How to Buy Dfinity [IOU] (DFN)

A Step-by-Step-Guide on how to buy Dfinity [IOU] (DFN)

Step 1 – Join Coinbase and receive 10$ in Bitcoin

In the beginning you'll need to buy units of the bigger currencies. Exchanges commonly accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Click below for registration and getting Ethereum or Bitcoin.

Binance Signup
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Cryptocurrency Exchange

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. Dfinity [IOU] (DFN) is accessible on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Trader? (Just follow this how-to)

Make sure you've selected the right coin you would like to deposit.

BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etc. If you are working with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow these easy steps).

Step 3 – Find (DFN) Dfinity [IOU]

Once your deposit has been verified, you'll instantly have access to your assets and you can begin purchasing and trading. To buy (DFN) Dfinity [IOU] on Binance, you will want to hover over the tab which is called “Exchange” and after that click on “Basic”.

In order to spot Dfinity [IOU] (DFN), you'll need to insert the short name of the asset (DFN) into the search-box, which is highlighted in the graphic. Make sure you have choosen the proper pairing, we have highlighted this too. Click on “DFN/BTC” to continue.

Binance How To Buy 1 Dfinity [IOU] (DFN)
Step 4 – Buy (DFN) Dfinity [IOU]

Once you have found Dfinity [IOU] (DFN), you'll be given a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). And now we are going to create our Limit Order.

The “Price” field will be filled with the most up-to-date valuation Dfinity [IOU] (DFN) was traded for. You can change this to your desired rate. The field with the “Amount” tag is the volumen of DFN you wish to purchase. The field with the “Total” tag is the total price in Bitcoin that you'll pay for the complete volumen of DFN.

When you're satisfied, click on “Buy DFN”. Your order will be filled when a Vendor sells their DFN for the price you submitted.

Step 5 – Withdraw (DFN) Dfinity [IOU]

Unless you are trading, best advise is not to keep your crypto coins on an Crypto Exchange for an longer time frame. In order to take off your (DFN) Dfinity [IOU], hover over the tab called “Funds” and click on “Withdraw”. Dfinity [IOU] (DFN) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find (DFN) Dfinity [IOU] by using the given drop-down box. Drop in the quantity of Dfinity [IOU] (DFN) you'd wish to withdraw. Don't forget the displayed fees/minimums. Also make sure you have filled your correct withdraw address.

When you're glad, click on “Submit”. You could be requested for verfication via email/phone before a withdrawal.

Kudos! You've successfully bought and stored (DFN) Dfinity [IOU].

That's it!

Withdrawals from Exchange can durate between 1 – 30 minutes (rely on network usage). As soon as you've confirmed your withdrawal with Ethplorer.io or Etherscan.io and the Dfinity [IOU] (DFN) is safe within your wallet, you are finished.