A Step-by-Step-Guide on how to buy BaconCoin (BAK)
Step 1 – Signup to Coinbase and get 10$ for free You will first need to buy units of the major coins. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Click below for registration and to get your first 10$.
Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Trader Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. BaconCoin (BAK) is accessible on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Trader? (Just follow this how-to) Make sure you've chosen the exact coin you wish to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. If you're working with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our how-to).
Step 3 – Find BaconCoin (BAK) As soon as your deposit has been confirmed, you will immediately have access to your finances and you can start purchasing and trading. To buy BaconCoin (BAK) on Binance, you will want to hover over the tab which is called “Exchange” and after that click on “Basic”. To find BaconCoin (BAK), you will need to insert the cointype (BAK) into the search box, which is marked in the image. Make sure you have selected the correct grouping, we have marked this also. Click on “BAK/BTC” to continue.
Step 4 – Buy (BAK) BaconCoin As soon as you have found (BAK) BaconCoin, you'll be given a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). Next we are making our own Limit Order. The field with the “Price” tag will be filled with the up-to-date rate (BAK) BaconCoin was traded for. You can change this to your preferred price. The field with the “Amount” tag is the volumen of BAK you want to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you will settle for the whole volumen of BAK. When you're glad, click on “Buy BAK”. Your plan will be filled as soon as a Vender sells their BAK for the price you introduced.
Step 5 – Withdraw BaconCoin (BAK) Unless you're frequently trading, best advise is not to keep your crypto coins on an Crypto Trader for an extended period of time. In order to withdraw your BaconCoin (BAK), hover over the tab called “Funds” and click on “Withdraw”. BaconCoin (BAK) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate BaconCoin (BAK) by using the given drop-down box. Put into the volumen of BaconCoin (BAK) you'd like to withdraw. Don't forget the demonstrated minimus/fees. Also make sure you have entered your precise withdraw address. When you're happy, make a mouse click on “Submit”. You may be requested for verfication via email/phone ahead of a withdrawal.