This tutorial will cover how to buy Dragonchain in-depth. If you are interested in learning about Dragonchain wallets, check out our guide.
Step 1: Aquire Bitcoin or Ethereum
There are several exchanges that you can buy Bitcoin and Ethereum on.
Dragonchain is only traded against Ethereum and Bitcoin, so in order to obtain it, we must first buy Bitcoin or Ethereum, and then move it to an exchange where Dragonchain is sold.
Bitcoin and Ethereum Exchanges
Coinbase is a very beginner friendly US based exchange, that sells cryptocurrency to most countries and all US states. Expect a 1.49% fee on bank transfer purchases, and a 3.99% fee for credit and debit purchases.
Coinmama is another option that focuses on credit and debit card purchases. Coinmama is great because they have higher debit and credit card purchasing limits than Coinbase, as well as instant delivery. Coinmama’s fees are around 5.5%.
LocalBitcoins is a person to person exchange, meaning that anyone can use it. There are no limits, or verification needed. It uses escrow to make sure that both parties recieve payment.
Gemini is another US based exchange, that allows its users to buy Bitcoin and Ethereum via bank transfers, credit cards, and debit cards.
Bitpanda is an exchange that also focuses on credit and debit card purchases. Their fees are between 3%-4%, and only sells Bitcoin and Ethereum to European countries.
Step 2: Sending your Bitcoin or Ethereum
Step 2: Moving Bitcoin or Ethereum to Kucoin
After aquiring Bitcoin/Ethereum, you will need to move it to the cryptocurrency to cryptocurrency exchange Kucoin.
Most cryptocurrency exchanges only allow cryptocurrency to be purchased with Bitcoin or Ethereum. That is why we need to convert our money to cryptocurrency, and then send the purchased cryptocurrency to an exchange where our coin is sold.
In order to send your newly purchased crypto to Kucoin, you will need locate your Kucoin deposit address.
This can be found by going on Kucoin, and clicking the $ tab on the right side of the navigation bar. This page will show you all of your cryptocurrency deposit addresses. Locate the coin you are depositing, which in this example will be Bitcoin.
Now that we have our deposit address, we will need to send it from Coinbase.
Step 3: Buy some Dragonchain!
When your Bitcoin or Ethereum arrives, you will have a balance to buy Dragonchain with. Go to the cooresponding page depending on what currency you purchased:
Once on the correct page, click best price, and enter the amount of DRGN you would like to purchase.
Congrats, you now own Dragonchain, read below for our guide on how to store it!
Step 3: How to Store your Dragonchain Securely!
Dragonchain is an ERC-20 token, which means that it runs on Ethereum’s blockchain. ERC-20 tokens can be stored in several wallets, including the Ledger Nano S, the Trezor, myEtherWallet, Eidoo, and many more!
For setup guides on all of these wallets, please view our page on Dragonchain wallets!
Buy Dragonchain with Credit Card and Debit Card
If this sounds confusing, there will be a tutorial with pictures below!
Buy Dragonchain with Bank Transfer
Just like with credit and debit cards, we must first purchase Bitcoin or Ethereum on a fiat to cryptocurrency exchange like Coinbase and then send our purchased cryptocurrency to Kucoin, where Dragonchain can be purchased.
How to Buy Dragonchain with PayPal
Due to Paypal’s chargeback feature, buying Dragonchain with Paypal takes a few extra steps. The exchange VirWoX allows you to convert paypal balance into Bitcoin. Read our tutorial on this conversion. Once you have obtained Bitcoin, you can send it to Binance just like the above example!
Can I Buy Dragonchain on Coinbase?
Dragonchain is currently only sold on Kucoin, but it is possible it could be added along with several new coins in 2018.
Can I Buy Dragonchain on Binance?
What is Dragonchain?
Dragonchain is a cryptocurrency founded by Disney in 2015. Its ICO took place between October 2 2017 and November 2 2017.
Dragonchain plans to launch an incubator, which is a framework for startups and other projects to launch their own projects. Dragonchain holders are given special perks for holding the coins. This system is called slumber score and gives you discounts and early access to incubated projects.
Dragonchain also focuses on bringing privacy to the blockchain, and more importantly to smart contracts. Smart contracts are immutable contracts that exist on the blockchain, that trigger when a certain condition is met.
Dragonchain is just one major exchange listing away from a serious price increase. It is currently high in the ranks of Binance’s coin of the month, which will give it a home on Binance, where there is some of the highest trading volume.
What is the Circulating Supply of Dragonchain?
At the time of this writing, there is a circulating supply of 238,421,940 Dragonchain. This will eventually reach the cap of 433,494,437 DRGN.
What does Dragonchain have planned for the future?
You can view the whole roadmap for project on their website, but here is a quick peek of the coming months.
What is Dragonchains Slumber Score?
Slumber score is a measure of how many coins you own, and how long you have kept them. It is important as it allows you to have larger ICO discounts, higher purchasing limits, and a quicker entry in ICOS held on the platform.