On decentralized exchanges, some cryptocurrencies, such as DiemLibre, can only be acquired with another cryptocurrency. This is How to Buy DiemLibre, first purchase Ethereum (ETH), then use ETH to purchase DiemLibre. You’ll need a self-custody wallet to accomplish this. For US residents, here’s how to do it with Coinbase Wallet.
Get the Coinbase Wallet.
DiemLibre may only be purchased with a self-custody wallet like Coinbase Wallet. The Coinbase Wallet mobile app and browser extension are also available. Coinbase Wallet can be downloaded here.
Select a Coinbase Wallet username
You must choose a username as part of the Coinbase Wallet setup process. Other Coinbase Wallet users can send you cryptocurrency using this login. You can keep your username private if you want, but you’ll need it to log in.
Keep your recovery phrase safe.
You’ll be issued a recovery phrase made up of 12 random words when you establish a new self-custody wallet. The recovery phrase is the key to your crypto, which means that anyone who knows it has access to it. Do not tell anyone your recovery phrase.
We strongly advise writing these down on paper and securely preserving them, as well as utilizing Coinbase Wallet’s cloud backup option.
Remember not to tell anyone your recovery phrase. You will never be asked for your recovery phrase by Coinbase. Coinbase will not be able to assist you if you forget your recovery phrase.
Recognize and budget for Ethereum network fees.
Fees vary depending on how busy the network is, how complex the transaction is, and how quickly you want it done. Make a provision for fees in your budget. More information on Ethereum fees may be found here.
Purchase ETH and deposit it to your Coinbase wallet. To buy Ethereum, you’ll need to open a Coinbase account if you don’t already have one (ETH). Here’s how to sign up for a Coinbase account and buy Ethereum (ETH). Whether you’re using the mobile app or the Chrome extension, the manner you send ETH to your Coinbase Wallet differs. Here are the full instructions.
In the trade tab, use your ETH to purchase DiemLibre. If you have Coinbase Wallet installed on your phone, you can buy DiemLibre directly from the app. Select the Coinbase Wallet App image. Then go to the “Trade” tab, where you may exchange ETH for an Ethereum-based token (also known as “ERC-20 tokens”). Select DiemLibre from the “choose coin” menu. Enter the amount of ETH you want to convert to DiemLibre. Remember to budget for transaction costs. Confirm your purchase and complete the process by following the on-screen instructions. You’re using the Chrome extension or the mobile app. Here are the full instructions.