A Step-by-Step-Guide on how to buy Based Money ($BASED)
Step 1 – Signup to Kraken You will first need to buy units of the major coins. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click below for registration and getting Bitcoin or Ethereum.
Step 2 – Transmit Your ETH (Ethereum) or BTC (Bitcoin) to an Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Exchange now. All exchanges have a deposit form that is alike. Based Money ($BASED) is available on Binance, so we're going to use that as an sample. Unsure on how to send Coinbase funds to an Exchange? (Follow these easy steps) Make sure you have selected the right coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. If you are using a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our manual).
Step 3 – Find Based Money ($BASED) Once your deposit has been confirmed, you'll immediately have access to your assets and you can commence purchasing and trading. To buy Based Money ($BASED) on Binance, you'll want to go to the tab which is called “Exchange” and then click on “Basic”. To spot Based Money ($BASED), you'll need to insert the shortname of the coin ($BASED) into the search box, which is highlighted in the picture. Make sure you have selected the correct grouping, we have highlighted this too. Click on “$BASED/BTC” to continue.
Step 4 – Buying Based Money ($BASED) After you have located Based Money ($BASED), you will be presented with a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). For now we are making our own Limit Order. The field with the “Price” tag will be filled automatically with the up-to-date price Based Money ($BASED) was traded for. This can be changed to your preferred rate. The field with the “Amount” tag is the volumen of $BASED you like to purchase. The ”Total” field is the whole price in BTC that you'll settle for the whole volumen of $BASED. When you are happy, make a mouse click on “Buy $BASED”. Your order will be filled as soon as a Vender sells their $BASED for the price you submitted.
Step 5 – Withdraw Based Money ($BASED) Unless you're frequently trading, best advise is not to keep crypto coins on an Cryptocurrency Exchange for an longer period of time. In order to take off your Based Money ($BASED), hover over the ”Funds” tab and mouse click on “Withdraw”. Based Money ($BASED) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Based Money ($BASED) by using the given drop-down box. Drop in the amount of Based Money ($BASED) you'd wish to take off. Don't forget the displayed minimus/fees. Also make sure you have filled your correct withdraw address. When you're satisfied, make a mouse click on “Submit”. You may be asked for phone/email verification before a take off.