A Step-by-Step-Guide on how to buy BaconSwap (BACON)
Step 1 – Signup to Kraken You will first need to buy one of the major currencies. Exchanges commonly accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Follow the Link below to register and to get Bitcoin or Ethereum.
Step 2 – Send Your Funds to an Crypto Exchange Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. BaconSwap (BACON) is accessible on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Just follow these easy steps) Make sure you have chosen the precise coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow these easy steps).
Step 3 – Find BaconSwap (BACON) As soon as your deposit has been approved, you'll directly have access to your assets and you can initiate purchasing and trading. To buy BaconSwap (BACON) on Binance, you'll want to go to the tab which is called “Exchange” and after that mouse click on “Basic”. To locate BaconSwap (BACON), you'll need to insert the short name of the asset (BACON) into the search-box, which is highlighted in the graphic. Make sure you have selected the proper pairing, we have highlighted this too. Click on “BACON/BTC” to go on.
Step 4 – Purchasing BaconSwap (BACON) After you have located BaconSwap (BACON), you'll be presented with a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). Next we're creating our Limit Order. The field with the “Price” tag will be automatically filled with the up-to-date rate BaconSwap (BACON) was traded for. You can change this to your preferred price. The ”Amount” field is the amount of BACON you wish to purchase. The ”Total” field is the total price in BTC that you will pay for the whole amount of BACON. When you are satisfied, click on “Buy BACON”. Your order will be filled as soon as a Vender trades their BACON for the price you gave.
Step 5 – Withdraw BaconSwap (BACON) Unless you are trading, never keep your coins on an Exchange for an extensive period of time. To withdraw your BaconSwap (BACON), go to the tab called “Funds” and mouse click on “Withdraw”. BaconSwap (BACON) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find BaconSwap (BACON) by using the given drop-down box. Enter the quantity of BaconSwap (BACON) you would wish to withdraw. Take into account the demonstrated minimus/fees. Also make sure you have filled your correct withdraw address. If you are satisfied, click on “Submit”. You could be asked for phone/email verification before a take off.