using the provided drop-down box. Enter the amount of (DCR) Decred you'd wish to take off. Take into account the presented fees/minimums. Also make sure you have filled your precise withdraw address.

When you are glad, click on “Submit”. You could be asked for phone/email verification before a withdrawal.

Kudos! You've successfully bought and stored (DCR) Decred.

That's it!

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