Dentacoin is the first cryptocurrency designed for use in the dental industry. It works as a dentistry specific cryptocurrency that allows patients to pay for dental treatment while allowing professionals in the industry to purchase supplies and equipment. You will learn in this article where and how to buy dentacoin
By taking out the middle man in the industry, dentacoin makes it much easier for suppliers, service providers, and labradorites from across the word to seamlessly buy and sell. From patients to dentists to suppliers of equipment and medicines, the entire dental industry can now use dentacoin for safe, secure, and often cost-effective transactions.
Where to Buy Dentacoin
For those wondering where to buy dentacoin, there are a few options currently available. Like any cryptocurrency, you must visit an exchange platform to purchase dentacoin tokens. Current platforms selling dentacoin include:
Steps to Take Before You Buy Dentacoin
It is only possible to buy dentacoin with another cryptocurrency, so first you need to purchase either Bitcoin or Ethereum. These are two of the easiest cryptocurrencies to buy, making them a great choice for buying your dentacoin.
You also need a wallet to store and transfer any of these cryptocurrencies when using them to buy dentacoin. There are no official wallets for dentacoin, meaning you should use another type that is compatible with this currency.
So, lets start with purchasing and storing bitcoin to help purchase dentacoin.
Step One – Buying Bitcoins
The easiest way to buy bitcoin is to visit Coinbase. It’s a popular website and one of the easiest for purchasing a variety of the most common cryptocurrencies, including bitcoin and Ethereum.
Register an account at Coinbase – be sure to bring some form of ID to verify all your personal information you register.
After registering with Coinbase, take the following steps:
- Select the buy sell tab at the top menu
- Choose bitcoin (or Ethereum if you prefer) and choose an amount to spend in dollars
- Select the buy button and then confirm your purchase
- Keep the tab open (if using Coinbase Wallet) or send the coins to your wallet address
Coinbase accepts credit cards and bank transfers as payment methods, so it’s the easiest to use for beginners.
Also, the fact it follows strict rules regarding ID verification makes generally the most reliable and secure exchange site for this step.
Step Two – Storing Bitcoin
You will need a wallet to store and transfer bitcoin, along with storing your dentacoin once you buy it. There are few options for wallets, including:
- Ledger Nano S (for both btc & DentaCoin) – Hardware wallet that must be purchased individually, offers some of the best protection from malware and hacks.
- MyEtherWallet (DentaCoin) – An online wallet that holds a variety of currencies. Good security, although not as strong compared to hardware and desktop wallets.
- Jaxx – A software wallet downloaded to your desktop browser. Free to use and great for holding various currencies also includes a mobile app.
- Coinbase (for btc storage) – You can store also store currencies on Coinbase, one of the leading coin exchange platforms. Not the most secure, but ideal for quick transactions.
You need to register an account with any of these wallets. Bear in mind that a physical wallet such as Ledger Nano S will set you back around $100, although it offers unrivalled security.
Jaxx is a great desktop browser worth downloading, while Coinbase and MyEtherWallet are good online wallets, although these shouldn’t be your main form of storage.
No matter which one you choose, be sure to register the correct details and follow instructions for how to download, store, and transfer your coins.
Keep a note of the WALLET ADDRESS provided from any of these wallets, as this is needed later.
A Step by Step Guide for How to Buy Dentacoin with Bitcoin
Now you should have some bitcoin saved in your online Coinbase wallet, meaning you can now use this cryptocurrency to purchase from an exchange platform that sells dentacoin.
In this example, we are going to buy dentacoin from Cryptopia, but the processes remain mostly the same at any exchange platform
Start by visiting the Cryptopia website and registering an account. It’s much the same as registering with Coinbase, including verification using official identification.
Make sure your password is strong, keeping a mixture of upper and lower case, along with some numbers and symbols. Now you should be able to log into the website.
At the top right-hand side of the home screen, select the B button, and then choose the DEPOSIT option.
Search for the cryptocurrency to deposit into Cryptopia. In this case, we are using bitcoin, but you can choose anything, providing you have purchased it from Coinbase.
You should then be given a DEPOSIT ADDRESS for Cryptopia. Save this address.
We are going to do this based on Coinbase’s online wallet, but you can send it from another wallet, using the address provided when you registered.
At the Coinbase tab, select ACCOUNTS, and select your wallet at the left-hand side. Choose the SEND option from here and copy the DEPOSIT ADDRESS you saved from Cryptopia.
This should now send the bitcoin to Cryptopia.
After waiting a few minutes, your bitcoin should now be deposited in your Cryptopia account.
At Cryptopia, select the EXCHANGE tab found in the top left section of the screen, and then choose dentacoin (DCN) from the list.
Select how much you want to spend, and complete the transaction following guidelines from the website.
How to Store Dentacoin
Go to the BALANCE section of your account, which is your online wallet for Cryptopia, and do the following:
- Select WIDTHDRAW DCN.
- Choose the amount of DCN to withdraw – we recommend withdrawing all your coins and storing them in a secure desktop, online, or hardware wallet.
- Provide a DCN wallet address to store your dentacoin – Jaxxx and MyEtherWallet are suitable options that are free to use.
- Simply copy this into the ADDRESS option when prompted
- Select next and finish the transaction
Your dentacoin should now appear in your specified wallet after a few minutes!