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 Exchange

Your Bitcoin or Ethereum has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. Based Money ($BASED) is available on Binance, so we're going to use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Exchange? (Follow this how-to)

Make sure you've chosen the correct coin you would like to deposit.

BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so on. In the case you're using a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our guide).

Step 3 – Find Based Money ($BASED)

Once your deposit has been affirmed, you'll instantly have access to your funds and you can launch purchasing and trading. To purchase Based Money ($BASED) on Binance, you'll want to hover over the tab which is called “Exchange” and after that click on “Basic”.

In order to locate Based Money ($BASED), you will need to put the short name of the asset ($BASED) into the search box, which is highlighted in the image. Make sure you have choosen the right grouping, we've marked this too. Click on “$BASED/BTC” to continue.

Step 4 – Buying Based Money ($BASED)

As soon as you have discovered Based Money ($BASED), you will be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). Next we are creating our own Limit Order.

The ”Price” field will be automatically filled with the most up-to-date valuation Based Money ($BASED) was traded for. This can be changed to your favoured rate. The field with the “Amount” tag is the amount of $BASED you want to buy. The ”Total” field is the whole price in Bitcoin that you'll settle for the complete amount of $BASED.

If you are happy, make a mouse click on “Buy $BASED”. Your plan will be filled as soon as a Vendor sells their $BASED for the price you gave.

Step 5 – Withdraw Based Money ($BASED)

Unless you're regularly trading, you should never keepyour crypto on an Crypto Trader for an extended time period. In order to take off your Based Money ($BASED), hover over the tab called “Funds” and mouse click on “Withdraw”. Based Money ($BASED) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find Based Money ($BASED) by using the given drop-down box. Drop in the volumen of Based Money ($BASED) you would like to take off. Don't forget the demonstrated fees/minimums. Also make sure you have entered your precise withdraw address.

If you are glad, make a mouse click on “Submit”. You could be asked for verfication via email/phone before a withdrawal.