Detailed buying, selling and trading tutorial of DBC coin (with pictures and text)

To purchase DBC Coin, users must create a decentralized exchange (DEX) wallet, acquire Wrapped BNB (WBTC), connect to a DEX marketplace, find the DBC/WBTC pair, and complete a transaction by selecting the "Buy" option.

Oct 03, 2024 at 04:29 am

Detailed Buying, Selling, and Trading Tutorial of DBC Coin

Step 1: Create a DEX Wallet

• Download a decentralized exchange (DEX) wallet such as MetaMask or Trust Wallet.
• Create a new wallet and backup your seed phrase securely.

Step 2: Acquire Wrapped BNB (WBTC)

• Purchase Binance Coin (BNB) on a reputable cryptocurrency exchange.
• Transfer BNB to your DEX wallet.
• On the DEX, exchange BNB for Wrapped BNB (WBTC).

Step 3: Connect to DEX Marketplace

• Visit a DEX marketplace like PancakeSwap or SushiSwap.
• Connect your DEX wallet to the marketplace.

Step 4: Finding the DBC/WBTC Pair

• Search for the DBC/WBTC pair on the marketplace.

Step 5: Buying DBC Coin

• Select the "Buy" option.
• Enter the amount of WBTC you want to exchange for DBC.
• Preview and confirm the transaction.
• Pay the transaction fee in WBTC.

Step 6: Selling DBC Coin

• Select the "Sell" option.
• Enter the amount of DBC you want to sell for WBTC.
• Preview and confirm the transaction.
• Pay the transaction fee in WBTC.

Step 7: Trading DBC Coin

• Select the "Trade" option.
• Enter the amount of DBC you want to trade.
• Enter the desired WBTC price for your trade.
• Set the slippage tolerance and other settings.
• Preview and confirm the transaction.
• Pay the transaction fee in WBTC (if necessary).

Additional Tips

• Choose a reputable DEX: Ensure the DEX you use is established and secure.
• Monitor market conditions: Keep an eye on market trends to make informed trading decisions.
• Store DBC safely: Transfer your DBC to a secure wallet like a hardware wallet or a custodial wallet on a regulated exchange.
• Use a slippage tolerance: Set a slippage tolerance to avoid price fluctuations during transactions.
• Pay attention to transaction fees: DEX transactions may incur gas fees or other transaction charges.