Table of Contents
1. Choose a crypto exchange
First things first, you need an exchange that both has Decred, and is trustworthy!
You can find our top 3 exchanges for buying Decred here, alternatively you can also check our comparison of the best cryptocurrency exchanges in Australia if you’re generally interested in seeing which exchanges work for Australians.
2. Sign up with the crypto exchange
Once you’ve chosen your crypto exchange, it’s just a matter of signing up and getting your account verified. Most exchanges have streamlined this process very well so it shouldn’t take long.
3. Fund your account
The next step is to transfer AUD or another cryptocurrency into your account. Most top crypto exchanges offer various payment methods. From bank transfer to PayID, POLi pay and credit cards, it’s very straightforward.
4. Buy Decred
And of course, the final step is to find Decred on the exchange and buy it. A lot of exchanges offer different ways of buying cryptocurrencies, like market orders and limit orders.
Where to Buy Decred (DCR)
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How to Sell Decred
- Sign into the exchange
- Find where you stored your Decred, either on a hardware wallet or on the exchange.
- Transfer your Decred to the right place on the exchange, it could just be the same wallet or a dedicated trading account.
- Sell Decred.
Considerations when looking to buy Decred.
Decred (DCR), a cryptocurrency based on blockchain technology, was launched in February 2016. Decred (DCR) is a blockchain-based cryptocurrency that was launched in February 2016. Its protocol and token were designed to allow open governance, community interaction and sustainable funding policies.
Decred was designed so that all transactions and modifications to the protocol are approved by the community, according to the official whitepaper. Decred's operation cannot be manipulated by large holders. Decred was strongly influenced by Bitcoin, and used many of the same principles as the original cryptocurrency.
Decred is an innovative project. It uses blockchain technology's decentralized nature as a platform to ensure that no one can vote in the project. Decred's main goal is to ensure all DCR holders have equal decision-making power, and that no large institutions can swing the votes in favor of Decred.
Decred introduced ticket-holder voting to ensure that all people with enough DCR have an opportunity to vote on the future of the company/token and its operations. Politeia is a separate voting platform that Decred created. It allows users to vote, submit proposals, and start discussions.
Decred uses a hybrid consensus mechanism to guarantee those voting rights. It combines the proof-of work (PoW), and proof-of stake (PoS) models.