A Step-by-Step-Guide on how to buy ()
Step 1 – Join Kraken You will first need to buy one of the bigger currencies. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click the button below for registration and to get Funds.
Step 2 – Transmit Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Exchange Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is alike. () is available on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this manual) Make sure you have chosen the right coin you wish to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our how-to).
Step 3 – Find () Once your deposit has been affirmed, you will directly have access to your finances and you can start invest and trading. To invest in () on Binance, you will want to go to the tab which is called “Exchange” and then mouse click on “Basic”. To find (), you'll need to insert the short name of the asset () into the search box, which is marked in the image. Make sure you have selected the correct pairing, we've marked this too. Click on “/BTC” to proceed.
Step 4 – Buying () After you have discovered (), you'll be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the image). And now we're creating our own Limit Order. The ”Price” field will be filled with the most latest rate () was traded for. This can be changed to your desired rate. The ”Amount” field is the amount of you like to buy. The ”Total” field is the whole price in Bitcoin that you'll pay for the complete quantity of . When you're glad, make a mouse click on “Buy ”. Your order will be filled as soon as a Seller sells their for the price you introduced.
Step 5 – Withdraw () Unless you are frequently trading, best advise is not to keep your crypto on an Crypto Trader for an extended period of time. To take off your (), hover over the tab called “Funds” and click on “Withdraw”. () can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate () by using the provided drop-down box. Enter the amount of () you would wish to withdraw. Don't forget the shown fees/minimums. Also make sure you have entered your correct withdraw address. When you are satisfied, click on “Submit”. You may be requested for verfication via phone/email ahead of a take off.