If you have any interest to buy Decentralized data crypto system (DCS), you will be required to have either Bitcoin abbreviated as (BTC) or Ethereum (ETH) for trading purposes. I have reviewed the major cryptocurrency exchange Binance in this post to help you determine the best sites to buy cryptocurrency using a credit card or bank account. Take a read and get tips on the best cryptocurrency trading.
Step 1: How to create a Binance account:
1.1 Visit Binance’s Website (https://www.binance.com/en)
1.2 Fill in your trading details
1.3 Allow 2FA-Two-factor authentication (Optional)
Step 2: Buying your first Bitcoin (BTC)
I highly recommend buying Bitcoin first and then trading it for the right amount of Decentralized data crypto system (DCS).
Step 3: Create a Metamask Account
Open https://metamask.io website or search for “Metamask extension” in your favorite browser (you can install Metamask for Chrome, Firefox and Opera browsers).
We will show you how to install MetaMask extension for Chrome.
Click Add to Chrome to install MetaMask as Google Chrome extension.
Click Add Extension.
You have successfully installed MetaMask extension. That was easy, isn’t it? Now, it is time to add your existing cryptocurrency wallet.
If you don’t have a wallet yet, you can create one straight away.
When the extension is installed, click on the icon in the upper right corner to open the MetaMask, read and accept the terms.
Create a strong password and click Create.
You will see a 12 words seed phrase. Save seed words as a file or copy them to a safe place and click “I’ve copied it somewhere safe”.
Congratulations! You have successfully created an account in MetaMask with a new wallet address!
Now you can view your address on Etherscan (Ethereum blockchain explorer), check the QR code, copy your wallet’s address to clipboard or export your wallet’s private key.
Step 4: Connecting MetaMask to Binance Smart Chain
We want to access the Settings to point the wallet towards Binance Smart Chain nodes.
On the Settings page, we want to locate the Networks menu.
We want to click Add Network in the top-right corner to manually add the Binance Smart Chain one – it doesn’t come packaged with MetaMask. It’s important to note that there are two networks we can use here: the testnet or the mainnet. Below are the parameters to fill in for each.
Mainnet (This is the one you are probably looking for)
Network Name: Smart Chain
New RPC URL: https://bsc-dataseed.binance.org/
Block Explorer URL: https://bscscan.com
Once you Save the Network and return to the main view, you’ll notice one things: the network has automatically been set to the one you just entered.
Step 5: Deposit BNB to your MetaMask wallet
Hover over the account name at the top of the window, which will display “Copy to clipboard”
Click on the account name to copy your address
Paste your address in the “recipient” field in the application where you are sending your BNB or tokens from.
Select the amount you want to send, along with any other necessary steps to complete and submit the transaction and make sure to select transfer network “Binance Smart Chain (BSC) BEP20(BSC)”.
Note: Please consult with the organization of the application you are using for information on how to transfer your BNB/tokens.
Step:6 How to Make Your First Trade on Pancakeswap
First head over to the Pancakeswap exchange platform.
On the top right, click the ‘Connect to a wallet’ button, and log in with the wallet you wish to trade with.
We’ll log in with a MetaMask wallet.
Once logged in, the trading interface will appear.
In the top field, select the token you wish to exchange for the token you want. We’ll select BNB. In the bottom field, search for the token you wish to purchase, or select it from the drop-down menu, in this case (DCS).
Now you’re ready to set up your order. You can either choose how much you want to spend by entering a number in the top field, or choose how much to buy by entering a number in the bottom one.
At the bottom of the order menu, you’ll then see how much you can expect to receive.
If you’re happy with these figures, click the ‘Swap’ button.
Your wallet click will then prompt you to confirm the trade, and potentially adjust the fees to a number that works best for you.
When you’re ready, confirm the transaction and it will then be processed. Once it’s done, your tokens will appear in your ERC20 wallet.
Other Exchanges to Buy Cryptos
The following are other sites you can buy from these exchanges:
HotBit (Which permits US investors)
MXC (This exchange allows US investors)
On top of the above-listed exchanges, there are some more common crypto exchanges where daily trading volumes and a huge user base is available. This helps to ensure that you can sell your coins any time you want and the charges for the trading are not high. It is recommended that you should also register on these exchanges because whenever Decentralized data crypto system gets listed there it give the traders who have already registered a large amount of trading volumes, that means you will be provided with some great trading opportunities!
Final Step: How to Store Decentralized data crypto system securely in hardware wallets
1. Ledger Nano S
- Easy to set up and has a friendly trading interface.
- Allows use on desktops and laptops
- Lightweight and Portable too
- Has been designed to Support most blockchains and a wide range of (ERC-20) tokens
- Has many trading languages.
- Designed by a well-established company found in 2014 with great chip security
- It is not expensive but can be acquired at affordable price
2. Ledger Nano X
- It made with a more advanced and secure element chip (ST33) than Ledger Nano S
- Also Lightweight and Portable and has a built-in rechargeable battery
- Has a Larger screen
- Comes with more storage space compared toLedger Nano S
- It supports most blockchains and wide range of (ERC-20) tokens
- Provides several languages for every customer
- It was designed by a famous company found in 2014 with great chip security
- Can be obtained at an affordable price
If you still have plans to stay at hodl” as some people call it, basically misspelt “hold” (which become famous as time passes) your Decentralized data crypto system for some long time, you need to find ways to ensure it stays safe safe,
Frequently Asked Questions
Is it possible to buy Decentralized data crypto system with cash?
The answer is No. Because there is no way you can directly buy Decentralized data crypto system with cash. But, using marketplaces such as LocalBitcoins to first buy Bitcoin, and completethe rest of the steps by transferring your bitcoin to respective AltCoin exchanges.
How do I Buy Bitcoin from local sellers?
What are the quickest ways I can buy Decentralized data crypto system while living in Europe?
Can I use alternative platforms to purchase Decentralized data crypto system or Bitcoin with credit cards?
Could you please briefly introduce what is DCS?
The full name of the DCS platform is Decentralized Data Crypto System.
It is first deployed in BSC (Binance Smart Chain) and proposes the Mix-ZK protocol, which combines “hybrid data structure” and “zero-knowledge succinct non-interactive knowledge argumentation (zk-SNARK) principles to ensure user anonymity, gas reduction, the privacy of message transmission, and privacy of data institutions, provide users with digital asset security and privacy solutions, and create a new transaction model that is decentralized, secretive, safe, shared, and mutually beneficial.
What pain points does DCS want to solve?
Blockchain has the advantages of decentralization, anonymity, openness and transparency, and non-tamperability.
However, with the application of blockchain, we found that although the real identity of the trader will not be displayed on the public ledger of the blockchain, the user’s wallet, balance, trading time, etc. are all publicly available for inquiry.
So once the address of the trader is associated with the identity information, there is no privacy.
DCS is a blockchain commercial implementation platform that values user privacy. User information is well protected when to pay, vote, do charity, bidding, etc. via the DCS system.
What is the DCS token allocation model? How can I buy it?
The DCS platform token DCS token is issued based on BSC (Binance Smart Chain), with total supply of 60 million.
The fairness of DCS is that the output of the DCS founding team is synchronized with the mining mechanism.
The DCS belongs to the technical team, operation team, and foundation are all locked and will be unlocked in proportion to the mining output, and automatically executed by smart contracts without human control.
Could you tell us DCS roadmap?
First Phase: Set sail to the era of privacy encryption
2021.1-Discover the privacy needs of blockchain applications
2021.4 DCS proposed and implemented the Mix-ZK core algorithm
2021.6 DCS released version 1.0 white paper
2021.7.25-Provide airdrop benefits to the first batch of DCS consensus users
2021.8.7——The DCS encrypted credential system Dapp will be launched based on BSC;
2021.8.12-Encrypted certificate ecological mining, liquidity pledge mining, and trading fee dividends will be launched.
2021.9-Reaching cooperation with international first-line exchanges to circulate DCS certificates on the basis of DEX.
Second Phase: To achieve multi-chain encryption prosperity
Deploy contracts on multiple chains in the form of cross-chain bridges, etc., on the basis of running on BSC.
2021.12- Deployment on Ethereum contract (time will be adjusted according to the optimization of Ethereum gas fee)
2022.2- Complete deployment on Polkadot, TRON, Heco and other chains according to market demand gradually.
To achieve multi-chain support, improve consensus, and lay a solid foundation for commercial applications
Third Phase: To start a commercial journey
The application of DCS is gradually developing towards platformization.
Starting in 2022, in addition to the privacy protection of crypto assets, DCS will gradually be applied to various institutions and business scenarios, such as corporate bidding, anonymous voting, charity, auctions, medical care, archive storage and other commercial fields.
In 2023, DCS will become a leader in the field of blockchain privacy protection, build a market value of 100 billion, and drive blockchain crypto assets into an era of real value.