How to Buy Dragon Coin (DGN)
Learn all about Buy Dragon Coin
Dragon Coin (DGN) is a token issued on the cosmos. Through the collective efforts of the Dragon Coin development team and community members, the number of applications supporting DGN has been gradually increasing, demonstrating significant potential within the crypto industry. More and more people are becoming interested in Dragon Coin. They wish to invest or purchase Dragon Coin (DGN), but may not know how to get started. Here, we will guide you through all the information you need to know about purchasing Dragon Coin. Regardless of your location, Bitrue can provide you with a simple and secure way to buy DGN.
Where and how to buy Dragon Coin
Dragon Coin (DGN) is currently not available for fiat and spot trading on Bitrue exchange. However, you can purchase DGN on decentralized exchanges (DEX). Simply connect your crypto wallet to a DEX, choose the DGN trading pair, and complete the ordering process. Here is a step-by-step guide on purchasing DGN:
Steps to Buy Dragon Coin (DGN)
01Step 1 Create a Wallet
Choose from various cryptocurrency wallets, including digital wallets and hardware wallets. Typically, creating a cryptocurrency wallet is as simple as installing an application on your phone or computer. When you install the application, your cryptocurrency wallet is automatically created following the installation steps. Remember to note down your mnemonic phrase or private key during wallet creation, as the loss of this information will result in permanent loss of the digital assets stored in the wallet. Once your wallet is created, you can immediately transfer cryptocurrency to it, securely store it, and use it as you wish.
02Step 2 Wallet Setup
Configure your wallet with a blockchain network protocol compatible with Dragon Coin (DGN), ensuring that your cryptocurrency wallet can receive DGN.
03Step 3 Choose a DEX
Select a decentralized exchange (DEX) that supports Dragon Coin (DGN) trading. Popular DEX platforms include Uniswap, SushiSwap, PancakeSwap, etc., depending on the blockchain network hosting DGN.
04Step 4 Connect Wallet
Connect your cryptocurrency wallet to the chosen DEX. This connection allows you to trade directly from your wallet without the need for a central intermediary.
05Step 5 Choose DGN Trading Pair
Locate the DGN trading pair on the DEX platform (DEXs typically list tokens in pairs, such as DGN/ETH, DGN/USDT, etc.). Ensure your wallet has enough cryptocurrency to pay for the desired amount of DGN you want to purchase.
06Step 6 Confirm Order
Decide on the type of trade you want to execute. DEX platforms offer options similar to centralized exchanges, such as market orders and limit orders. Confirm and execute your trade.
07Step 7 Verify Transaction
Transactions on DEXs are recorded on the blockchain. Verify the completion of your trade on the blockchain explorer using your wallet address.
08Step 8 Store Securely
- After the transaction is completed, DGN will be automatically stored in your blockchain network wallet address. You may also consider transferring your DGN to a hardware wallet to enhance security, especially if you plan to hold it for the long term. This significantly reduces the risk associated with keeping digital assets in an online wallet.
- Decentralized exchanges offer greater privacy, transparency, and control over your assets. However, they may have lower liquidity compared to centralized exchanges, and transactions can sometimes be associated with higher fees depending on the blockchain network. Always conduct thorough research on the chosen DEX and understand its features before initiating transactions.
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Alternative methods to acquire Dragon Coin
Apart from directly buying Dragon Coin (DGN), what are the alternative methods to acquire Dragon Coin ?
Fixed Auto-Investment in DGN
Regularly invest a fixed amount at scheduled intervals in Dragon Coin (DGN) digital assets, enjoying both short-term returns and long-term benefits.
Staking DGN
Flexible staking of Dragon Coin (DGN) digital assets to earn interest or high returns in other cryptocurrencies.
Get Dragon Coin (DGN) for free
If you have enough time, you can obtain Dragon Coin for free through the following methods:
- Invite friends to join the Bitrue coupon event and earn free Dragon Coin (DGN).
- Join the Bitrue Rewards Center, participate in ongoing challenges and airdrops to receive free Dragon Coin.
- All cryptocurrency airdrops and rewards can be exchanged for DGN through coin-to-coin exchange or spot trading.
How to keep your Dragon Coin safe and secure
Once you have purchased Dragon Coin, it is crucial to store it in a secure location.
If you are highly familiar with operating on-chain Dragon Coin wallets, you also have the option to store Dragon Coin (DGN) separately in a personal encrypted wallet. This wallet serves to keep your Dragon Coin secure and accessible, allowing you to send and receive it while maintaining control.
To ensure the security of your Dragon Coin, consider the following types of encrypted wallets:
- Mobile Wallets: Store your private key in an application on your smartphone.
- Web Wallets: Third-party-controlled online servers that store your private key.
- Desktop Wallets: Computer programs that allow you to store your private key on a hard drive.
- Hardware Wallets: Physical devices for offline storage of private keys.
Note: Cryptocurrency wallets do not technically store your Dragon Coin encrypted assets. Instead, the assets remain on the blockchain, and access is granted using the digital private keys stored in the wallet.
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Some market stats about DGN
Price Analysis
DGNDragon Coin Price Now:
$0.0009660%24H
Dragon Coin is rising this week.
The price of Dragon Coin has increased by --% in the last 7 days. It has seen a --% increase in the past 24 hours and a 0.72% increase in just the last hour. The current price is $0.000966 per DGN. Dragon Coin is increased --% from its all-time high of $--.
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Calculate the Returns on Your Dragon Coin Investment
How much profit would I have if I bought $ worth of Dragon Coin in ?
CalculateReturns based on the average Dragon Coin price for that year. Not financial advice.
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How to buy other cryptocurrencies
There are lots of ways to buy, swap, and convert crypto. Learn more about how you can do it all using Bitrue with our how to buy crypto guide.
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FAQ About Buy Crypto
How many Dragon Coin are there in total?
The total supply of Dragon Coin is 998,284,731 and the Circulating Supply is 0 .
Why are people buying Dragon Coin?
People buy Dragon Coin for various reasons. Some view it as an investment, expecting its value to increase, while others appreciate its decentralization and anonymity, seeking to avoid restrictions of traditional financial systems. Additionally, Dragon Coin serves as a digital asset with transactions independent of central authorities. Overall, motivations for purchasing Dragon Coin include investment, risk diversification, and trust in new digital assets.
Should I buy Dragon Coin?
Deciding whether to buy Dragon Coin depends on individual financial goals, risk tolerance, and understanding of the digital asset market. Dragon Coin investments involve market volatility and risks, so it's advisable to thoroughly understand its characteristics and market conditions before purchasing. If you have investment experience, can withstand price fluctuations, and are willing to accept potential losses, buying Dragon Coin (DGN) may be a suitable investment choice. However, remember that all investments come with risks.
Can I use cash to buy Dragon Coin?
Generally, buying Dragon Coin digital assets by cash is relatively challenging, as most cryptocurrency exchanges prefer electronic payments or bank transfers.
Disclaimer
Cryptocurrency markets are highly volatile and can experience rapid price fluctuations. You are solely responsible for your investment decisions and Bitrue is not liable for any losses you may incur. We rely on third-party sources for price and other data related to the cryptocurrencies listed above, and we are not responsible for its reliability or accuracy. The information provided on this platform and any associated materials are for informational purposes only and should not be considered as financial or investment advice.
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