How to Buy DeFiChain (DFI)

A Step-by-Step-Guide on how to buy DeFiChain (DFI)

Step 1 – Join Coinbase and get 10$ for free

You'll first need to purchase units of the major currencies. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click below for registration and to get your first 10$.

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

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Exchange now. All exchanges have a deposit form that is identical. DeFiChain (DFI) is obtainable on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this how-to)

Make sure you have chosen the precise coin you want to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etcetera. In the case you are using a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our manual).

Step 3 – Find (DFI) DeFiChain

As soon as your deposit has been verified, you will now have access to your assets and you can launch invest and trading. To buy (DFI) DeFiChain on Binance, you will want to go to the “Exchange” tab and then mouse click on “Basic”.

To find (DFI) DeFiChain, you will need to insert the shortname of the coin (DFI) into the search box, which is marked in the picture. Make sure you have choosen the proper pairing, we have marked this too. Click on “DFI/BTC” to continue.

How to buy Coin on Binance 1 DeFiChain (DFI)
Step 4 – Acquisition of (DFI) DeFiChain

Once you have discovered (DFI) DeFiChain, you'll be given a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the image). And now we are creating our own Limit Order.

The “Price” field will be automatically filled with the latest rate DeFiChain (DFI) was traded for. This can be changed to your favoured price. The “Amount” field is the amount of DFI you want to buy. The “Total” field is the whole price in BTC that you'll settle for the whole quantity of DFI.

When you are happy, make a mouse click on “Buy DFI”. Your plan will be filled when a Vender trades their DFI for the price you gave.

Step 5 – Withdraw DeFiChain (DFI)

Unless you are regularly trading, best advise is not to keep crypto on an Cryptocurrency Exchange for an longer time period. To take off your DeFiChain (DFI), hover over the “Funds” tab and click on “Withdraw”. DeFiChain (DFI) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate DeFiChain (DFI) by using the provided drop-down box. Put into the amount of (DFI) DeFiChain you would wish to withdraw. Take into account the presented minimus/fees. Also make sure you have entered your right withdraw address.

If you are happy, click on “Submit”. You may be requested for phone/email verification before a take off.

Congrats! You've successfully bought and safed (DFI) DeFiChain.

That's it!

Take offs from Crypto Exchange can durate anywhere from 1 – 30 minutes (depending on usage of the network). As soon as you have confirmed your take off using Ethplorer.io or Etherscan.io and the (DFI) DeFiChain is safe within your wallet, you're all done.