A Step-by-Step-Guide on how to buy BaconSwap (BACON)
Step 1 – Signup to CEX.io In the beginning you'll need to purchase units of the major currencies. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click below for registration and to get Bitcoin or Ethereum.
Step 2 – Send Your Bitcoin or Ethereum to an Crypto Trader Your Ethereum or Bitcoin will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. BaconSwap (BACON) is accessible on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Crypto Trader? (Follow this manual) Make sure you have chosen the exact coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so forth. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our how-to).
Step 3 – Find BaconSwap (BACON) As soon as your deposit has been confirmed, you'll directly have access to your assets and you can commence buying and trading. To buy BaconSwap (BACON) on Binance, you'll want to hover over the tab which is called “Exchange” and then mouse click on “Basic”. In order to locate BaconSwap (BACON), you'll need to insert the cointype (BACON) into the search box, which is highlighted in the picture. Be certain of having selected the correct pairing, we've highlighted this also. Click on “BACON/BTC” to advance.
Step 4 – Purchasing (BACON) BaconSwap As soon as you have located (BACON) BaconSwap, you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). Next we are going to create our Limit Order. The field with the “Price” tag will be filled automatically with the recent rate (BACON) BaconSwap was traded for. You can change this to your favoured rate. The ”Amount” field is the quantity of BACON you want to buy. The ”Total” field is the total price in BTC that you will settle for the whole quantity of BACON. When you're happy, make a mouse click on “Buy BACON”. Your order will be filled when a Vendor sells their BACON for the price you offered.
Step 5 – Withdraw (BACON) BaconSwap Unless you're frequently trading, you should never keepyour crypto coins on an Crypto Exchange for an extensive period of time. In order to withdraw your (BACON) BaconSwap, hover over the tab called “Funds” and mouse click on “Withdraw”. (BACON) BaconSwap can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find (BACON) BaconSwap by using the given drop-down box. Put into the amount of (BACON) BaconSwap you would wish to withdraw. Don't forget the displayed minimus/fees. Also make sure you have entered your correct withdraw address. When you're glad, click “Submit”. You could be asked for verfication via phone/email before a withdrawal.