1 Level
6 Review
2 Karma
Review on Bitcoin Diamond by Debbie Ferguson
Step 2. Deposit funds into your account While things change rapidly in the…
Step 2. Deposit funds into your account
While things change rapidly in the crypto world, it’s not likely that there’s an exchange available to convert your USD directly for BCD. If that’s the case, you’ll first need to obtain a cryptocurrency listed in a currency pair with BCD, such as bitcoin (BTC). For advice on how to buy bitcoin, check out our comprehensive guide.
To deposit BTC into your account, copy your exchange wallet address, and then paste it as the destination when transferring coins from your BTC wallet.
Step 3. Buy BCD
The final stage of the process is to navigate to the “Exchange” or “Markets” section of your chosen platform. Search for your desired currency pair, such as BCD/BTC, review the current purchase price and then enter the amount of BCD you’d like to buy.
Don’t forget to check all the details of your purchase carefully, including the total cost, before completing the transaction.
Pros
- Your ultimate guide to buying, selling and storing Bitcoin Diamond. Sporting the tagline “Better bitcoin”, Bitcoin Diamond (BCD) was launched in November 2017 and promised to offer faster transactions, lower transaction fees and increased privacy. Formed following a hard fork of bitcoin at block 495866 (for those playing along at home), Bitcoin Diamond has since grown to become one of the world’s top 50 cryptocurrencies by market cap size. So, how can you buy Bitcoin Diamond, where should you store your coins and what should you consider before purchasing? Read on to find out.
Cons
- Step 1. Register for an account on an exchange that lists BCD Check out the list of exchanges in the comparison table above to find a selection of exchanges that list BCD in one or more currency pairs. After comparing your options, choose a platform that meets your needs and register for an account. Some platforms will only require your email address and password, but many others will also require your name, contact details, nationality and proof of ID before allowing you to trade. It’s also a good idea to activate 2-factor authentication to provide enhanced security for your funds.
