How to Buy Decred (DCR)

A Step-by-Step-Guide on how to buy Decred (DCR)

Step 1 – Signup to Coinbase and get 10$ for free

You'll first need to buy one of the major coins. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click the button below for registration and getting your first $10.

Binance Signup
Step 2 – Transfer Your Bitcoin or Ethereum to an Crypto Trader

Your Bitcoin or Ethereum will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is identical. Decred (DCR) is obtainable on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Crypto Exchange? (Just follow this guide)

Make sure you have chosen the correct coin you wish to deposit.

Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etc. If you are dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our manual).

Step 3 – Locate Decred (DCR)

Once your deposit has been confirmed, you will immediately have access to your funds and you can begin purchasing and trading. To purchase (DCR) Decred on Binance, you will want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”.

In order to spot Decred (DCR), you will need to put the short name of the asset (DCR) into the search-box, which is highlighted in the picture. Make sure you have selected the correct pairing, we've marked this also. Click on “DCR/BTC” to go on.

How to buy Coin on Binance 1 Decred (DCR)
Step 4 – Purchase Decred (DCR)

As soon as you have discovered Decred (DCR), you'll be presented with a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the image). And now we are going to make our own Limit Order.

The “Price” field will be filled automatically with the up-to-date valuation Decred (DCR) was traded for. This can be changed to your preferred price. The “Amount” field is the amount of DCR you wish to purchase. The field with the “Total” tag is the whole price in Bitcoin that you will settle for the complete quantity of DCR.

When you are satisfied, make a mouse click on “Buy DCR”. Your order will be filled as soon as a Seller trades their DCR for the price you offered.

Step 5 – Withdraw Decred (DCR)

Unless you're regularly trading, never keep your crypto coins on an Cryptocurrency Exchange for an extensive time frame. To take off your (DCR) Decred, go to the tab called “Funds” and click on “Withdraw”. Decred (DCR) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (DCR) Decred by using the given drop-down box. Put into the quantity of (DCR) Decred you would like to withdraw. Don't forget the displayed fees/minimums. Also make sure you have entered your precise withdraw address.

If you're glad, make a mouse click on “Submit”. You may be requested for email/phone verification ahead of a take off.

Congrats! You've successfully bought and stored Decred (DCR).

That's it!

Withdrawals from Cryptocurrency Exchange can durate between 1 – 30 minutes (rely on usage of the network). As soon as you've proved your withdrawal using Etherscan.io or Ethplorer.io and the (DCR) Decred is safe inside your wallet, you're done.