A Step-by-Step-Guide on how to buy Band Protocol (BAND)
Step 1 – Signup to Kraken In the beginning you'll need to buy units of the top-tier coins. Exchanges normally accept either Bitcoin or Ethereum in exchange for Altcoins. Click below for registration and getting Bitcoin or Ethereum.
Step 2 – Transmit Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Trader Your Ethereum or Bitcoin has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. Band Protocol (BAND) is accessible on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Trader? (Follow this guide) Make sure you've chosen the exact coin you would like to deposit. BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, and so on. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our guide).
Step 3 – Find Band Protocol (BAND) As soon as your deposit has been approved, you will immediately have access to your funds and you can launch purchasing and trading. To invest in Band Protocol (BAND) on Binance, you'll want to go to the tab which is called “Exchange” and after that mouse click on “Basic”. To locate Band Protocol (BAND), you'll need to insert the shortname of the coin (BAND) into the search box, which is marked in the picture. Make sure you have choosen the proper pairing, we have marked this too. Click on “BAND/BTC” to go on.
Step 4 – Buy Band Protocol (BAND) Once you have found Band Protocol (BAND), you will be presented with a Price Chart (in the Center of the image) and a few Order Books (Leftside of the picture). And now we're going to create our own Limit Order. The field with the “Price” tag will be automatically filled with the most up-to-date tariff Band Protocol (BAND) was sold for. This can be changed to your desired rate. The field with the “Amount” tag is the amount of BAND you like to buy. The ”Total” field is the total price in Bitcoin that you'll pay for the complete volumen of BAND. If you're glad, make a mouse click on “Buy BAND”. Your order will be filled when a Seller trades their BAND for the price you submitted.
Step 5 – Withdraw Band Protocol (BAND) Unless you're regularly trading, best advise is not to keep crypto on an Cryptocurrency Exchange for an extensive time frame. In order to withdraw your Band Protocol (BAND), go to the ”Funds” tab and mouse click on “Withdraw”. Band Protocol (BAND) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Band Protocol (BAND) by using the provided drop-down box. Put into the volumen of Band Protocol (BAND) you would like to withdraw. Take into account the demonstrated fees/minimums. Also make sure you have filled your precise withdraw address. If you are happy, click on “Submit”. You may be asked for verfication via email/phone before a withdrawal.