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 – Send Your Bitcoin or Ethereum to an Cryptocurrency Exchange

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Exchange now. Every exchange has a deposit form that is alike. Based Money ($BASED) is accessible on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow these easy steps)

Make sure you've selected the exact coin you would like to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, et cetera. In the case you are using a decentralized exchange, like Airswap or DDEX could be different (Follow these easy steps).

Step 3 – Find Based Money ($BASED)

As soon as your deposit has been approved, you'll directly have access to your funds and you can launch buying 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”.

In order to spot Based Money ($BASED), you will need to put the shortname of the coin ($BASED) into the search box, which is marked in the picture. Make sure you have selected the correct grouping, we have marked this also. Click on “$BASED/BTC” to proceed.

Step 4 – Acquisition of Based Money ($BASED)

As soon as you have found Based Money ($BASED), you'll be presented with a Price Chart (in the Center of the image) and a few Order Books (Leftside of the picture). Next we are making our own Limit Order.

The field with the “Price” tag will be filled automatically with the most recent valuation Based Money ($BASED) was sold for. You can change this to your favoured price. The field with the “Amount” tag is the quantity of $BASED you like to buy. The field with the “Total” tag is the total price in Bitcoin that you will settle for the complete amount of $BASED.

When you are glad, click on “Buy $BASED”. Your order will be filled as soon as a Vendor trades their $BASED for the price you offered.

Step 5 – Withdraw Based Money ($BASED)

Unless you are frequently trading, best advise is not to keep your coins on an Exchange for an longer time frame. In order to withdraw your Based Money ($BASED), go to the tab called “Funds” and click on “Withdraw”. Based Money ($BASED) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find Based Money ($BASED) by using the given drop-down box. Enter the amount of Based Money ($BASED) you'd wish to withdraw. Don't forget the presented minimus/fees. Also make sure you have filled your correct withdraw address.

When you are happy, make a mouse click on “Submit”. You may be asked for email/phone verification before a take off.