Last update: Jun 6, 2022

How to Buy Decred (DCR)

Marco velaAuthor: Marco Vela - Fact-checked ✓

So you’re looking for a guide on how to buy Decred. Depending on where you’re located, you’ll have different exchanges to choose from.

In this guide, we not only cover the top 3 global cryptocurrency trading platforms, but also the best exchanges for Australia, Canada, and the UK.

Let’s get started!

Decred

How to Buy Decred – 4 Easy Steps

1. Choose a cryptocurrency exchange

Finding a cryptocurrency exchange isn’t that hard. There are plenty of big players out there that have been around for quite some time.

This is where our comparison tables can help. The important factors to look for are fees, security, and if they have Decred of course.

2. Sign up with the cryptocurrency exchange

Signing up with any of the major exchanges is generally very easy. The initial sign up should be very fast, and even the verification processes are very well set up these days.

3. Fund your account

Next, you would need to fund your account with either fiat money (USD, AUD, GBP, CAD, etc) or another cryptocurrency like BTC or ETH. This process should again be straightforward and easily done using one of the bigger crypto exchanges.

4. Buy Decred

Now that you have what you need to buy Decred, head over to the market or buy section of the cryptocurrency trading platform and buy some DCR.

If the crypto exchange doesn’t have any Decred on offer, for most cryptocurrencies you can buy Ethereum instead, transfer it to a decentralized exchange like Uniswap (check if Uniswap has Decred first), and trade your Ethereum for Decred.

Where to Buy Decred (DCR)

These are our top 3 exchanges based on the number of cryptocurrencies on offer, security, ease of use, and fees.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
BinanceUSD, AUD, EUR, GBP, CAD, CNY, and many more.350+Credit card, Cryptocurrency, Debit card, and moreVisit Binance
FtxUSD, EUR, GBP, AUD, HKD, CAD, CHF, BRL250+Wire transfer, Credit card, Silvergate Exchange Network, SIGNETVisit FTX
Etoro logoUSD, GBP, AUD, EUR, and more50+credit card, skrill, paypal, bank transfer, and moreVisit eToro
Disclaimer: Cryptocurrencies are volatile and may involve a lot of risk. Their performance is very unpredictable and past performance is no guarantee of future performance. Consult a financial advisor or obtain your own advice independent of this site before relying and acting on the information provided.

How to Sell Decred

  1. Sign into the cryptocurrency exchange where you bought Decred.
  2. Move your Decred to the right place on the cryptocurrency exchange. Some exchanges have trading accounts you need to use for buying and selling.
  3. Sell Decred.

 

Crypto trading

How to Buy Decred (DCR) in Australia

Looking at Australian crypto exchanges, it's always good to check if the exchange is registrered with AUSTRAC (Australian Transaction Reports and Analysis Centre). In addition, it would be handy if the exchange has integrated with POLi pay and PayID for instant AUD deposits.

If you’re looking to buy Decred in Australia, the process remains the same:

  1. Find a cryptocurrency trading platform below.
  2. Sign up for an account.
  3. Fund your account with AUD.
  4. Buy Decred if it’s available. If the exchange doesn’t have Decred. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Decred), and trade your ETH for Decred.

You can also check out our comparison of the places where to buy cryptocurrency in Australia If you’re curious to know more about which exchanges we like.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Swyftx logoAUD, NZD300+bank transfer, POLi pay, PayID, credit cardVisit Swyftx
Binance logoUSD, AUD, EUR, GBP, CAD, CNY, and many more.350+Credit card, Cryptocurrency, Debit card, and moreVisit Binance
Ftx logoUSD, EUR, GBP, AUD, HKD, CAD, CHF, BRL250+Wire transfer, Credit card, Silvergate Exchange Network, SIGNETVisit FTX

How to Buy Decred (DCR) in Canada

When researching Canadian crypto exchanges, make sure they're registered with FinTRAC (Financial Transactions and Reports Analysis Centre of Canada) and ideally support Interac e-Transfer (in addition to wire transfer and maybe credit cards) for smooth CAD deposits.

If you’re looking to buy Decred in Canada, the process remains the same:

  1. Find a crypto trading platform below.
  2. Sign up for an account.
  3. Fund your account with CAD.
  4. Buy Decred if it’s available. If the exchange doesn’t have Decred. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Decred), and trade your ETH for Decred.

Or, if you’d like to know more about the exchanges we recommend, look at our comparison of the best platforms to buy cryptocurrency in Canada.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Bitbuy logoCAD15+Wire transfer, Interac e-TransferVisit Bitbuy
Coinberry logoCADBitcoin, Ethereum, Litecoin, BCH, XLMInterac e-Transfer, Wire transfer, Credit card, Debit cardVisit Coinberry
Ndax logoCADBitcoin, Ethereum, Litecoin, and 4 morewire transfer, Interac e-Transfer, Bank draftVisit ndax

How to Buy Decred (DCR) in the UK

We recommend only looking at UK cryptocurrency exchanges that are registered with the FCA (Financial Conduct Authority). As for GBP deposit methods, the top exchanges should support FPS transfers (Faster Payments Service) and ideally credit/debit cards.

If you’re looking to buy Decred in the UK, the process remains the same:

  1. Find a crypto trading platform below.
  2. Sign up for an account.
  3. Fund your account with GBP.
  4. Buy Decred if it’s available. If the exchange doesn’t have Decred. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Decred), and trade your ETH for Decred.

If you’d like to know more about which exchanges we like, check our comparison of the best cryptocurrency trading platforms in the UK.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Cex logoGBP, USD, EUR10+Bank transfer, credit card, debit cardVisit CEX
Coinjar logoGBP50+Bank Transfer (FPS), Visa, MastercardVisit Coinjar
Coinbase logoUSD, GBP, EUR150+Bank transfer (FPS), credit/debit cardVisit Coinbase

Cryptocurrency trading

Considering buying Decred? DCR Rundown

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.

The official whitepaper states that Decred was designed so that all transactions and modifications to the protocol are approved by the community. 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) with the proof-of stake model ( POS).

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author Marco Vela

A crypto obssessed digital marketer passionate about making a difference in the world. When he's not behind the computer he can be found hiking, camping and relaxing with his dog.