DCR can be bought on several crypto exchanges. However, just like most of the other cryptos, you will have to trade your FIAT ($) to a cryptocurrency before moving on to the crypto exchange of your choice. We will be guiding you through the whole journey on how to buy and store DCR.

Coinbase is one of the largest and most secure FIAT-to-crypto exchanges in the world. And this is where most people in fact start their crypto journey. Coinbase is as of writing this article offering 240 different cryptocurrencies but we are going to focus on buying Tether (USDT) today. Click the button below and sign up to get a bonus of $10 in BTC when you buy $100 worth of any cryptocurrency.

MEXC

Founded in 2018, MEXC Global is a centralized exchange that employs a high-performance mega-transaction matching technology. The MEXC platform is run by a team of professionals with extensive financial industries and blockchain technology experience. Currently, MEXC Global has around 5 million users in more than 70 countries around the world. This achievement is a significant milestone, and the platform aims to become a go-to platform for new and experienced investors as they move forward.

Note: MEXC does allow US citizens to register and use their services.

Activate 2FA and verify identity

Once you have created a new account on MEXC by following similar steps as we did on Coinbase you will be prompted to activate 2-factor authentication (2FA).

It has become an industry-standard so I would highly suggest activating 2FA on any site that you want extra protection on.

You might also be required to verify your identity to be able to trade. This entirely depends on the exchange policies and your local regulations. The verification is very straightforward and should not take more than 30 minutes to possibly a few days depending on MEXC. Once the verification is done you will have higher limits and access to everything you need.

Step 4: Deposit USDT to MEXC Find USDT in your wallet

It’s time to head over to the wallet and deposit your newly bought USDT. Click on “Account” under the “Assets” tab.

Find or search for USDT and click “Deposit”. This will bring you to the deposit page.

If this is your first time making a cryptocurrency transfer this page might feel a little scary. But there is absolutely nothing to worry about if you read and do everything carefully (just as with your bank account).

First of all, make sure that the “Coin” field is the same as the coin you will be depositing. In this case, we will be depositing USDT. The network should be “BTC” if you are depositing Bitcoin. “ETH” if you are depositing Ethereum and “BSC (BEP20)” if you are depositing USDT.

Next up is the actual address to your wallet, which basically looks like an alphabet and number soup. This is the unique public address where your USDT will be stored on MEXC. Click on the “Click to generate the address” button and then the two overlapping papers to copy the address.

Note: If you feel unsure about what you are doing, make sure to check out MEXC FAQ section for answers.

Deposit USDT from Coinbase

Head over back to Coinbase and click on the “Send/Recieve” button in the top right corner.

Paste your address under the “To” field. Also, make sure to double-check that the address on MEXC and the address you just paste are the same. Because there is some malware out there that can alter the pasted address. What that means is that if the address does not match you are basically sending your precious USDT to someone else’s wallet. This is something we really do not want to happen!

Once you have double-checked the address you can enter how much USDT you want to send and a message (if you want to). Then go ahead and click on the “Continue” button.

You should receive a confirmation email within a minute. Click the link inside of that email to confirm the transfer you just submitted. Your USDT is now on its way to MEXC.

The transfer often only takes a few minutes, but can sometimes take a few hours at worst. It all depends on how congested the USDT blockchain is. You will get a confirmation email from MEXC once the USDT has been deposited into your account.

It’s now the best time to buy DCR. So let’s jump right into step 5!

Step 5: Trade the USDT for DCR Find the DCR/USDT pair

Alright, let’s buy some DCR. Start by clicking on the “Market” button at the top, after that type DCR in the search field.

Click on “BTC” if you bought BTC, “ETH” if you bought ETH, and “USDT” if you bought USDT. After that you should see the DCR/USDT pair. Click on the “Trade” button.

Buy DCR

This screen contains a lot of information and might be a little scary to some. But we will walk you through what you need to know.

The order book. This contains all the “Limit” orders that users of MEXC have placed. Market Trades. This displays the latest trades made. The “Market” buy button. This button tells MEXC that you want to place an order for the amount of USDT filled out in the “Total” field. A market buy will try to fill your order at any cost, so be careful if you are trying to trade a lot.

Once you have filled out the total amount of USDT you want to trade for DCR, click that “Buy” button.

If the order went through you are now an owner of DCR. Congratulations!

Binance

With its jaw-dropping $2 billion daily trading volume and 1.4 million transactions per second, Binance is as of writing this guide the largest cryptocurrency exchange in the world. They offer a TON of different coins and tokens to be traded on their platform and are my personal go-to exchange. One of those coins is in fact DCR. Use the button below to register your new account.

Note: Binance does not allow US citizens to register and use their services. So if you are from the US make sure to check out the other exchanges that we have listed at Step 3.

Activate 2FA and verify identity

Once you have created a new account on Binance by following similar steps as we did on Coinbase you will be prompted to activate 2-factor authentication (2FA).

It has become an industry-standard so I would highly suggest activating 2FA on any site that you want extra protection on.

You might also be required to verify your identity to be able to trade. This entirely depends on the exchange policies and your local regulations. The verification is very straightforward and should not take more than 30 minutes to possibly a few days depending on Binance. Once the verification is done you will have higher limits and access to everything you need.

Step 4: Deposit USDT to Binance Find USDT in your wallet

It’s time to head over to the wallet and deposit your newly bought USDT. Click on “Fiat and Spot” under the “Wallet” tab.

Find or search for USDT and click “Deposit”. This will bring you to the deposit page.

If this is your first time making a cryptocurrency transfer this page might feel a little scary. But there is absolutely nothing to worry about if you read and do everything carefully (just as with your bank account).

First of all, make sure that the “Coin” field is the same as the coin you will be depositing. In this case, we will be depositing USDT. The network should be “BTC” if you are depositing Bitcoin. “ETH” if you are depositing Ethereum and “BSC (BEP20)” if you are depositing USDT.

Next up is the actual address to your wallet, which basically looks like an alphabet and number soup. This is the unique public address where your USDT will be stored on Binance. Click on the two overlapping papers to copy the address.

Note: If you feel unsure about what you are doing, make sure to check out Binance FAQ section for answers.

Deposit USDT from Coinbase

Head over back to Coinbase and click on the “Send/Recieve” button in the top right corner.

Paste your address under the “To” field. Also, make sure to double-check that the address on Binance and the address you just paste are the same. Because there is some malware out there that can alter the pasted address. What that means is that if the address does not match you are basically sending your precious USDT to someone else’s wallet. This is something we really do not want to happen!

Once you have double-checked the address you can enter how much USDT you want to send and a message (if you want to). Then go ahead and click on the “Continue” button.

You should receive a confirmation email within a minute. Click the link inside of that email to confirm the transfer you just submitted. Your USDT is now on their way to Binance.

The transfer often only takes a few minutes, but can sometimes take a few hours at worst. It all depends on how congested the USDT blockchain is. You will get a confirmation email from Binance once the USDT has been deposited into your account.

It’s now the best time to buy DCR. So let’s jump right into step 5!

Step 5: Trade the USDT for DCR Find the DCR/USDT pair

Alright, let’s buy some DCR. Start by clicking on the “Market” button at the top, after that type DCR in the search field.

Click on “BTC Markets” if you bought BTC, “ALTS Market” if you bought ETH, and “FIAT Markets” if you bought USDT. After that you should see the DCR/USDT pair. Click on the “Trade” button.

Buy DCR

This screen contains a lot of information and might be a little scary to some. But we will walk you through what you need to know.

The order book. This contains all the “Limit” orders that users of Binance have placed. Market Trades. This displays the latest trades made. The “Market” buy button. This button tells Binance that you want to place an order for the amount of USDT filled out in the “Total” field. A market buy will try to fill your order at any cost, so be careful if you are trying to trade a lot.

Once you have filled out the total amount of USDT you want to trade for DCR, click that “Buy” button.

If the order went through you are now a owner of DCR. Congratulations!

WazirX

WazirX is India’s largest crypto exchange. Started in 2018, WazirX has grown to be the most trusted exchange in the Indian crypto market. It is a part of Binance group, which is the world’s largest crypto exchange, serving users in 180 countries.

With a volume of $5.4 billion per month, and growing at an exponential pace, WazirX is seeing a steep rise in the number of new users as well as trading activity. With 6 million registered users, WazirX’s growth has just started.

Note: WazirX does allow US citizens to register and use their services.

Activate 2FA and verify identity

Once you have created a new account on WazirX by following similar steps as we did on Coinbase you will be prompted to activate 2-factor authentication (2FA).

It has become an industry-standard so I would highly suggest activating 2FA on any site that you want extra protection on.

You might also be required to verify your identity to be able to trade. This entirely depends on the exchange policies and your local regulations. The verification is very straightforward and should not take more than 30 minutes to possibly a few days depending on WazirX. Once the verification is done you will have higher limits and access to everything you need.

Step 4: Deposit USDT to WazirX Find USDT in your wallet

It’s time to head over to the wallet and deposit your newly bought USDT. Click on the “My Assets” button under the “Assets Management” tab.

Find or search for USDT and click “Deposit”. This will bring you to the deposit page.

If this is your first time making a cryptocurrency transfer this page might feel a little scary. But there is absolutely nothing to worry about if you read and do everything carefully (just as with your bank account).

First of all, make sure that the “Coin” field is the same as the coin you will be depositing. In this case, we will be depositing USDT. The network should be “BTC” if you are depositing Bitcoin. “ETH” if you are depositing Ethereum and “BSC (BEP20)” if you are depositing USDT.

Next up is the actual address to your wallet, which basically looks like an alphabet and number soup. This is the unique public address where your USDT will be stored on WazirX. Click on the two overlapping papers to copy the address.

Note: If you feel unsure about what you are doing, make sure to check out WazirX FAQ section for answers.

Deposit USDT from Coinbase

Head over back to Coinbase and click on the “Send/Recieve” button in the top right corner.

Paste your address under the “To” field. Also, make sure to double-check that the address on WazirX and the address you just paste are the same. Because there is some malware out there that can alter the pasted address. What that means is that if the address does not match you are basically sending your precious USDT to someone else’s wallet. This is something we really do not want to happen!

Once you have double-checked the address you can enter how much USDT you want to send and a message (if you want to). Then go ahead and click on the “Continue” button.

You should receive a confirmation email within a minute. Click the link inside of that email to confirm the transfer you just submitted. Your USDT is now on their way to WazirX.

The transfer often only takes a few minutes, but can sometimes take a few hours at worst. It all depends on how congested the USDT blockchain is. You will get a confirmation email from WazirX once the USDT has been deposited into your account.

It’s now the best time to buy DCR. So let’s jump right into step 5!

Step 5: Trade the USDT for DCR Find the DCR/USDT pair

Alright, let’s buy some DCR. Start by clicking on the “Exchange” button at the top, after that type DCR in the search field.

Click on “BTC” if you bought BTC, “ETH” if you bought ETH, and “USDT” if you bought USDT. After that you should see the DCR/USDT pair. Click on DCR.

Buy DCR

This screen contains a lot of information and might be a little scary to some. But we will walk you through what you need to know.

The order book. This contains all the “Limit” orders that users of WazirX has placed. Market Trades. This displays the latest trades made.

Once you have filled out the total amount of USDT you want to trade for DCR, click that “Buy” button.

If the order went through you are now an owner of DCR. Congratulations!

Hotbit

According to CoinMarketCap, Hotbit had listed 1559 trading pairs in total and was ranked No. 1 among all exchanges regarding the number of types of cryptocurrency projects listed. Hotbit has accumulated 1,000,000+ registered users from more than 170 countries and areas all over the world, among which 90% of registered users are non-Chinese users.

Hotbit started to distribute current deposit interests for its users, which means that Hotbit was the first cryptocurrency exchange in the world to offer daily current deposit interests to its users with no token lockup or freeze required.

Note: Hotbit does not allow US citizens to register and use their services. So if you are from the US make sure to check out the other exchanges that we have listed at Step 3.

Activate 2FA and verify identity

Once you have created a new account on Hotbit by following similar steps as we did on Coinbase you will be prompted to activate 2-factor authentication (2FA).

It has become an industry-standard so I would highly suggest activating 2FA on any site that you want extra protection on.

You might also be required to verify your identity to be able to trade. This entirely depends on the exchange policies and your local regulations. The verification is very straightforward and should not take more than 30 minutes to possibly a few days depending on Hotbit. Once the verification is done you will have higher limits and access to everything you need.

Step 4: Deposit USDT to Hotbit Find USDT in your wallet

It’s time to head over to the wallet and deposit your newly bought USDT. Click on the “My fund” button under the “Wallet” tab.

Find or search for USDT and click “Deposit”. This will bring you to the deposit page.

If this is your first time making a cryptocurrency transfer this page might feel a little scary. But there is absolutely nothing to worry about if you read and do everything carefully (just as with your bank account).

First of all, make sure that the “Coin” field is the same as the coin you will be depositing. In this case, we will be depositing USDT. The network should be “BTC” if you are depositing Bitcoin. “ETH” if you are depositing Ethereum and “BSC (BEP20)” if you are depositing USDT.

Next up is the actual address to your wallet, which basically looks like an alphabet and number soup. This is the unique public address where your USDT will be stored on Hotbit. Click on the two overlapping papers to copy the address.

Note: If you feel unsure about what you are doing, make sure to check out Hotbit FAQ section for answers.

Deposit USDT from Coinbase

Head over back to Coinbase and click on the “Send/Recieve” button in the top right corner.

Paste your address under the “To” field. Also, make sure to double-check that the address on Hotbit and the address you just paste are the same. Because there is some malware out there that can alter the pasted address. What that means is that if the address does not match you are basically sending your precious USDT to someone else’s wallet. This is something we really do not want to happen!

Once you have double-checked the address you can enter how much USDT you want to send and a message (if you want to). Then go ahead and click on the “Continue” button.

You should receive a confirmation email within a minute. Click the link inside of that email to confirm the transfer you just submitted. Your USDT is now on their way to Hotbit.

The transfer often only takes a few minutes, but can sometimes take a few hours at worst. It all depends on how congested the USDT blockchain is. You will get a confirmation email from Hotbit once the USDT has been deposited into your account.

It’s now the best time to buy DCR. So let’s jump right into step 5!

Step 5: Trade the USDT for DCR Find the DCR/USDT pair

Alright, let’s buy some DCR. Start by clicking on the “Markets” button at the top, after that type DCR in the search field. Then click on the “Global” button.

After that you should see the DCR/USDT pair. Click on that pair.

Buy DCR

This screen contains a lot of information and might be a little scary to some. But we will walk you through what you need to know.

The order book. This contains all the “Limit” orders that users of Hotbit have placed. Market Trades. This displays the latest trades made. The “Market” buy button. This button tells Hotbit that you want to place an order for the amount of USDT filled out in the “Total” field. A market buy will try to fill your order at any cost, so be careful if you are trying to trade a lot.

Once you have filled out the total amount of USDT you want to trade for DCR, click that “Buy” button.

If the order went through you are now an owner of DCR. Congratulations!

Gate

As one of the earliest and largest cryptocurrency exchanges, Gate.io always complies strictly with regulations and has never allowed for market manipulation. We are continuously committed to being open, transparent, and cooperative.

Note: Gate does allow US citizens to register and use their services.

Activate 2FA and verify identity

Once you have created a new account on Gate by following similar steps as we did on Coinbase you will be prompted to activate 2-factor authentication (2FA).

It has become an industry-standard so I would highly suggest activating 2FA on any site that you want extra protection on.

You might also be required to verify your identity to be able to trade. This entirely depends on the exchange policies and your local regulations. The verification is very straightforward and should not take more than 30 minutes to possibly a few days depending on Gate. Once the verification is done you will have higher limits and access to everything you need.

Step 4: Deposit USDT to Gate Find USDT in your wallet

It’s time to head over to the wallet and deposit your newly bought USDT. Click on the “Spot Account” button under the “Wallet” tab.

Click on the “Hide assets with a zero balance” button then find or search for USDT and click “Deposit”. This will bring you to the deposit page.

If this is your first time making a cryptocurrency transfer this page might feel a little scary. But there is absolutely nothing to worry about if you read and do everything carefully (just as with your bank account).

First of all, make sure that the “Coin” field is the same as the coin you will be depositing. In this case, we will be depositing USDT. The network should be “BTC” if you are depositing Bitcoin. “ETH” if you are depositing Ethereum and “BSC (BEP20)” if you are depositing USDT.

Next up is the actual address to your wallet, which basically looks like an alphabet and number soup. This is the unique public address where your USDT will be stored on Gate. Click on the copy button.

Note: If you feel unsure about what you are doing, make sure to check out Gate FAQ section for answers.

Deposit USDT from Coinbase

Head over back to Coinbase and click on the “Send/Recieve” button in the top right corner.

Paste your address under the “To” field. Also, make sure to double-check that the address on Gate and the address you just paste are the same. Because there is some malware out there that can alter the pasted address. What that means is that if the address does not match you are basically sending your precious USDT to someone else’s wallet. This is something we really do not want to happen!

Once you have double-checked the address you can enter how much USDT you want to send and a message (if you want to). Then go ahead and click on the “Continue” button.

You should receive a confirmation email within a minute. Click the link inside of that email to confirm the transfer you just submitted. Your USDT is now on their way to Gate.

The transfer often only takes a few minutes, but can sometimes take a few hours at worst. It all depends on how congested the USDT blockchain is. You will get a confirmation email from Gate once the USDT has been deposited into your account.

It’s now the best time to buy DCR. So let’s jump right into step 5!

Step 5: Trade the USDT for DCR Find the DCR/USDT pair

Alright, let’s buy some DCR. Start by clicking on the “Markets” button at the top, after that type DCR in the search field.

Click on “BTC Markets” if you bought BTC, “ETH” if you bought ETH, and “USDT” if you bought USDT. After that you should see the DCR/USDT pair. Click on that pair.

Buy DCR

This screen contains a lot of information and might be a little scary to some. But we will walk you through what you need to know.

The order book. This contains all the “Limit” orders that users of Gate has placed. Market Trades. This displays the latest trades made.

Once you have filled out the total amount of USDT you want to trade for DCR, click that “Buy” button.

If the order went through you are now an owner of DCR. Congratulations!

Ledger was launched in 2014 by 8 people that have expertise in security, cryptocurrencies, and entrepreneurship. And now in the current year of 2021, they are the leading provider of “hardware wallets” in the world.

If you are planning to hold your DCR for a long time it is recommended to buy a “hardware wallet” to store the coins in. After all, a cold wallet is the most secure way to store DCR.

The cold wallets Ledger is selling currently goes for $50 to $150 depending on which one you are looking to buy. The general consensus is that if you own over $100 of crypto you should get a cold wallet as well.

Note: One thing to keep in mind when handling cryptocurrencies is that you basically become your own bank. So make wise decisions and keep your portfolio safe!

NordVPN is one of the leading VPN providers. They offer a secure and 100% anonymous VPN service. The amount of servers they have is astounding, as of writing this guide they have servers in at least 59 countries.

It is very important to stay anonymous while trading DCR, as you never know who is watching what you are doing. NordVPN can also be used for numerous other use cases such as streaming shows from a country you’re currently not in.

They are often running an offer on their website so make sure to take advantage of that whenever they do!

CryptoTrader.Tax is a tax software built to save you time and maximize your refund. It is super easy to use and will save you hours of work, especially if you are a “day trader”. They support a TON of exchanges and will help you from landing on the government’s naughty list.

You can sign up and test CryptoTrader.Tax for free, however, you will need to pay to get the results. So check it out if you want to streamline your crypto taxes!

Crypto Ultimatum is a training program that will teach you everything you need to know to start trading cryptocurrencies. This program will also teach you how to make sweet profits on your trades.

The creators of this training have been in the market for at least 5 years, so they have a ton of experience!

It is not possible to buy DCR directly with cash. However, BTC can be bought with cash and then traded to DCR by using the altcoin exchanges we listed in step 3. Let’s find out how!

LocalBitcoins is a trading platform where people from your local area will buy from you and sell to you. The amount of bitcoins/cash you will get from LocalBitcoins is a bit lower than from regular exchanges. However, it is the price you have to pay if you want to use cash.

Find a seller/buyer and do your due diligence to find out if they are trustworthy. Once you feel comfortable go ahead and contact them. Congratulations, you just bought/sold your first Bitcoin by using cash!

Yes, Europe is one of the easiest places to buy crypto in. In fact, some of the countries in Europe even have 0% tax on cryptocurrencies and some even offer their citizens to pay their taxes with crypto. The easiest way to buy crypto in Europe is to use Coinbase as we explained at the start of this guide.

Just an animation I made

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