With the availability of Decred (DCR) on Switchain, it’s now easy to answer the question ‘How To Buy Decred With USD’. With this article, we will guide you step by step even if you don’t know where to start. For you who don’t know what Decred is, basically, Decred is a cryptocurrency that combines Proof of Work (PoW) and Proof of Stake (PoS) consensus voting system to reward both miners and verifiers.

While the concept is not entirely ‘unique’ but Decred was one of the first cryptocurrencies to adopt the hybrid system. Decred is one of the top 40 cryptocurrencies by market cap. So, are you interested in getting Decred coins? We will show you step by step.

Step 1 – Sell Your USD (Or Other Fiat Currencies) To Buy Bitcoin Or Ethereum

You can skip this first step if you already know what you are doing. Basically, you need to sell your USD or your other fiat currencies to buy Bitcoin or Ethereum. This step requires you to know what is the most liquid fiat-to-crypto exchange in your own country. In many occasions, the answer is Coinbase. Other alternatives include Gemini, Localbitcoins, Kraken, and others. The best bet is to ask this question to a local crypto community because each country’s situation is different.

If you use Coinbase, you can even use your debit card to buy Bitcoin or Ethereum with your fiat currencies. Keep in mind you need to withdraw your BTC or ETH to your own crypto wallet from Coinbase or other exchanges. Once you do so, you can proceed to step 2. We recommend hardware wallet like Ledger Nano to store your cryptocurrencies long term. You can also use software wallet apps like Exodus or Atomic Wallet. For a good web wallet option, check out Monedero.

Step 2 – How To Buy Decred With Your Crypto

After you acquire your BTC or ETH in your own crypto wallet, it’s time to buy Decred coins. Proceed to Switchain homepage and find Decred next to “I want” column.

I have (left column) : You should choose either BTC or ETH because you buy either one of them in step 1 above. Choose BTC if you have BTC or ETH if you have ETH. You can also choose other cryptocurrencies if you have them and you want to swap them to Decred coins.



I want (right column) : With this part, you choose Decred (DCR) because you want to exchange your cryptocurrencies to Decred coins.



Click the button “Get Best Exchange Rate” once you are done with both columns. Make sure to enter the correct amount of your cryptocurrencies in “I have” column.

Step 3 – Enter Your Decred (DCR) Wallet Address

After step 2, you should be able to see the exact exchange rate from your cryptocurrencies to Decred (DCR) on the next step. Unlike other non-custodial instant exchange services, you will get the exact same rate with Switchain (What You See Is What You Get). That means, the exchange rate that you see on your screen is what you will get. You should click the green button “Exchange” to proceed.

Then, you will see a page where you can enter your Decred wallet address like the image below.

DCR address : This is where you put your Decred wallet address



Refund BTC address : This is where you put your BTC wallet address. Just in case there’s a problem with the transaction, your BTC will be refunded. If previously you choose to exchange ETH to DCR, you will see “Refund ETH address“. The same answer for any other cryptocurrency.



After you enter both addresses, click “Next“

Step 4 – Send Your Crypto And Get Your DCR Coins

Once you are done with step 3, the web page will ask you to send your cryptocurrencies to a specific wallet address. For example, if earlier you chose to exchange BTC to DCR, you will need to send your BTC to a specific wallet address as instructed on the web page. If you chose ETH, you would see a ETH wallet address to send your coins.

After you send your cryptocurrencies, you will get your DCR coins instantly to your DCR wallet address that you have entered in step 3 above. That’s it. Congratulations! You have your DCR coins now.

About Switchain

Switchain is an instant non custodial cryptocurrency exchange. Our user user-friendly platform makes trading crypto easy and fast. We work with different cryptocurrency trading partners to guarantee the best cryptocurrency rates to our clients.

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