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How to Buy DeFiat (DFT)

A Step-by-Step-Guide on how to buy DeFiat (DFT)

Step 1 – Signup to CEX.io

You will first need to purchase units of the top-tier coins. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Follow the Link below to register and to get your Bitcoin (BTC) or Ethereum (ETH).

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

Your Ethereum or Bitcoin will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. DeFiat (DFT) is obtainable on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this how-to)

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, etc. If you are working with a decentralized exchange, such as Airswap or DDEX could be different (Follow our how-to).

Step 3 – Find DeFiat (DFT)

As soon as your deposit has been verified, you will now have access to your funds and you can commence buying and trading. To purchase DeFiat (DFT) on Binance, you will want to go to the tab which is called “Exchange” and after that click on “Basic”.

To locate DeFiat (DFT), you will need to insert the short name of the asset (DFT) into the search box, which is marked in the graphic. Be certain of having selected the correct pairing, we have marked this too. Click on “DFT/BTC” to proceed.

{How to buy Coin on Binance 1|Binance How To Buy 1} DeFiat (DFT)
Step 4 – Acquisition of DeFiat (DFT)

As soon as you have located DeFiat (DFT), you will be presented with a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). Next we are going to make our own Limit Order.

The ”Price” field will be automatically filled with the most recent valuation DeFiat (DFT) was sold for. You can change this to your preferred price. The field with the “Amount” tag is the quantity of DFT you like to purchase. The field with the “Total” tag is the aggregated price in BTC that you'll pay for the complete quantity of DFT.

When you're satisfied, make a mouse click on “Buy DFT”. Your plan will be filled as soon as a Vendor sells their DFT for the price you submitted.

Step 5 – Withdraw DeFiat (DFT)

Unless you're frequently trading, best advise is not to keep your coins on an Exchange for an extended time period. In order to withdraw your DeFiat (DFT), hover over the tab called “Funds” and click on “Withdraw”. DeFiat (DFT) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find DeFiat (DFT) by using the provided drop-down box. Put into the volumen of DeFiat (DFT) you would like to take off. Don't forget the demonstrated fees/minimums. Also make sure you have filled your correct withdraw address.

When you are happy, click on “Submit”. You may be requested for email/phone verification before a take off.

Congratulations! You have successfully bought and stored DeFiat (DFT).

That's it!

Take offs from Crypto Exchange can take between 1 – 30 minutes (rely on usage of the network). As soon as you have confirmed your take off using Etherscan.io or Ethplorer.io and the DeFiat (DFT) is stored within your wallet, you're done.

Some other Guides on How to buy different Altcoins

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How to Buy Altcoins
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