how to buy Decred coin

How to Buy Decred Right Now

In this article, we will show you how to buy Decred easily. By the end of this article you would learn how to buy DCR with USD, BTC or ETH. Keep reading.

Table of Contents:

  1. What is Decred? Our review
  2. Current prices
  3. Where to buy DCR
  4. How to safely store DCR
  5. Frequently asked questions

Current Decred Price Stats

DCR Price $124.0700 USD
Price Change24h $-6.3600 USD (-4.88%)
24h Low / 24h High $123.1530 / $134.0200 USD
Trading Volume24h $26,886 USD
MarketCap $1,617,456,512 USD

What is Decred? A Review

Decred is an open, progressive, and self-funding cryptocurrency with a system of community-based governance integrated into its blockchain. At its core is a hybridized proof-of-work proof-of-stake (PoW/PoS) consensus system that aims to strike a balance between PoW miners and PoS voters to create a more robust notion of consensus. The project is a result of the theoretical proposals brought by proof-of-activity (PoA) and MC2 in 2013. Decred development started in April, 2014 with a single developer and expanded to include developers from btcsuite shortly thereafter.Decred is built in the spirit of open participation and we have provided below a full disclosure of the technical features of the system, wallets and mining, initial funding and distribution, project governance and development, and a group contribution timeline.Decred opted for a different funding model in an attempt to shift the risk carried by supporters to the developers of the project. Instead of asking interested parties to fund the development of the software, the developers decided to pool funds together and carry the project to completion before making it public. The consensus was that this is an ethical path given the realities of funding software development, due to the fact that the developers alone carry the risk of the project failing, whereas in the past potential users were expected to pay for coins before any code was written. We felt this was unjust.The development of Decred was funded by Company 0 and from the pockets of its developers individually. The cost of developing the project, in terms of developer pay, totals to approximately USD 250,000, which Company 0 paid to developers. An additional amount of approximately USD 165,000 has been allocated for unpaid work and individual purchases by developers. We felt that the most equitable way to handle compensation for these expenses was to perform a small premine as part of the project launch. The model is unusual in that no developer received any amount of coins for free - all coins owned by developers will either be purchased at a rate of USD 0.49 per coin from their own pockets or exchanged for work performed at the same rate.The premine consists of 8% of the total supply of 21 million coins, meaning the premine consists of 1.68 million coins. Rather than allocating the entire premine to the bring-up costs, we decided to split the premine equally between compensation for bring-up and an "airdrop", where we freely give an equal amount of coins to a number of airdrop participants. This means Company 0 and its developers will have put roughly USD 415,000 into the bring-up since April, 2014 and receive 4% of the total supply, 840,000 coins (at USD 0.49 per coin). The remaining 4% will be spread evenly across a list of airdrop participants as part of an effort to build the Decred network and decentralize its distribution.  Coins held by Company 0 will be used to fund its ongoing work on open-source projects, such as Decred and btcsuite.Giving away these coins in an airdrop allows us to accomplish several things at once for the project: enlarge the Decred network, further help decentralize the distribution of coins, and allow us to get coins into the hands of people who are interested in participating in the project. Decred is fundamentally about technological progress, so the airdrop will target individuals that have made contributions to advance technology in its various forms. The maximum number of airdrop participants is capped at 5,000 individuals, so we recommend registering sooner rather than later. These coins will be given away unconditionally and there is zero expectation of Decred receiving anything from you in return for these coins.Sign up for the airdrop is currently open, but the airdrop registration will commence on January 4th, 2016. People who have been selected to participate in the airdrop will receive an email that contains a link to a web registration form. This form will require airdrop participants to enter an address to which their coins can be sent. Binaries and source code will be made available so that you can generate a wallet seed and an address for your airdrop coins. Once you have entered your receiving address into the airdrop webform and submitted it, you will receive your coins on the projected launch date.

how to buy Decred

Where and How to Buy Decred (DCR) Coin

There are 3 steps to purchasing Decred. They are:

  1. Buy Bitcoin: Buying Bitcoin in 2021 is a fairly simple matter which we don't need to go in-depth on. The best places to but Bitcoin directly today with USD or your native currency are: Coinbase, Binance and Paypal. Luckily, some exchanges allows you to purchase DCR directly with USD. They are: BitTrex, Yobit, .
  2. Move the Bitcoin to an Exchange that supports DCR: Once you have purchased BTC, the next step is to move the BTC to an exchange that supports the DCR/BTC trading pairs.
    At the moment, DCR is currently available for purchase with Bitcoin at HuobiPro, HitBTC, huobikorea, Kucoin, Yobit, Binance, BitTrex, HuobiPro, Poloniex, OKEX, Exmo, HitBTC, huobikorea, Gateio, Kucoin, Bleutrade, CoinEx, .
  3. Buy Decred on the Exchange: Now, you can buy Decred with your Bitcoin on your preferred exchange from the options we provided. Some of these exchanges support different DCR pairs. Below is a detailed breakdown of each exchange and the trading pairs it supports.

USD Exchanges

Exchange Trade Pair Volume Exchange Grade
BitTrex DCR/USD $42,685 USD A
Yobit DCR/USD $25 USD D

Bitcoin Exchanges

Exchange Trade Pair Volume Exchange Grade
Binance DCR/BTC 93.7805 BTC A
BitTrex DCR/BTC 2.2161 BTC A
HuobiPro DCR/BTC 4.2383 BTC A
Poloniex DCR/BTC 3.2935 BTC A
Exmo DCR/BTC 0.2670 BTC BB
HitBTC DCR/BTC 10.1425 BTC B
huobikorea DCR/BTC 3.0307 BTC B
Gateio DCR/BTC 0.1732 BTC B
Kucoin DCR/BTC 0.8120 BTC B
Bleutrade DCR/BTC 0.1007 BTC B
CoinEx DCR/BTC 16.9833 BTC C

Eth Exchanges

Exchange Trade Pair Volume Exchange Grade
HuobiPro DCR/ETH 34.3203 ETH A
huobikorea DCR/ETH 32.9983 ETH B
Kucoin DCR/ETH 4.6439 ETH B
Yobit DCR/ETH 0.0199 ETH D

How to Safely Store Decred Crypto

Once you buy Decred, the next question you'd have is "where do I store my Decreds?". It is quiet easy to store your Decred tokens after purchase. In fact there are two easy methods of doing so:

  1. Cold storage: There is a saying in crypto that the only tokens you own are those on your hard drive. This is very true as lots of things could happen to coins stored on exchanges - e.g hacks. For this reason, cold storage is usually a good option.
    Hardware wallet options like - The Ledger Nano S or Ledger Nano X and SecuX V20 could be a good place to store Decred. If Decred is an Ethereum based ERC-20 token, you can also store it in any ERC-20 compatible wallet such as MyEtherWallet (MEW) or MyCrypto.
  2. Exchanges: Storing on Exchanges might be a good option if you don't plan on hodling Decred for the long-term and need to quickly trade it and make some gains. However, be careful as a downside of storing on exchanges is the susceptibility of exchanges to hacks.

Reported Issues

Frequently Asked Questions

Question Answer
Where can I buy DCR with Dollars (USD)? You can buy Decred (DCR) with U.S Dollars on BitTrex, Yobit, .
Where can I purchase DCR with my Bitcoin (BTC)? As of today, you can buy Decred with Bitcoin on any of the following exchanges: Binance, BitTrex, HuobiPro, Poloniex, OKEX, Exmo, HitBTC, huobikorea, Gateio, Kucoin, Bleutrade, CoinEx, .
I have Ethereum. Where can I buy DCR with ETH? Decred is available for purchase using ETH on these Crypto exchanges: HuobiPro, HitBTC, huobikorea, Kucoin, Yobit, .
How much is Decred? Right now, the price of DCR is $124.0700.
Is Decred Crypto a good Investment in 2021? Our analysis shows a possible all time high of $254.4400. So yes. DCR is a good investment.

Search for another Coin