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Buy Decred (DCR)

 

Decred is an autonomous decentralized cryptocurrency built on an open source blockchain platform. It is supported by Windows, macOS, and Linux. Easy-to-use wallet apps enable sending, receiving, and mining Decred with just a few clicks. The stakeholders of Decred have equal voting rights and decisions for the development of the platform are taken by a vote.

 

As far as we are aware, currently Decred cannot be used as payment for goods or services, but can be used as an investment and has a fairly decent trading volume. In case you want to buy some Decred, this is what to do:

 

 

How to buy Decred

 

 

1. Buy Decred with another cryptocurrency. If you have some Bitcoin or Ether, you can buy Decred on an exchange that offers it. If, however, you do not have those cryptocurrencies, you can head to Coinbase to get some. This exchange is large and regulated with a New York bit license and offers its services in more than 30 countries across the world. The biggest advantage of Coinbase is that you can buy Bitcoin or Ether almost instantly with a credit or a debit card. The fee is fairly high – 4%, but speed and convenience come at a price. There are other funding methods as well: bank transfer and PayPal (in some countries).

 

 

>>Buy Bitcoin at Coinbase<<

 

 

2. Open an account at a cryptocurrency exchange that offers Decred. There are not many of them, but a few have it in their instrument list: Bittrex, Upbit, Poloniex, Cryptopia, Bleutrade, YoBit and Tux Exchange.

 

3. Once your account is all set up, you can transfer your Bitcoin or Ether from Coinbase to the exchange of your choice and buy Decred.

 

You can also buy Decred with fiat currency. This option is much simpler and straightforward, but not easily available. The only cryptocurrency exchange that offers it is LiteBit. There you can buy Decred for EUR.

 

After you get your Decred coins, it is best and safest to transfer them in your own e-wallet, instead of keeping them on-exchange. The cryptocurrency exchanges sometimes get hacked and the client funds get stolen. The most recent example is the Japanese exchange Coincheck from which hackers stole $530 million of client funds. Getting your money back is often slow and entirely up to the good will of the exchange. Most often than not, it is not able to refund its clients in full.

 

You can keep the Decred coins in a web wallet provided by Decred, but, as we said storing coins online is not very safe. Alternatively, you can download the Decredition wallet.

 

Theoretically, you could speculate on the price of Decred without actually owning any of those coins. This would be possible with CFDs on Decred. Usually such instruments are offered by the forex brokerages and in fact many of the large properly regulated companies are offering CFDs on cryptocurrencies for leveraged trading. However, no broker offers CFDs on Decred, so this only remains a theoretical option.  

 

Forex

Buy Decred (DCR)

Broker Country Deposit Fees Trading Fees Review
USA Approx. 1.8% - Review
USA Crypto only, free 0.25% Review
USA Crypto only, free 0.25% Review
New Zealand No info 0.20% Review
Netherlands SEPA: €0.61 GiroPay: 2.5% No info Review
Canada Crypto only 0.3% taker Review
Brazil Crypto only 0.25% Review
Unknown Up to 6% 0.20% Review
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