If you have any interest to buy DMme (DMME), 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)
There have been several phishing cases reported over the past years that are imitations to the original site, it is essential to scrutinize the URL to the website keenly. First, be on the lookout for the ‘Secure’ certificate that should pop up in your address bar and that acts as a confirmation of the site’s genuineness. Second, to be extra safe while trading on the platform, ensure to bookmark the authentic site to evade any confusion in future searches.
1.2 Fill in your trading details
You have to fill in your details by going to the ‘’Register” tab found in the right-hand corner of the website’s page and fill in your trading details. For instance, you will need to fill in your mobile number or you choose to use your email address. For the email address, it is necessary to use your main email that you can access easily and the most secure one since you will need it to sign in to your Binance account always.
You also need to choose a strong password for your email; a strong password should comprise a mix of numbers, symbols, upper and lower-case letters. You will receive a 6-digit code via the email you provided as your account’s verification code and for completing the registration process.
1.3 Allow 2FA-Two-factor authentication (Optional)
To make your account more secure you need to allow use of a two-factor authentication after your first log in. Trust me; it is vital to set up the 2FA because it makes your account more secure from any hacking activity!
Every time you log in with the two-factor authentication, you will need to provide a unique code once your type in your email and password. To get your unique code, use the Google authenticator app downloaded into your smartphone.
Step 2: Buying your first Bitcoin (BTC)
To send money to your Crypto wallet account on Binance either directly via your bank account through SWIFT money transfer or you can opt to use your debit/credit card. For this part, I will guide you on how to use your credit card.
Binance previously didn’t allow the use of credit or debit cards on its platform, but the same has been introduced. Binance partnered with Simplex to allow its users to use their credit and debit cards to buy Bitcoin or Ethereum. This has led to faster Crypto transaction speeds, low transaction charges, and more transaction flexibility.
I highly recommend buying Bitcoin first and then trading it for the right amount of DMme (DMME).
It is easy to purchase Bitcoins via your credit card but I will elaborate on best ways you can do it step-by-step to make sure you understand all the trading nitty-gritty.
- Move your mouse’s cursor to ‘Buy Crypto’ tab found on the top bar and activate the dropdown menu. Then choose the currency, For instance, US Dollars, and click the ‘Credit/Debit Card’ to lead you to the next step.
- You be led to the next page; in this page you will see options to choose the desired Bitcoin (Select BTC), and the amount you need to spend to buy your choice Bitcoin amount. The total amount you need to spend will be displayed according to the Bitcoin amount you request and the matching market price at that time (inclusive of all fees). However, you can choose to first set the total charge then the system will automatically calculate the order amount for you.
- Next, click “Buy BTC. A window that contains all the details of your order will pop up. However, before you confirm your order you need to read the disclaimer and Terms of Use. Once satisfied, confirm your order by ticking the tab and head to “Go to payment’’; click.
- Fill in your credit card details and personal information too. Once done, you need to click “Pay now” and give it a moment to verify your details.
- You will be required to verify your email and phone number if it happens to be your first simplex payment via a code send through your email or an SMS. Complete the verification process by opening the link in your email and type in the code you receive via SMS. Once you do all the above, you can click “Continue”.
- Verification of identity follows next via the use of an official document. Basically upload your identification document photo accompanied by your personal details and click the “Upload Document” tab.
Lastly, your personal document will be approved once verified by the system and an email send to show the confirmation of order purchase. Subsequently, your Binance account is credited with the purchased BTC or Ethereum.
Step 3: Transferring Your Cryptos to an Altcoin Exchange Crex24
Let me now guide you on how to buy DMme (DMME) using your investment from Binance.
You have to know that not every crypto can be traded in Binance we need to transfer our coins to an exchange that DMme (DMME) can be traded.
So let me show you how to use Crex24 which is a famous exchange to trade altcoins. You have to use the link below to register your new account.
If you have completed similar processes as we’ve done before with Binance we are ready to transfer our Bitcoins.
Step 4: Depositing BTC to Exchange
Once you have created your new trading account setup at one of the exchanges that trades DMme (DMME), you will need to transfer your BTC from Binance to that specific exchange.
You will have to do this via your wallet system. Deposit BTC to crex24 Click to “Account” from the menu on the left.
You will write “BTC” into search box and press deposit button. Now copy the given “Deposit Address” This process may be a little bit difficult but don’t worry, it is easier than a bank transfer.
If you have copied your unique BTC wallet address go back to Binance. Nex, move your cursor to “Wallet” on the right hand side of the topbar and once the popup shows up, click on “Fiat and Spot (Deposit & Withdrawal)”.
Look for BTC in the list and click on “Withdraw” on the right hand side. Then, you paste the deposit address you just copied from the other exchange and select BTC as the transfer network.
Type the amount that you want to withdraw (you may click the Max button if you want to withdraw all).
Next you have to click the Submit button to begin with the withdrawal process. To continue with the withdrawal, Binance may ask you for your 2FA code and also you will have to confirm the withdrawal with an e-mail.
That is all you need to do, now you should wait for a few seconds so that the blockchain to confirm your transaction.
Step 5: Trading DMme (DMME)
You have now to go back to Bitmax to buy DMme (DMME) with the Bitcoins you sent.
Move your mouse over to trading and then click “standard” found under cash trading.
Make sure to choose “BTC” In the left column, pair it and in the search bar type in “DMME”.
If you have already moved your coin click on it and now you will see a price chart of DMME/BTC in the middle of the page.
Next, select the “Market” tab as that is the most straight-forward type of buying orders.
You can either choose to type in your amount or choose what portion of your BTC deposit you would like to spend on buying, by clicking on the percentage buttons.
If you have confirmed everything, click “Buy DMME”. Now you own your DMME.
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)
Bilaxy
OKEx
Huobi Global
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 DMme 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 DMme 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
- Has an easy design that allows the use on desktop or laptop, or even smartphone and tablet through Bluetooth connection.
- 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 DMme for some long time, you need to find ways to ensure it stays safe safe,
However Binance is the most safe cryptocurrency exchange, in the past few years there have been hacking incidents and funds were lost. Because of the design of the wallets in exchanges, they will be accessible always via the internet (“Hot Wallets” as they are called), therefore exposing certain aspects of weaknesses.
Thus safeguard your cryptos by putting them in “Cold Wallets”, where the wallet will only have access to the blockchain(or simply “go online”) when you send out funds,. This reduces the chances of being hacked. For example, use a paper wallet which is a type of free cold wallet. It can also be defined as an offline-produced pair of public and private address and that you write on a paper for keeping safely with you. But, it is not permanent and may be faced by certain risk.
Thus, Hardware wallet is therefore the best compared to cold wallets. Since they are usually USB-enabled devices that can hold the key information of your wallet in the safest manner. Also they are designed using military-level security and their firmware’s are continuously upgraded by their manufacturers and this makes them extra safe to use. For example, Ledger Nano S and Ledger Nano X and are most common hardware wallets, you can buy one at $50 to $100 depending on the specifications they have. I highly recommend these for holding your assets because these wallets are a worthy every penny according to my experience and opinion.
Frequently Asked Questions
Is it possible to buy DMme with cash?
The answer is No. Because there is no way you can directly buy DMme 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?
You can go to LocalBitcoins that is a peer-to-peer Bitcoin exchange. It is more of a marketplace where users can buy and sell Bitcoins to and from each other. Users, known as traders, make advertisements to show their price and the payment method they want used. Then buyers buy from the traders to buy from sellers in a particular nearby region on the platform. LocalBitcoins is after all a good place to go to buy Bitcoins when it is impossible for you to find your favorite payment methods somewhere else. The site’s prices are high and you have you have to be extra careful to avoid conmen.
What are the quickest ways I can buy DMme while living in Europe?
While in Europe you have the advantage of buying cryptos in an easy and quick way. Because Europe has even online banks which help buyers to simply open an account and transfer money to exchanges such as Coinbase and Coinmama. Such banks which are common as online banks in Europe are Bunq, N26 and Revolut.
Can I use alternative platforms to purchase DMme or Bitcoin with credit cards?
Yes you can, you just need to visit Changelly which an easy to trade in site especially when it comes to buying Bitcoin with credit cards. It provides an automatic cryptocurrency exchange that gives a buyer the opportunity to exchange crypto fast and buy them using credit card. It has been designed to allow users to have easy crypto buying since it has a simple user interface and provides instructions that are easy to follow too.
About DMme (DMME)
What Is DMme (DMME)?
DMme is a messaging application that uses the Ethereum blockchain.
The main goal for DMme is to allow users to communicate securely, protecting both their identity and data, though “military grade end-to-end encryption.”
The project was launched in January 2020 and is available in Google Play. Its iOS version was expected in April 2020, but hadn’t materialized by the end of the year.
There is little information available about when it might be available, while DMme’s official website does not seem to work.
Who Are the Founders of DMme?
The main name behind DMme is Twitter user CryptoMocho. They are responsible for giving updates on the project — and their messages are regularly retweeted by DMme’s official account.
The rest of the team known to the public also uses aliases. Gremlins and Scar69 are in charge of marketing, Biologik is an advisor, Daywalker_ is a developer, while the source code was produced by a private development company.
CryptoMocho has 129,000 followers on Twitter, but the DMme.app official account has just over 1,000 followers. The official account last posted in August 2020, giving no further updates about the project other than a video showing a “developer update.” In mid-July, a “sneak peak” of what the app would look like was released, containing four screenshots.
What Makes DMme Unique?
DMme is described as a messaging app that uses military encryption technology to protect user information.
While files and messages are stored on WhatsApp or Telegram servers, DMme is said to store all data in the user’s phone. To join the app, no phone number has to be shared and only an email address is needed. DMme encourages users to create a new email address when registering.
Since there has been no whitepaper published, and the code is not open source, there is very little information about the technicalities of the project. It is said to use AES-256 encryption, which is the Advanced Encryption Standard with a 256-bit key size.
DMme is an ERC-20 token using Ethereum’s blockchain. There are a couple of ERC-20 tokens that provide privacy features such as Status and Orchid.
However, unlike DMme, these projects are open source and available for audit. Nevertheless, the idea is that the DMme token will be used to pay for subscriptions that allow the team to update the app and develop new features. The project is self-funded and, according to the DMme team, this ensures executives are invested in its success.
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How Many DMme (DMME) Coins Are There in Circulation?
There are just over six million coins in circulation, while the team is holding on to 10 million. According to the DMME Token Tracker, there were 270 DMME holders by the end of 2020, while a total of 60 million coins will be issued.
How Is the DMme Network Secured?
The DMme team is said to be planning to build an ecosystem around the app, which will include a peer-to-peer service where DMME would be used as a payment method. It is also said that DMme holders will be paid a monthly dividend for holding DMME tokens.
The official DMme.app Twitter account has a pinned tweet dated August 4, 2020, stating that anyone holding 100,000 DMME in their wallet would earn a share of 333,000 DMME on the 10th of each month as long as they hold DMME for a minimum of 20 days.
Where Can You Buy DMme (DMME)?
DMME is available at SatoExchange, Uniswap, Tidex and CREX24.