Buy Dragonchain with Credit Card and Debit Card
Dragonchain is currently only able to be purchased on Kucoin. Kucoin is cryptocurrency exchange, also known as a crypto to crypto exchange, so in order to buy Dragonchain via credit or debit card, you need to send either Bitcoin or Ethereum to Kucoin, then convert to Dragonchain. Please see tutorial below.
Buy Dragonchain with Bank Transfer / Wire
The best exchange on which to obtain Dragonchain is Kucoin. This tutorial will show how to buy Bitcoin with a bank transfer, send Bitcoin to Kucoin, where you can buy Dragonchain!
How to Buy Bitcoin on Coinbase
In this example, I will show you how to purchase Bitcoins on Coinbase. If you signup to Coinbase through this link, you will receive an extra $10 worth of Bitcoin on your first order of $100 or more.
After creating your Coinbase account, you need to add a payment method. If you are going for the route with the lowest fees, it is best to use a bank transfer. If timing is more important, use a credit or debit card, as this is much faster!
The Coinbase signup process takes time, but this is to ensure security for customers. Click the Buy/Sell tab on the top/middle of your screen. From this page, you can easily purchase Bitcoin, Litecoin, or Ethereum. All of these cryptocurrencies can be converted into DeepBrain Chain on exchanges such as Kucoin, but for this tutorial we will use Bitcoin.
After hitting Confirm Buy, you are finished with this step! Next will be transferring the Bitcoin to a Dragonchain exchange. Also, at this point, we strongly suggest setting up two-factor authentication (2FA) on all exchanges. Two factor authentication combines two different verification methods to ensure the real user is trying to access the account.
Bitcoin to Dragonchain Exchanges
Step 2: Transfer your Bitcoin
Once you have Bitcoin, you will need to move it to an exchange that has BTC/DRGN pairs. For Dragonchain, the best option is Kucoin.
In order to send your Bitcoin from Coinbase to Kucoin, you will need locate your Bitcoin deposit address on Kucoin. Log in to Kucoin and click the $ tab on the right side of the navigation bar. This page will show all cryptocurrency deposit addresses in your account. Locate Bitcoin on this page and copy the deposit address.
Now you will need to send you Bitcoin from Coinbase to Kucoin.
Step 3: Buy Dragonchain
After your Bitcoin arrives, you will have a Bitcoin balance with which you can purchase Dragonchain. Go to the DRGN/BTC page and click “best price” under the buy DRGN section. Press buy to enter your order. You will receive a notification when your order is processed.
Step 4: How to securely store Dragonchain,
Hooray, you now have some Dragonchain! DragonChain is an ERC20 coin that runs on the Ethereum Blockchain, which means that it can be stored on myEtherWallet. DragonChain is also easily and securely stored on the highly popular hardware wallet Ledger Nano S!.
To start using myEtherWallet, you will need to come up with a secure password. Your password should be at least 9 characters long. After entering a password, click “create new wallet”. You will be taken to this screen where it asks to download a keystore file.
A keystore file is an encrypted private key, that gives you access to your funds. Please make a backup of this file, by storing another copy of it on a USB or other storage device. If you lose this, it is very difficult to recover your coins.
After clicking “I understand” it will show you your unencrypted private key. If you prefer, you can print a paper wallet through the website. A paper wallet is a document that contains all the data necessary to access your cryptocurrency, usually containing QR Codes and your private keys.
Next, myEtherWallet will ask you how you would like to access your wallet. You will access the wallet using the newly-downloaded encrypted private key. Click “Keystore/JSON File”, and select the encrypted private key file you just downloaded. Press “unlock” and your public address will be displayed. This address is where you can send your ERC-20 Coins. ERC-20 Coins are any cryptocurrency that runs on the Ethereum blockchain. This includes coins such as 0x, Tron, and OmiseGo.
How to Buy Dragonchain with PayPal
Due to Paypal’s chargeback feature, buying Dragonchain with Paypal requires one extra step. The exchange VirWoX allows you to convert paypal balance into Bitcoin. Read our tutorial on this conversion. Once you have Bitcoin, you can send it to Binance as seen in the example above.
Can I Buy Dragonchain on Coinbase?
Dragonchain is currently only sold on Kucoin, but it is possible it could be added to Coinbase along with several new coins in 2018.
Can I Buy Dragonchain on Binance?
What is Dragonchain?
Dragonchain is a cryptocurrency founded in 2015 by Disney. The ICO ran from October 2 2017 to November 2 2017.
Dragonchain plans to launch an incubator for startups and other projects to launch future companies/projects. There are also benefits associated with Dragonchain for holding the coins. This system is called “slumber score” through which you can get discounts and early access to startups.
Dragonchain is focused on privacy on the blockchain, as well as smart contracts. Smart contracts are immutable contracts that exist on the blockchain, that trigger when a certain conditions are fulfilled.
What is the Circulating Supply of Dragonchain?
At the time of this writing, there is a circulating supply of approximately 238,000,000 Dragonchain. This will eventually reach the cap of 433,494,437 DRGN.
What is Dragonchains Slumber Score?
Slumber score is a measure of how many coins you own and how long you have keep them. A higher slumber score allows you to have better ICO discounts, higher purchasing limits and a early entry in ICOs held on the Dragonchain platform.