Skip to content

How & Where to Buy Decred A Step-by-Step Guide to Buying DCR

Congratulations! You can buy Decred directly with cash at CoinSwitch.

  1. Sign up at our one of our top-ranked Decred exchanges.
  2. Fund your new account with cash or crypto.
  3. Buy DecredDCR

Read on for detailed instructions below on where and how to buy Decred and you will be a DecredDCR owner in no time at all.

  1. STEP 1Register at a DCR Exchange

    Best Decred (DCR) Exchanges

    • coinswitch reviews
      Ease of use
      Time to 1st Buy
      24h Volume
      $
      Coins
      361

      This mobile aggregator platform collects data from all major exchanges, making it possible to swap a large number of cryptocurrencies at highly competitive rates. Mobile app-only CoinSwitch Kuber is the most popular cryptocurrency exchange service in India, with over 4 million users. Hassle-free arbitrage and trading process.

    After choosing one of the exchanges listed above, you will need to create an account. In some cases, the exchange will need some personal information like email address, phone number, name, address, and a copy of your government ID or passport.

    This is completely normal and all exchanges we list on this page have security in place to protect your personal info.

  2. STEP 2Fund Your Account

    It is now time to add funds to your newly created exchange account. This will allow you to purchase Decred DecredDCR quickly.

    Upon signing up at the exchange, you should be shown easy to follow instructions to buy DCR with cash from your bank account or credit or debit card. Some exchanges also accept alternative funding methods such as Paypal, Apple Pay, Skrill, or Sofort by Klarna. You can also deposit any supported cryptocurrencies directly into your exchange account and trade them for DCR.

Frequently Asked Questions About Buying & Selling Decred (DCR)

How do I Buy DCR with Crypto?

If you want to buy DCR with a cryptocurrency like Bitcoin, Ethereum, Litecoin, XRP, or BNB, then you can simply sign up for CoinSwitch and send your crypto to your account.

You can view the supported cryptocurrencies for the exchange you selected by going to the assets or wallet screen. Once you see a list of coins, you should be able to select one and click "deposit" which will show you the address to send your crypto to CoinSwitch.

You will then copy that address and paste it into the wallet holding your cryptocurrency and send.

Depending on the blockchain used and how quickly the exchange processes deposits, your funds should show up in your exchange balance within minutes.

How do I sell Decred (DCR)?

To sell DCR, simply reverse the buying process described above. You will likely need to trade your DecredDCR into a USD coin like usdtUSDT. Look for a "Sell" button in your account wallet and sell for Dollars, then initiate a transfer to your bank account. To withdraw cash to your bank, you will likely need to complete a full KYC (Know Your Customer) process if you haven't already.

Decred Research Center

Decred Technical Details & Statistics

Tokenomics
  • Market Rank56
  • Market Cap1,749,645,241
  • Circulating Supply13,186,106
  • Total Supply13,186,106 DCR
  • Max Supply21,000,000
Yesterday's Trading
  • 24 HR Volume27,410,711 USD
  • Yesterday's High / Low---
  • Yesterday's Open / Close---
  • Yesterday's Change---
All Time Performance
  • All Time High---
  • All Time Low---

What is Decred?

Decred (DCR) is a cryptocurrency and an ecosystem which allows and facilitates decentralized voting platforms and DAOs, utilizing new code written from the scratch. Decred stands for DEcentralised CREDit. Decred bills themselves as an “autonomous cryptocurrency” with a stated mission of building a platform that will “empower your ideas, give you control over decisions, at lightning fast speed, while protecting your privacy.”

History of Decred

The development Decred started in April 2014, being first announced in December 2015 and formally launched in February 2016. Decred development was funded by Company 0 and some of the costs were borne by the developers. A total supply of 21 million coins will exist in the ecosystem. 840,000 DCR were pre-mined while the same amount is kept for Airdrops. 95% of Decred coins will be mined by 2034. The Decred foundation keeps 10% of the block reward for platform development purposes.

Decred has enjoyed significant popularity in 2018, surpassing a market capitalization value of $800 million in the month of May.

How Decred Works

Decentralized governance, the core principle of a DAO, is the major selling point of Decred. Decred wants to bring in a balance between PoW miners and PoS stakeholders (the original user of the network) as with the PoW method big miners can easily ignore points raised by the smaller miners.

In Decred, PoS stakeholders can put a certain amount of coins in lock for 28 days to get voting rights. Once voted, the locked coin is unlocked and participants are paid to vote, which acts as an incentive to participate in the community and network. PoS stakeholders can upturn decisions made by the PoW stakers if they reach a 60% majority. Thus, the actual DCR coin users are in control of the network, unlike bitcoin and most other coins.

PoW stakers need to stake a minimum of 3 votes per block to receive a greater reward. Thus, while miners are still the authority, they are much like an elected government which is actually controlled by the people.

Why Decred?

Decred is one of the most unique coins currently being traded and has some great advantages.

  • Bitcoin Competitor: A new coin created from scratch, Decred is a completely new idea that uses a completely new code. Decred can be compared to bitcoin in its early days when it was proving itself to be a paradigm shift, and thus is not just another cryptocurrency.
  • Democratic Governance: Decred implements a hybrid cryptographic technique of PoS+PoW to maintain a balance which bitcoin is lacking. As explained above, smaller miners and actual users of the currency can have a say in development and maintenance of the Decred ecosystem.
  • DAO Facilitator: As Decred runs of a PoS+PoW environment and democratic governance is one of its key features, it should ideally be the future for DAO (Decentralized Autonomous Organization) development.
  • Planned Future Features: Decred plans to implement lots of cutting-edge features like hard fork voting, Lightning Network support, payment integration and enhanced privacy.
  • Early Bird Benefit: Decred is still evolving and early adopters have benefited tremendously from its evolution thus far — much like early adopters of bitcoin. It can be likened as a savings account with a comparatively high rate of interest.