A Step-by-Step-Guide on how to buy Based Money ($BASED)
Step 1 – Signup to Kraken You will first need to buy units of the major coins. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click below for registration and getting Bitcoin or Ethereum.
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Trader Your Bitcoin or Ethereum has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is identical. Based Money ($BASED) 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've selected the precise coin you wish to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. If you're working with a decentralized exchange, like Airswap or DDEX could be different (Just follow our manual).
Step 3 – Find Based Money ($BASED) Once your deposit has been confirmed, you'll immediately have access to your funds and you can initiate purchasing and trading. To purchase Based Money ($BASED) on Binance, you will want to go to the ”Exchange” tab and after that mouse click on “Basic”. To find Based Money ($BASED), you'll need to insert the shortname of the coin ($BASED) into the search-box, which is marked in the picture. Make sure you have choosen the correct grouping, we've marked this too. Click on “$BASED/BTC” to advance.
Step 4 – Buying Based Money ($BASED) After you've spotted Based Money ($BASED), you will be given a Price Chart (in the Center of the picture) and some Order Books (Leftside of the image). And now we are creating our own Limit Order. The field with the “Price” tag will be filled automatically with the most recent rate Based Money ($BASED) was traded for. This can be changed to your desired rate. The ”Amount” field is the amount of $BASED you like to buy. The ”Total” field is the whole price in BTC that you'll settle for the whole amount of $BASED. When you're happy, click on “Buy $BASED”. Your plan will be filled as soon as a Seller trades their $BASED for the price you submitted.
Step 5 – Withdraw Based Money ($BASED) Unless you are regularly trading, best advise is not to keep your crypto on an Crypto Trader for an extensive time period. To withdraw your Based Money ($BASED), hover over the ”Funds” tab and click on “Withdraw”. Based Money ($BASED) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Based Money ($BASED) by using the given drop-down box. Enter the volumen of Based Money ($BASED) you'd like to take off. Don't forget the demonstrated fees/minimums. Also make sure you have entered your correct withdraw address. When you're satisfied, click “Submit”. You could be requested for verfication via phone/email ahead of a take off.