Binance could be considered one of the most innovative trading platforms in the world.
Therefore, the first thing you should to do if you wish to begin trading on it is to discover ways to buy Decred (DCR).
That’s why in this post we will try to give you all the information you should have to buy Decred (DCR) on the Binance crypto exchange.
The only way to begin operating on the Binance platform is subscribing to it.
Easy registration: just follow the detailed instructions listed below.
Search for the "Register" option in the Binance homepage and click on it to start the registration process.
Go directly to Binance by pressing here.
In the Binance main page you’ll see a button labeled "Register with a phone or email". Press it.
The Binance platform is totally compatible with iOS devices as well.
For the purpose of this post, the email address registration process will be explained.
See the inbox of the e-mail address you used for enrollment and search the activation code for your account. Write it in the corresponding box and click on "Send"
You’re now a Binance user!.
It would be a nice idea to browse the different options of the Binance platform and get acquainted to them.
That’s the best way to realize how practical the Binance platform is, and how quick you can start operating with Decred (DCR).
To get access to those options, you must fulfill the identity verification.
Important: No Decred (DCR) trading will be permitted if you skip this safety measure.
No big deal, though. Continue reading through the following section to complete that step.
See the following instructions and become a certified Binance trader:
From the user profile menu, pick "Security"
You can also click on the "Verify" button on the upper part of the navigator window
Click "Identification" on the left menu.
Here you’ll need to choose your country of residence.
Next, the three verification levels:
Click on the "Start now" button below the "Verified" label, for this will be your beginning level.
At this point, some personal data wil be required:
The next step is to corroborate your identity with a legal document.
Use your passport, ID card or even your driver’s license to complete this step.
Follow the system guidance to take a selfie.
The final step is on Binance’s side: a certification process that will take only a short time.
Now you must wait until your application has been accepted. Be patient, Binance is going to let you know via email.
Congrats! As soon as you’ve got the confirmation you’re officially authorized to operate with Decred (DCR). See the guidelines that follow.
First you need to know how to invest your money in Decred (DCR).
Here, the Binance platform will require you to present a legal document for identity checking.
Use your ID card, passport or even your driver’s license to complete this step.
Now the system will ask you to take a selfie following certain instructions.
The last step will be made by the Binance platform: a verification process that will take only a short time.
As soon as your request has been accepted, Binance is going to let you know via email, just be patient.
Congrats! Once you’ve got the confirmation you’re officially authorized to operate with Decred (DCR). The following instructions will be helpful.
In this segment you’ll discover how simple is to buy a Decred (DCR).
You may have more than one option throughout the process
The "Buy cryptos" menu on the Binance main page should be your reference at buying time.
Obviously, you’ll only be able to do this once you are logged in
Hovering your mouse pointer over this button will display a list of alternatives to make your purchase.
The next step is to support your identity using a legal document.
You can do this with your passport, ID card, or driver’s license.
Now the system will require you to take a selfie under certain conditions.
After you have fulfilled the system’s instructions, you’ll have to wait a short time for the confirmation to be performed on your account.
All you need to do is be patient, Binance is going to send you an email when your profile has been approved.
Congratulations! Now you’re officially enabled to buy Decred (DCR). See the guidelines that follow.
Learning how to make a purchase of Decred (DCR) is actually quite easy.
Take into account that you may have more than one option for this process
Browse through the "Buy cryptos" menu on the Binance homepage to find out which options can be found when making a purchase.
Obviously, you’ll only be able to do this if you’re logged in
Placing your mouse pointer over this option will show a list of alternatives to make your purchase.
Choose the credit card-related option from the drop-down menu labeled "Buy Cryptos".
Read on for detailed guidelines:
Currency preferred and amount of the investment should be specified here.
Next, select the Decred (DCR) you are going to purchase
The quantity of Decred (DCR) you’ll be given will depend upon the amount of USD you’ve just stated. The Binance system will immediately display it.
Continue reading for further directions:
Currency preferred and how much you will invest should be indicated in the next box.
In the next field you should pick the Decred (DCR) you’d like to buy
According the amount of USD you’ve recently specified, the platform will immediately show you the number of Decred (DCR) you are going to be given.
Click on "Continue".
If you are going to pay with a credit card, go to the "Visa/Mastercard" field and click on the "Add card" option.
CC data must be completed in this step, then press "Next".
The credit card’s address should be stated next. Try not to mistype a single character, since you’ll need to write it exactly as it is, otherwise your card won’t be approved. Then choose "Add card".
Press "Continue" after you check your card has been successfully added to your account as a new payment method.
Next, you’ll see a snapshot of the operation in its final stage. It includes the amount you will pay, the chosen currency and the quantity of Decred (DCR) you will be given.
It will also state the commission will be charged for the purchase.
Now you have to acknowledge the order clicking on the "Confirm" button within the following 60 seconds, or it will be automatically aborted.
The Binance platform will now send you to the bank issuing the credit card. Proceed exactly as you do when making a payment with your card on the bank website.
Your recently bought Decred (DCR) will be deposited to your Binance e-wallet (called the «Spot Wallet») once the banking process has been finished
Next, you’ll see a snapshot of the operation in its final stage. That includes the amount your card will be charged, the chosen currency and the quantity of Decred (DCR) bought.
Obviously, Binance will charge you a small amount as a commission for supporting the purchase, and it will be shown in that quick view also.
Now you must certify the order clicking on the "Confirm" button within the following 60 seconds, or it will be automatically terminated.
The platform will now redirect you to the bank issuing the credit card. Follow the steps in the same way you would pay with your credit card.
Your recently bought Decred (DCR) will be available in your Binance e-wallet (referred to as the «Spot Wallet») after the banking process is complete
After you finished adding the new payment method to your profile, move to the "Buy Crypto" menu (upper bar of the navigator), select the "Trading P2P" button, and follow the instructions below:
After you have completed a payment to the seller, they will be able to release the Decred (DCR), by confirming receipt of the payment.
The default place where Decred (DCR) are deposited is your account wallet.
Take into account that your Decred (DCR) must be in your Spot Wallet in order for you to purchase others, so you will have to move them there before.
You can do this immediately once the buying order has been completed just by clicking "Transfer to Spot Wallet".
This Decred (DCR) internal transfer can be performed whenever you need.
The trader, upon confirming money reception, will instantly release the Decred (DCR).
You may see your wallet Binance balance to confirm reception.
Take into account that your Decred (DCR) must be in your Spot Wallet in case you would want to purchase others, so you must send them there before.
You can move them immediately right after the purchase order has been completed just by clicking "Transfer to Spot Wallet".
This Decred (DCR) internal transfer can be performed whenever you need.
That’s all! Now you will have funds in the Spot Wallet so you will be able to buy any of the several of Decred (DCR) that the Binance platform has.
Find out how simple is to buy any cryptocurrency from Binance:
With these money already in your Spot Wallet, nothing keeps you from trading any crypto you think will be worthwhile.
To buy Decred (DCR) from Binance what you just have to do is the following:
Depending on the above mentioned information, you are now ready to begin trading on Binance.
Don’t wait any longer and start generating an extra income.
If you wish to make money via cryptocurrencies, you would have to learn how to utilize Kucoin platform. This exchange is yielding great benefits for all its users, in fact it is making a lot more progress in all its tradings.
If you wish to learn very easily how to buy a Decred (DCR) in Kucoin, you should keep on reading this article.
After you’ve created your account into the Kucoin platform and fulfilled the safety requirements, you must deposit your currency. This method is fairly easy, the best part is that there are several options to do so.
One of them is to click to the "Balance" or "Assets" section at the top right from the navigator screen and look for the "Deposit" button. After that, select the Decred (DCR) you wish to put into your account to buy new cryptos, for example, USDT.
Next, you should find the network you will use for the transaction. We all recommend Tron (TRC20) since it takes the lowest commissions.
Next you’ll see the address you must insert in the «Exchange» where you have the USDT you want to send to Kucoin. When you have already done this, you are going to instantly obtain the funds in the main account.
If that does not work in the country you’re currently living, you should try transferring the money to your account via P2P trading. This type of transaction implies that you actually make a bank transfer to any of the documented traders to receive any of the genuine cryptos.
Once you get the money in your account, it’s the perfect time to learn how to interact with the Kucoin website.
Purchasing a Decred (DCR) on Kucoin you need to move the money you’ve just purchased to the trading accounts. To get this done you need to click on the "Balance" menu, click the main account, enter the cryptocurrencies after which choose "Transfer". This last option can be situated on the same line than the currency you are about to use for the purchase.
If that is not working in your country, you can attempt transferring the money to your account via P2P trading. This type of deal signifies that you make a bank transfer to any of the documented traders to get any of the genuine cryptos.
Once you get the funds in your account, it’s time to start interacting the Kucoin platform.
Purchasing a Decred (DCR) on Kucoin you have to send the money you’ve just purchased to the trading accounts. To achieve this you have to go to the «Balance» menu, click on the main account, enter the cryptocurrencies and after that choose "Transfer". This last button can be situated on the same line than the currency you are about to use for the purchase.
After that, you are directed to a window to select where you wish to send the funds. You have to take from the «Main Account» to the "Trading Account", and add the currency and the amount you want to send to operate. Then visit «Confirm».
Once you got the funds in the account, you are ready to buy your crypto and begin trading.
Now we will make clear how to purchase Decred (DCR) in different ways. To start, you need to open up the «Trade» menu and select «Spot trading» (Spot Market). After that type the acronym Decred (DCR) in the search line in the top corner of the page.
The system will reveal the crypto pairs you can operate with.
In short, you‘ll only be able to purchase Decred (DCR) just with the crypto pairs showed there.
With this case, you’re allowed do it with «USDT», «USDC», «KCS», and «BTC».
We select ADA/USDT because we have funds in this set. When we do that, it immediately loads the crypto information and the order book with the buy and sell procedures.
To be able to make the operation, it is necessary to enter the trading password.
At the bottom-right, the markets to trade crypto can be seen, automatically enabling «Spot». There we have 3 options to buy Decred (DCR). Those are the following:
You can also establish the order activation yet process it at the greatest market price. You do this by selecting «Stop Market», and writing in «Stop Price» the amount you desire the Decred (DCR) to arrive to activate the order and the amount of USDT to invest. By clicking on Buy Decred (DCR), your purchase will be executed at the market rate when it is the same as the stop price you have previously put.
With just one of these three alternatives, you already have the Decred (DCR) tokens you’ve just bought in your trading account. From now on you are able to operate with this or you can purchase other cryptos. Remember that with Decred (DCR) you’ll only be authorized to get the cryptos available in their pairs. Frequently you will need to sell the Decred (DCR) for a crypto that commonly appears in the Decred (DCR) pairs, such as BTC, USDT, and BNB, and you can get the particular one that you actually expect.
Now you can start buying a Decred (DCR) using Kucoin.
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