Buy Dragonchain or DRGN Cryptocurrency by professional Forex trading experts the “ForexSQ” FX trading team, Finding out everything you need to know about what is Buy Dragonchain or DRGN Cryptocurrency .
How To Buy Dragonchain or DRGN Cryptocurrency?
Dragonchain is the token of an initial coin offering (ICO) of the Dragonchain blockchain platform. The token was released in October 2017 and the official token sale has since ended.
The Dragonchain platform was initially developed by Disney as the “Disney Private Blockchain Platform” and is now taken over by the Non-Profit organization Dragonchain Foundation as an open source project. Like most blockchains it is aiming at providing fast, convenient and secure transactions for various businesses. It strives to provide features such as easy integration, protection of business data and operations, currency agnosticism, and multi-currency support, as well as data protection.
Similarly to many other tokens, Dragonchain is based on the Ethereum protocol.
How to buy Dragonchain Cryptocurrency?
1. Buy Dragonchain with cryptocurrency. If you have Bitcoin or Ether, you can buy Dragonchain on an exchange that offers it. If not, you need to get some first. For the purpose, you can sign up at the exchange Coinbase. It is large and reliable and has a New York bit license. Coinbase is available in more than 30 countries. Its biggest advantage is that you can buy Bitcoin or Ether almost instantly with a credit or a debit card. The fee is a bit high – 4%, but there are other options like bank transfer, which is slower, but cheaper – 1.5% commission.
2. Look for an exchange that offers Dragonchain and open an account. You can find the altcoin at the following platforms: Kucoin, Ether Delta, GateIO, Coinhood, IDEX, Tidex, CoinExchange and Token Store.
3. After you have your Bitcoin or Ether and have set up an account at the exchange of your choice, you can transfer the funds and buy Dragonchain. It is worth noting that most exchanges do not charge a transfer fee for funding in cryptocurrencies.
It would be simpler and more straightforward to buy Dragonchain with fiat currency like USD or EUR, rather than having to buy other cryptocurrencies first, but no exchange offers this option – at least for now. So, you should stick with the procedure described in this guide.
After you get your Dragonchain, we strongly advise to move the coins off the exchange and store them in your own e-wallet. The exchanges are often targeted by hackers and generally storing coins online is not very safe. Because Dragonchain is based on Ethereum, you can store it in MyEther Wallet, which supports all Ethereum coins. Some other wallets like Trezor and Exodus should also do the job.
If you want to just speculate on the price of Dragonchain, rather than owning it, you could in theory trade in CFDs on the token with a regulated forex broker. Many of those companies have started offering such instruments for leveraged trading. However, they are mostly on the most popular cryptocurrencies and Dragonchain is not among them.
How to Buy Dragonchain or DRGN Crypto currency Conclusion
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