A Step-by-Step-Guide on how to buy Benz (BENZ)
Step 1 – Join Kraken In the beginning you'll need to purchase units of the top-tier coins. Exchanges normally accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Follow the Link below to register and getting ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Send Your Bitcoin or Ethereum to an Crypto Trader Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. Benz (BENZ) is available on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Exchange? (Follow this guide) Make sure you have chosen the right coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so on. If you're working with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our manual).
Step 3 – Locate Benz (BENZ) Once your deposit has been affirmed, you'll immediately have access to your finances and you can begin buying and trading. To buy Benz (BENZ) on Binance, you will want to go to the ”Exchange” tab and then click on “Basic”. To spot Benz (BENZ), you will need to put the shortname of the coin (BENZ) into the search-box, which is marked in the picture. Be certain of having selected the correct pairing, we've marked this too. Click on “BENZ/BTC” to go on.
Step 4 – Purchase Benz (BENZ) Once you have spotted Benz (BENZ), you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the picture). For now we're going to make our own Limit Order. The field with the “Price” tag will be filled automatically with the most up-to-date tariff Benz (BENZ) was sold for. You can change this to your desired rate. The field with the “Amount” tag is the volumen of BENZ you wish to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you will settle for the complete quantity of BENZ. If you are satisfied, make a mouse click on “Buy BENZ”. Your order will be filled when a Seller sells their BENZ for the price you introduced.
Step 5 – Withdraw Benz (BENZ) Unless you're regularly trading, you should never keepyour coins on an Cryptocurrency Exchange for an extensive time period. To take off your Benz (BENZ), hover over the tab called “Funds” and mouse click on “Withdraw”. Benz (BENZ) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Benz (BENZ) by using the given drop-down box. Put into the amount of Benz (BENZ) you'd wish to withdraw. Don't forget the demonstrated minimus/fees. Also make sure you have entered your correct withdraw address. If you are satisfied, make a mouse click on “Submit”. You could be requested for email/phone verification before a withdrawal.