How to Buy Dfinity [IOU] (DFN)

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

Step 1 – Signup to Coinbase and recieve 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 Altcoins. Click below to register and to get your first 10 Dollar.

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

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Exchange now. Every exchange has a deposit form that is alike. Dfinity [IOU] (DFN) is accessible on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Exchange? (Just follow this how-to)

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

Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, and so forth. If you're working with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our how-to).

Step 3 – Find Dfinity [IOU] (DFN)

As soon as your deposit has been confirmed, you'll directly have access to your finances and you can initiate buying and trading. To purchase (DFN) Dfinity [IOU] on Binance, you will want to go to the “Exchange” tab and after that mouse click on “Basic”.

In order to discover (DFN) Dfinity [IOU], you'll need to put the cointype (DFN) into the search-box, which is marked in the image. Make sure you have selected the correct grouping, we have highlighted this also. Click on “DFN/BTC” to proceed.

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

After you've located Dfinity [IOU] (DFN), you'll be given a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the image). Next we're going to make our Limit Order.

The “Price” field will be filled automatically with the recent rate Dfinity [IOU] (DFN) was sold for. You can change this to your preferred price. The “Amount” field is the amount of DFN you want to buy. The “Total” field is the total price in Bitcoin that you'll settle for the complete volumen of DFN.

When you are glad, make a mouse click on “Buy DFN”. Your order will be filled as soon as a Vendor trades their DFN for the price you introduced.

Step 5 – Withdraw (DFN) Dfinity [IOU]

Unless you are regularly trading, you should never keepyour crypto on an Crypto Exchange for an extensive period of time. To take off your (DFN) Dfinity [IOU], hover over the tab called “Funds” and click on “Withdraw”. (DFN) Dfinity [IOU] can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find Dfinity [IOU] (DFN) by using the given drop-down box. Enter the quantity of Dfinity [IOU] (DFN) you would wish to withdraw. Take into account the displayed minimus/fees. Also make sure you have filled your right withdraw address.

When you're satisfied, click on “Submit”. You could be requested for verfication via email/phone ahead of a take off.

Kudos! You have successfully purchased and stored (DFN) Dfinity [IOU].

That's it!

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