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 – Send Your Ethereum or Bitcoin to an Exchange Your Bitcoin or Ethereum will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is identical. Band Protocol (BAND) is available on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Crypto Exchange? (Just follow this how-to) Make sure you have selected the right 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're dealing with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our guide).
Step 3 – Locate Band Protocol (BAND) Once your deposit has been affirmed, you will immediately have access to your funds and you can commence buying and trading. To buy Band Protocol (BAND) on Binance, you will want to go to the ”Exchange” tab and after that click on “Basic”. To discover Band Protocol (BAND), you'll need to put the cointype (BAND) into the search box, which is marked in the picture. Make sure you have selected the correct pairing, we have marked this too. Click on “BAND/BTC” to go on.
Step 4 – Acquisition of Band Protocol (BAND) After you've found Band Protocol (BAND), you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the image). Next we're going to create our own Limit Order. The ”Price” field will be automatically filled with the most latest rate Band Protocol (BAND) was traded for. You can change this to your preferred rate. The ”Amount” field is the amount of BAND you like to buy. The field with the “Total” tag is the whole price in BTC that you'll pay for the complete amount of BAND. If you are glad, make a mouse click on “Buy BAND”. Your plan will be filled as soon as a Seller sells their BAND for the price you gave.
Step 5 – Withdraw Band Protocol (BAND) Unless you are regularly trading, never keep your crypto on an Crypto Exchange for an longer period of time. In order to take off your Band Protocol (BAND), hover over the ”Funds” tab and click on “Withdraw”. Band Protocol (BAND) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Band Protocol (BAND) by using the provided drop-down box. Put into the quantity of Band Protocol (BAND) you would wish to withdraw. Don't forget the demonstrated minimus/fees. Also make sure you have filled your correct withdraw address. If you are satisfied, make a mouse click on “Submit”. You could be requested for phone/email verification before a take off.