A Step-by-Step-Guide on how to buy Bancacy (BNY)
Step 1 – Signup to Kraken You'll first need to purchase units of the bigger currencies. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click the button below for registration and to get Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transmit Your Funds to an Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Exchange now. Every exchange has a deposit form that is alike. Bancacy (BNY) is available on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Exchange? (Follow this guide) Make sure you have chosen the exact coin you wish to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so on. In the case you are using a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our how-to).
Step 3 – Find Bancacy (BNY) As soon as your deposit has been approved, you'll immediately have access to your assets and you can start invest and trading. To invest in Bancacy (BNY) on Binance, you'll want to go to the ”Exchange” tab and click on “Basic”. To discover Bancacy (BNY), you'll need to put the shortname of the coin (BNY) into the search-box, which is marked in the graphic. Be certain of having choosen the right pairing, we have marked this too. Click on “BNY/BTC” to go ahead.
Step 4 – Acquisition of Bancacy (BNY) As soon as you have spotted Bancacy (BNY), you will be presented with a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). And now we are going to make our Limit Order. The ”Price” field will be filled automatically with the recent price Bancacy (BNY) was sold for. You can change this to your favoured rate. The field with the “Amount” tag is the amount of BNY you want to purchase. The field with the “Total” tag is the whole price in BTC that you will settle for the complete amount of BNY. When you are glad, click on “Buy BNY”. Your order will be filled when a Seller trades their BNY for the price you offered.
Step 5 – Withdraw Bancacy (BNY) Unless you are trading, you should never keepyour coins on an Crypto Exchange for an extensive period of time. To take off your Bancacy (BNY), go to the tab called “Funds” and mouse click on “Withdraw”. Bancacy (BNY) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Bancacy (BNY) by using the provided drop-down box. Drop in the volumen of Bancacy (BNY) you'd like to take off. Take into account the presented fees/minimums. Also make sure you have entered your precise withdraw address. If you are satisfied, click on “Submit”. You may be requested for email/phone verification before a withdrawal.