A Step-by-Step-Guide on how to buy Dragonchain (DRGN)
Step 1 – Signup to CEX.io You will first need to buy units of the major currencies. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Follow the Link below to register and getting your Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Send Your Ethereum or Bitcoin to an Cryptocurrency Exchange Your Bitcoin or Ethereum will need to be sent over to an Exchange now. All exchanges have a deposit form that is identical. Dragonchain (DRGN) is accessible on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Crypto Trader? (Just follow these easy steps) Make sure you've selected the correct coin you want to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. If you are dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our how-to).
Step 3 – Find Dragonchain (DRGN) Once your deposit has been approved, you will immediately have access to your finances and you can launch purchasing and trading. To purchase Dragonchain (DRGN) on Binance, you will want to hover over the tab which is called “Exchange” and then click on “Basic”. To find Dragonchain (DRGN), you will need to put the cointype (DRGN) into the search box, which is highlighted in the picture. Make sure you have choosen the right pairing, we have marked this too. Click on “DRGN/BTC” to go ahead.
Step 4 – Purchase Dragonchain (DRGN) After you have discovered Dragonchain (DRGN), you'll be given a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the image). For now we're going to make our own Limit Order. The ”Price” field will be automatically filled with the most up-to-date price Dragonchain (DRGN) was traded for. This can be changed to your desired rate. The field with the “Amount” tag is the volumen of DRGN you wish to purchase. The field with the “Total” tag is the whole price in BTC that you will pay for the complete amount of DRGN. If you are satisfied, make a mouse click on “Buy DRGN”. Your order will be filled as soon as a Vendor sells their DRGN for the price you introduced.
Step 5 – Withdraw Dragonchain (DRGN) Unless you are regularly trading, best advise is not to keep coins on an Exchange for an extensive period of time. In order to take off your Dragonchain (DRGN), go to the ”Funds” tab and mouse click on “Withdraw”. Dragonchain (DRGN) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Dragonchain (DRGN) by using the given drop-down box. Drop in the quantity of Dragonchain (DRGN) you'd like to withdraw. Don't forget the shown fees/minimums. Also make sure you have entered your correct withdraw address. If you are glad, click on “Submit”. You could be requested for email/phone verification ahead of a withdrawal.