A Step-by-Step-Guide on how to buy BANKEX (BKX)
Step 1 – Signup to Kraken You will first need to buy one of the bigger currencies. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Click below for registration and getting Bitcoin or Ethereum.
Step 2 – Transmit Your ETH (Ethereum) or BTC (Bitcoin) to an Cryptocurrency Exchange Your Ethereum or Bitcoin has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. BANKEX (BKX) is available on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this manual) Make sure you've chosen the precise coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etcetera. In the case you are working with a decentralized exchange, like Airswap or DDEX could be different (Follow our guide).
Step 3 – Locate BANKEX (BKX) Once your deposit has been approved, you'll immediately have access to your funds and you can commence buying and trading. To buy BANKEX (BKX) on Binance, you'll want to go to the tab which is called “Exchange” and mouse click on “Basic”. In order to spot BANKEX (BKX), you'll need to insert the shortname of the coin (BKX) into the search box, which is marked in the graphic. Make sure you have selected the right grouping, we have marked this too. Click on “BKX/BTC” to advance.
Step 4 – Purchasing BANKEX (BKX) Once you've spotted BANKEX (BKX), you'll be given a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). Next we're creating our Limit Order. The ”Price” field will be filled automatically with the most latest valuation BANKEX (BKX) was traded for. This can be changed to your favoured rate. The field with the “Amount” tag is the quantity of BKX you want to buy. The ”Total” field is the aggregated price in BTC that you will settle for the complete quantity of BKX. If you are glad, make a mouse click on “Buy BKX”. Your order will be filled when a Vendor sells their BKX for the price you introduced.
Step 5 – Withdraw BANKEX (BKX) Unless you are frequently trading, best advise is not to keep your coins on an Exchange for an extensive time frame. To withdraw your BANKEX (BKX), hover over the ”Funds” tab and click on “Withdraw”. BANKEX (BKX) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find BANKEX (BKX) by using the provided drop-down box. Enter the amount of BANKEX (BKX) you would like to withdraw. Don't forget the shown minimus/fees. Also make sure you have entered your correct withdraw address. When you are satisfied, make a mouse click on “Submit”. You may be asked for verfication via email/phone before a take off.