A Step-by-Step-Guide on how to buy DynamicCoin (DMC)
Step 1 – Signup to CEX.io You'll first need to purchase units of the top-tier coins. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Click below to register and getting your Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Trader Your Ethereum or Bitcoin will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. DynamicCoin (DMC) is available 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 have selected the right coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etcetera. In the case you're using a decentralized exchange, such as Airswap or DDEX could be different (Follow our guide).
Step 3 – Locate DynamicCoin (DMC) As soon as your deposit has been affirmed, you will immediately have access to your assets and you can initiate invest and trading. To invest in DynamicCoin (DMC) on Binance, you will want to go to the ”Exchange” tab and then mouse click on “Basic”. To locate DynamicCoin (DMC), you will need to insert the shortname of the coin (DMC) into the search box, which is marked in the picture. Be certain of having choosen the right pairing, we have marked this also. Click on “DMC/BTC” to continue.
Step 4 – Acquisition of DynamicCoin (DMC) As soon as you have located DynamicCoin (DMC), you will be given a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the image). And now we're going to create our own Limit Order. The field with the “Price” tag will be filled automatically with the up-to-date valuation DynamicCoin (DMC) was traded for. This can be changed to your favoured rate. The ”Amount” field is the amount of DMC you want to purchase. The field with the “Total” tag is the total price in Bitcoin that you'll pay for the whole amount of DMC. If you're happy, make a mouse click on “Buy DMC”. Your plan will be filled as soon as a Vendor trades their DMC for the price you submitted.
Step 5 – Withdraw DynamicCoin (DMC) Unless you're frequently trading, never keep your coins on an Exchange for an longer time frame. To withdraw your DynamicCoin (DMC), go to the tab called “Funds” and mouse click on “Withdraw”. DynamicCoin (DMC) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find DynamicCoin (DMC) by using the provided drop-down box. Drop in the quantity of DynamicCoin (DMC) you'd like to withdraw. Don't forget the displayed fees/minimums. Also make sure you have filled your correct withdraw address. When you're satisfied, make a mouse click on “Submit”. You may be asked for verfication via phone/email before a take off.