How to Buy Dowcoin (DOW)

A Step-by-Step-Guide on how to buy Dowcoin (DOW)

Step 1 – Signup to Coinbase and receive 10$ in Bitcoin

In the beginning you'll need to buy one of the top-tier currencies. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Click the button below for registration and to get Bitcoin (BTC) or Ethereum (ETH).

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

Your Bitcoin or Ethereum will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. Dowcoin (DOW) is available on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Crypto Trader? (Follow this manual)

Make sure you've chosen the exact coin you want to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, and so on. If you are using a decentralized exchange, such as Airswap or DDEX could be divergent (Follow these easy steps).

Step 3 – Find (DOW) Dowcoin

Once your deposit has been verified, you will directly have access to your assets and you can start buying and trading. To purchase (DOW) Dowcoin on Binance, you'll want to go to the “Exchange” tab and then mouse click on “Basic”.

To spot (DOW) Dowcoin, you will need to insert the cointype (DOW) into the search-box, which is highlighted in the image. Make sure you have choosen the correct grouping, we've highlighted this too. Click on “DOW/BTC” to go ahead.

How to buy Coin on Binance 1 Dowcoin (DOW)
Step 4 – Acquisition of Dowcoin (DOW)

After you have discovered (DOW) Dowcoin, you'll be given a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the picture). For now we're going to create our own Limit Order.

The field with the “Price” tag will be automatically filled with the latest valuation (DOW) Dowcoin was sold for. This can be changed to your preferred rate. The field with the “Amount” tag is the volumen of DOW you like to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you'll settle for the whole quantity of DOW.

If you're glad, click on “Buy DOW”. Your plan will be filled when a Vendor sells their DOW for the price you submitted.

Step 5 – Withdraw (DOW) Dowcoin

Unless you are frequently trading, best advise is not to keep your crypto coins on an Exchange for an longer time period. To take off your (DOW) Dowcoin, hover over the “Funds” tab and mouse click on “Withdraw”. (DOW) Dowcoin can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Dowcoin (DOW) by using the provided drop-down box. Put into the quantity of Dowcoin (DOW) you would like to take off. Don't forget the presented fees/minimums. Also make sure you have entered your right withdraw address.

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

Congratulations! You've successfully bought and safed (DOW) Dowcoin.

That's it!

Withdrawals from Exchange can take between 1 – 30 minutes (rely on usage of the network). Once you've proved your withdrawal using Etherscan.io or Ethplorer.io and the (DOW) Dowcoin is safe within your wallet, you are done.