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 Bitcoin or Ethereum to an Exchange Your Bitcoin or Ethereum has to be sent over to an Exchange now. All exchanges have a deposit form that is alike. Dragonchain (DRGN) is available on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Exchange? (Just follow this how-to) Make sure you have selected the right coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etcetera. In the case you are using a decentralized exchange, such as Airswap or DDEX could be different (Just follow our manual).
Step 3 – Locate Dragonchain (DRGN) As soon as your deposit has been affirmed, you will immediately have access to your funds and you can commence invest and trading. To invest in Dragonchain (DRGN) on Binance, you will want to hover over the tab which is called “Exchange” and after that click on “Basic”. In order to discover Dragonchain (DRGN), you will need to insert the shortname of the coin (DRGN) into the search-box, which is highlighted in the picture. Be certain of having selected the right grouping, we've highlighted this too. Click on “DRGN/BTC” to proceed.
Step 4 – Buy Dragonchain (DRGN) After you have found Dragonchain (DRGN), you will be presented with a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). For now we are going to create our own Limit Order. The field with the “Price” tag will be automatically filled with the recent price Dragonchain (DRGN) was traded for. This can be changed to your favoured rate. The ”Amount” field is the amount of DRGN you want to purchase. The ”Total” field is the aggregated price in BTC that you will settle for the complete amount of DRGN. When you are glad, make a mouse click on “Buy DRGN”. Your plan will be filled when a Vendor trades their DRGN for the price you introduced.
Step 5 – Withdraw Dragonchain (DRGN) Unless you are frequently trading, best advise is not to keep your crypto on an Crypto Exchange for an extended period of time. To take off your Dragonchain (DRGN), hover over the tab called “Funds” and click on “Withdraw”. Dragonchain (DRGN) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Dragonchain (DRGN) by using the given drop-down box. Drop in the amount of Dragonchain (DRGN) you'd like to take off. Don't forget the demonstrated minimus/fees. Also make sure you have entered your correct withdraw address. When you are satisfied, click “Submit”. You could be asked for verfication via email/phone before a withdrawal.