A Step-by-Step-Guide on how to buy ()
Step 1 – Signup to CEX.io You'll first need to purchase units of the major coins. Exchanges usually accept either Ethereum or Bitcoin in exchange for Altcoins. Click the button below for registration and getting Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transfer Your Bitcoin or Ethereum to an Cryptocurrency Exchange Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is identical. () is accessible on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this how-to) Make sure you have chosen the precise coin you would like to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you're using a decentralized exchange, like Airswap or DDEX could be different (Just follow our how-to).
Step 3 – Locate () Once your deposit has been affirmed, you'll now have access to your finances and you can initiate purchasing and trading. To purchase () on Binance, you'll want to go to the ”Exchange” tab and then mouse click on “Basic”. In order to locate (), you'll need to insert the shortname of the coin () into the search-box, which is highlighted in the image. Make sure you have choosen the proper pairing, we have highlighted this also. Click on “/BTC” to advance.
Step 4 – Acquisition of () As soon as you have located () , you will be presented with a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). Next we're going to make our own Limit Order. The ”Price” field will be automatically filled with the most recent price () was sold for. This can be changed to your favoured price. The ”Amount” field is the amount of you wish to purchase. The field with the “Total” tag is the whole price in Bitcoin that you will settle for the complete amount of . If you're glad, make a mouse click on “Buy “. Your order will be filled when a Vender sells their for the price you submitted.
Step 5 – Withdraw () Unless you are trading, best advise is not to keep your crypto on an Crypto Trader for an extensive period of time. To take off your (), go to the ”Funds” tab and mouse click on “Withdraw”. () can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate () by using the given drop-down box. Put into the quantity of () you'd like to take off. Take into account the shown fees/minimums. Also make sure you have filled your correct withdraw address. When you are glad, click on “Submit”. You may be requested for verfication via phone/email ahead of a withdrawal.