A Step-by-Step-Guide on how to buy Birake (BIR)
Step 1 – Signup to Kraken You will first need to purchase units of the major currencies. Exchanges commonly accept either Bitcoin or Ethereum in exchange for alternative Coins. Click below to register and getting ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transmit Your Funds to an Crypto Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is identical. Birake (BIR) is accessible on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Crypto Exchange? (Follow this manual) Make sure you've selected the precise coin you wish to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so forth. In the case you're using a decentralized exchange, such as Airswap or DDEX could be different (Follow our guide).
Step 3 – Locate Birake (BIR) As soon as your deposit has been approved, you'll immediately have access to your finances and you can commence buying and trading. To buy Birake (BIR) on Binance, you'll want to go to the tab which is called “Exchange” and click on “Basic”. In order to locate Birake (BIR), you'll need to insert the shortname of the coin (BIR) into the search-box, which is marked in the picture. Make sure you have choosen the right pairing, we've marked this too. Click on “BIR/BTC” to proceed.
Step 4 – Purchase Birake (BIR) Once you have spotted Birake (BIR), you will be presented with a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the image). And now we are making our Limit Order. The field with the “Price” tag will be automatically filled with the up-to-date valuation Birake (BIR) was sold for. You can change this to your favoured rate. The ”Amount” field is the amount of BIR you like to purchase. The ”Total” field is the whole price in BTC that you will pay for the complete amount of BIR. When you are glad, make a mouse click on “Buy BIR”. Your plan will be filled when a Seller sells their BIR for the price you gave.
Step 5 – Withdraw Birake (BIR) Unless you are trading, best advise is not to keep your crypto on an Cryptocurrency Exchange for an extensive time period. To withdraw your Birake (BIR), go to the ”Funds” tab and click on “Withdraw”. Birake (BIR) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Birake (BIR) by using the given drop-down box. Enter the volumen of Birake (BIR) you'd like to withdraw. Don't forget the demonstrated minimus/fees. Also make sure you have entered your precise withdraw address. When you are satisfied, click on “Submit”. You could be asked for phone/email verification ahead of a withdrawal.