A Step-by-Step-Guide on how to buy Benz (BENZ)
Step 1 – Join Coinbase and get 10$ for free In the beginning you'll need to buy one of the major coins. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Follow the Link below for registration and getting your welcome 10$.
Step 2 – Transfer Your Bitcoin (BTC) or Ethereum (ETH) to an Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Exchange now. All exchanges have a deposit form that is alike. Benz (BENZ) is available on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Exchange? (Follow this how-to) Make sure you've selected the precise coin you would like to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you are using a decentralized exchange, like Airswap or DDEX could be opposed (Follow our how-to).
Step 3 – Locate Benz (BENZ) As soon as your deposit has been approved, you will instantly have access to your finances and you can start purchasing and trading. To buy Benz (BENZ) on Binance, you will want to go to the tab which is called “Exchange” and then mouse click on “Basic”. In order to spot Benz (BENZ), you will need to put the cointype (BENZ) into the search-box, which is marked in the graphic. Make sure you have selected the correct grouping, we've marked this also. Click on “BENZ/BTC” to progress.
Step 4 – Acquisition of (BENZ) Benz Once you have located (BENZ) Benz, you will be presented with a Price Chart (in the Center of the image) and a few Order Books (Leftside of the image). And now we're going to make our own Limit Order. The field with the “Price” tag will be automatically filled with the latest rate (BENZ) Benz was traded for. This can be changed to your desired rate. The ”Amount” field is the quantity of BENZ you like to purchase. The ”Total” field is the total price in BTC that you will pay for the complete quantity of BENZ. If you're satisfied, make a mouse click on “Buy BENZ”. Your order will be filled when a Seller sells their BENZ for the price you gave.
Step 5 – Withdraw (BENZ) Benz Unless you're regularly trading, never keep your crypto on an Crypto Exchange for an longer time period. To withdraw your (BENZ) Benz, hover over the tab called “Funds” and mouse click on “Withdraw”. (BENZ) Benz can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find (BENZ) Benz by using the given drop-down box. Put into the amount of (BENZ) Benz you'd like to withdraw. Don't forget the demonstrated minimus/fees. Also make sure you have filled your right withdraw address. When you're happy, click on “Submit”. You could be asked for phone/email verification before a withdrawal.