What is DarkCoin | How to Buy DarkCoin

Recently a new Altcoin has emerged called Darkcoin. The idea behind dark coin is this -It’s like Bitcoin only totally anonymous. But wait, isn’t Bitocin anonymous as well ?

Well…not really. Bitcoin is what you’d call pseudonymous, meaning your public address isn’t linked to your personal information, but once you trade at an exchange or a bank the link can be made easily. And since the Blockchain is public for everyone to see this becomes a problem to some people.

So what is Darkcoin ?

Darkcoin is like a digital version of cash – you choose whether your transactions are private or public. Just like Bitcoins, Darkcoins are stored inside a digital wallet. But Darkcoin wallets allow you to stay private even when trading at exchanges or other 3rd parties.

“Darksend”, which is the payment system Darkcoin uses allows anyone to make transaction anonymously. This is achieved through mixing different transactions together so no one will be able to track who sent the original coins.

On the technical side there are only 22 million Darkcoins that can be mined (just like Bitcoin) and generating a block takes 2.5 minues (25% than what it take to generate a Bitcoin block).

Where can you buy Darkcoins ?

Darkcoins can be find on different exchanges that deal with Altcoins. The biggest Altcoin exchanges today are Cryptsy and MintPal. Inside Cryptsy you’ll be able to find a DRK/BTC exchange which will let you exchange Bitcoins for Darkcoins. MintPal also supplies a similar exchange. If you haven’t purchased any Bitcoins yet you can do so using our buying guides. There is no direct USD to DRK exchange at the moment.

buying Darkcoin with Bitcoins

In order to store you Darkcoins you will need Darkcoin wallet which you can download here. Darkcoin was created on March 2014 and since then has managed to gain considerable traction amount the crypto-currency community.

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Michael VanBibberSteven HayEasy DarkcoinOfir Beigelgaragedoorguide Recent comment authors
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Michael VanBibber
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Michael VanBibber

Are DARKcoin and DASH the same? Every time I try to get a wallet to store my DARKcoin in, I always get sent to a DASH wallet.

Easy Darkcoin
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Easy Darkcoin

British users can buy Darkcoin directly via instant bank transfer from EasyDarkcoin.com which eliminates the need for buy BTC in order to convert to DRK on an exchange.

garagedoorguide
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garagedoorguide

I already own bitcoins through COINBASE. How do I purchase/ exchange for DarkCoins?