A Step-by-Step-Guide on how to buy Diamond (DMD)
Step 1 – Signup to CEX.io In the beginning you'll need to purchase one of the major currencies. Exchanges usually accept either Ethereum or Bitcoin in exchange for Altcoins. Follow the Link below for registration and getting your Ethereum or Bitcoin.
Step 2 – Transmit Your Ethereum or Bitcoin to an Crypto Trader Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. Diamond (DMD) is accessible on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Trader? (Follow this guide) Make sure you've selected the precise coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etc. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our guide).
Step 3 – Locate Diamond (DMD) As soon as your deposit has been approved, you will directly have access to your funds and you can begin purchasing and trading. To buy Diamond (DMD) on Binance, you will want to hover over the tab which is called “Exchange” and mouse click on “Basic”. To find Diamond (DMD), you will need to put the shortname of the coin (DMD) into the search-box, which is marked in the image. Be certain of having selected the proper grouping, we've marked this also. Click on “DMD/BTC” to proceed.
Step 4 – Purchase Diamond (DMD) As soon as you have located Diamond (DMD), you'll be given a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). Next we're going to create our Limit Order. The ”Price” field will be filled with the up-to-date tariff Diamond (DMD) was sold for. This can be changed to your desired price. The field with the “Amount” tag is the volumen of DMD you want to purchase. The field with the “Total” tag is the total price in BTC that you will pay for the complete volumen of DMD. If you're happy, make a mouse click on “Buy DMD”. Your plan will be filled when a Seller trades their DMD for the price you offered.
Step 5 – Withdraw Diamond (DMD) Unless you are trading, best advise is not to keep coins on an Exchange for an longer period of time. To withdraw your Diamond (DMD), go to the tab called “Funds” and click on “Withdraw”. Diamond (DMD) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Diamond (DMD) by using the given drop-down box. Put into the quantity of Diamond (DMD) you'd wish to withdraw. Take into account the presented fees/minimums. Also make sure you have entered your right withdraw address. When you are glad, make a mouse click on “Submit”. You could be asked for email/phone verification ahead of a withdrawal.