A Very Cost Effective Way to buy DRGN (DragonChain) with USD

Currently, there is no way to buy DRGN directly with USD without first buying another cryptocurrency. This quick tutorial will show you how to go from USD to DRGN in the most cost-effective way starting from Coinbase.

Disclaimer: Using the Coinbase link will net you and I both an extra $10 of BTC if you happen to purchase $100. The Kucoin link is also an affiliate link.

Let’s Get Started

  1. Create a Coinbase account if you don’t already have one.
  2. Connect your bank account to avoid credit card transaction fees.
    If you don’t want to wait, you can immediately buy funds with a credit or debit card (Visa/Mastercard).
  3. Create a Kucoin account if you don’t already have one. This is where we will end up acquiring DRGN.
  4. Login to GDAX with your Coinbase account. GDAX is simply Coinbase’s exchange. The reason we are using GDAX is that it is free to transfer funds out of, whereas in Coinbase, there incurs a fee. It also free to transfer funds from Coinbase into GDAX, so don’t worry there.
  5. Confirm your identity on GDAX with something as simple as a picture of the front and back of your license. The process can also be completed on Coinbase here. It took about 24 hours for my identity to be verified. I have heard that it has considerably sped up recently, only to a couple of hours.
    If you get rejected instantly a few times, try using the mobile app. That helped for me.
  6. If GDAX identity confirmation is taking some time, go ahead and transfer funds from your bank to buy Ethereum (ETH) so we’ll be ready to go once you are confirmed. Purchase the USD amount you want to invest into DragonChain, we are only using Ethereum to exchange for DRGN.
Purchasing ETH on Coinbase

Once Everything Has Been Set Up…

We’re good to go. The flow of funds looks like this:

USD -> Coinbase -> ETH -> GDAX -> Kucoin -> DRGN

I know it looks a bit daunting, but trust me — it isn’t and wont take but 15 minutes or so (depending on transfer speeds). Plus, I’ll walk you through the whole process myself. Okay, here we go!

  1. Go to this page on GDAX to deposit your ETH from Coinbase.
Depositing ETH from Coinbase into GDAX

2. Press the DEPOSIT button as shown above, and press the Coinbase Account tab, selecting ETH Wallet as the source.

Selecting ETH as the source

3. Press the Deposit funds button and confirm the deposit.

4. Navigate to this page on Kucoin.

Finding the ETH wallet address

5. Copy your ETH wallet addressand go back to this same page on GDAX. Press the WITHDRAW button this time.

Withdraw ETH from GDAX

6. Navigate to the ETH Address tab and paste in your ETH wallet address from Kucoin into the DESTINATION field, and press the (MAX) button to populate the amount for you.

7. Press Withdraw funds and wait for the ETH to transfer to Kucoin. You can check on the status within Kucoin here, once they are transferred they will appear.

8. Once they are in Kucoin, navigate to this page, and press the ETH tab.

Ethereum Exchange

9. Press on DRGN/ETH or another coin you wish to buy. You will be taken to this page.

Buying DRGN with ETH!

10. Press the blue hyperlink to the right of “Best price”. Then, press the blue hyperlink to the right of “Max”. Then, press the Buy button.

CONGRATULATIONS you now own DRGN!!!!

There’s nothing to do now but hodl on and watch the price shoot up!

Want to buy Ripple (XRP)? Check out my other guide on how to buy it!

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