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How to Buy Diamond (DMD)

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.

Binance Signup
Step 2 – Transmit Your Funds to an Cryptocurrency Exchange

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

Make sure you've selected the exact coin you want to deposit.

BTC 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, such as Airswap or DDEX could be unlike (Follow our manual).

Step 3 – Locate Diamond (DMD)

Once your deposit has been affirmed, you'll instantly have access to your funds and you can launch purchasing and trading. To purchase Diamond (DMD) on Binance, you'll want to hover over the ”Exchange” tab and after that mouse click on “Basic”.

In order to find Diamond (DMD), you'll need to insert the cointype (DMD) into the search box, which is highlighted in the graphic. Be certain of having selected the proper pairing, we have marked this too. Click on “DMD/BTC” to go on.

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

As soon as you've spotted Diamond (DMD), you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). For now we are making our own Limit Order.

The ”Price” field will be filled automatically with the most latest rate Diamond (DMD) was sold for. This can be changed to your desired price. The field with the “Amount” tag is the quantity of DMD you want to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you'll settle for the complete quantity of DMD.

When you are glad, click on “Buy DMD”. Your plan will be filled as soon as a Vender trades their DMD for the price you gave.

Step 5 – Withdraw Diamond (DMD)

Unless you're frequently trading, you should never keepyour crypto on an Crypto Exchange for an extended time frame. To withdraw your Diamond (DMD), hover over the ”Funds” tab and mouse click on “Withdraw”. Diamond (DMD) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Diamond (DMD) by using the given drop-down box. Enter the amount of Diamond (DMD) you'd wish to withdraw. Take into account the presented minimus/fees. Also make sure you have filled your precise withdraw address.

When you are glad, click “Submit”. You may be asked for verfication via email/phone before a withdrawal.

Congratulations! You've successfully bought and stored Diamond (DMD).

That's it!

Withdrawals from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (rely on network usage). Once you've confirmed your withdrawal with Ethplorer.io or Etherscan.io and the Diamond (DMD) is stored inside your wallet, you're done.

Some other Guides on How to buy different Altcoins

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How to Buy Verge
How to Buy Altcoins
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