• Cryptocurrency exchange

Crypto exchanges are where users can buy, sell, and convert different cryptocurrencies. Here you can find list of all DCR exchanges where you can buy and sell Decred, trade DCR with other cryptocurrencies including stablecoins, and fiat currency. You can search by exchange name to find out if DCR is available on your desired crypto exchange.

• Use BuyUcoin’s specially curated, highly secure virtual account powered by Yes
  Bank to Quickly Buy, Sell, and Hold Decred within seconds.
• It has its own hybrid blockchain with a Proof-of-Stake component and another Proof-of-Work component.
• Bitcoin is the cryptocurrency that started it all – the “flagship” of the cryptocurrency industry.
• The wallet is fully open-source and has been around for quite some time.

The top exchange by buy/sell volume for the last 24h is Binance with usdt trading pair. With a hot wallet, Decred is stored by a trusted exchange or provider in the cloud and accessed through an app or computer browser on the internet. Any trading exchange you join will offer a free Decred hot wallet where your purchases will automatically be stored. But many users prefer to transfer and store their Decred with a third-party hot wallet provider, also typically free to download and use. The best way to secure your Decred is in a hardware wallet or by putting them in cold storage.

How to buy DCR with a UK bank account

Also in Atomic Wallet you can exchange with other crypto, for example Bitcoin (BTC) for Decred (DCR) and store them there. Launched in 2016, the Decred network incorporated Bitcoin components such as the block- and transaction-based blockchain, the 21 million limit, and the Proof-of-Work mining system. But it differed from this by including systems dedicated to network governance that allow users with DCR to participate in decision-making. In turn, a Treasury accumulates a portion of the DCR generated and allows them to finance projects without depending on investors or companies. There are many ways to spend your DCR tokens, including spending them at merchant points where they may be accepted to pay for goods and services.

You can also pass your DCRs to Atomic Wallet, where they will also be stored safely. If you don’t have an Atomic Wallet account yet, How to buy decred download your wallet from the Play Store or the Apple Store. Create an account and transfer your DCRs to the Atomic Wallet.

Perks of Buying Decred With Fiat

As a long term investment, you can always buy DCR from an exchange and transfer it to a wallet for safe storage. With this approach, one can buy DCR and hold for years to sell after a significant appreciation in price. This approach is useful for people who wish to support the DCR blockchain. Decred already offers desktop and mobile wallets compatible with hardware wallets to use for safe DCR token storage. Decrediton is the official desktop wallet for the Decred token.

We may also receive payment if you click on certain links posted on our site. Decred’s code was built on the code base of btcsuite, an alternative full-node implementation of Bitcoin written in Go, developed by Company 0 LLC. Although Decred is based on the code of Bitcoin, it is a self-contained cryptocurrency, not a ‘fork of Bitcoin’. This work began in February 2014 and continued with the help of Company 0 LLC until the launch of the mainnet in February 2016.

Crypto Guides

Cryptocurrency investments are not backed by a central institution like FDIC-insured bank accounts. If your account is compromised, or the platform where you keep your coins is hacked, you could be at risk of losing your investment. Other cryptocurrency exchanges where you can buy Decred directly include Binance, OKEx, and Huobi. Binance and OKEx offer DCR/BTC and DCR/USDT pairs, while Huobi offers DCR/BTC and DCR/ETH pairs. KuCoin currently offers Decred (DCR) cryptocurrency trading as well as over 300 other popular tokens. It is often the first to offer buying opportunities for new tokens.

The bottom line is that Decred’s hybrid PoW/PoS consensus system is considerably fairer and more secure than PoW-only systems. The unregulated nature of the cryptocurrency world calls for extra caution when it comes to buying and selling DCR. Security and safety should always be a big consideration while selecting an exchange or a broker.

Do I need a Decred(DCR) wallet to buy Decred(DCR)?

The hardware wallet manufacturer Ledger is the brand we recommend as for years their products have had a solid reputation for security and ease of use. Ledger wallets support the storage and sending of Decred as well as many other cryptocurrencies- you can see a full list here. Bank deposit is a payment method where you transfer funds directly from your bank account to the exchange. To buy Decred using a bank deposit, you usually initiate a transfer from your bank to the designated bank account of the exchange. Once the transfer is confirmed, the corresponding amount of Decred will be credited to your account.

While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site.

What is Decred?

However, they offer the highest levels of convenience and portability as one can access their holdings from virtually anywhere. The regulatory status of an exchange is a must if one is to deal with an exchange that adheres to the best industry practices. Regulated exchanges accord some of the highest levels of protection to people’s crypto holdings. Decred is an innovative project because it bets on blockchain technology’s decentralized nature to prevent monopoly over voting status in the project itself. One of the main goals of the Decred protocol is to ensure that all DCR holders have the same amount of decision-making power and that large institutions cannot swing the votes in their favor. Currently, the best Decred exchange to buy DCR is Binance, which saw $ 571,195 worth of Decred trading volume in the last 24 hours.

Also, you can visit freelance markets that support crypto and purchase various services using the tokens. And most importantly, you can convert your tokens into fiat and spend them as you like. Decred can be divided up to eight decimal places which make it possible to buy tokens worth cents.