A Step-by-Step-Guide on how to buy Bismuth (BIS)
Step 1 – Join Kraken In the beginning you'll need to buy units of the major coins. Exchanges commonly accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click below to register and getting Ethereum or Bitcoin.
Step 2 – Transfer Your Ethereum or Bitcoin to an Exchange Your Bitcoin or Ethereum has to be sent over to an Exchange now. Every exchange has a deposit form that is alike. Bismuth (BIS) is accessible on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Exchange? (Follow this guide) Make sure you have selected the precise coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, et cetera. In the case you're using a decentralized exchange, such as Airswap or DDEX could be different (Just follow these easy steps).
Step 3 – Find Bismuth (BIS) Once your deposit has been affirmed, you will now have access to your finances and you can initiate buying and trading. To purchase Bismuth (BIS) on Binance, you will want to go to the ”Exchange” tab and after that mouse click on “Basic”. To discover Bismuth (BIS), you will need to put the short name of the asset (BIS) into the search box, which is highlighted in the graphic. Make sure you have selected the correct pairing, we have marked this too. Click on “BIS/BTC” to proceed.
Step 4 – Purchasing Bismuth (BIS) As soon as you've spotted Bismuth (BIS), you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the image). And now we're creating our own Limit Order. The field with the “Price” tag will be automatically filled with the most recent valuation Bismuth (BIS) was sold for. You can change this to your desired rate. The field with the “Amount” tag is the amount of BIS you like to purchase. The ”Total” field is the whole price in BTC that you'll settle for the complete volumen of BIS. When you're satisfied, click on “Buy BIS”. Your plan will be filled when a Seller sells their BIS for the price you submitted.
Step 5 – Withdraw Bismuth (BIS) Unless you are frequently trading, you should never keepyour coins on an Exchange for an extensive period of time. In order to withdraw your Bismuth (BIS), hover over the tab called “Funds” and mouse click on “Withdraw”. Bismuth (BIS) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Bismuth (BIS) by using the given drop-down box. Put into the volumen of Bismuth (BIS) you would wish to take off. Don't forget the demonstrated minimus/fees. Also make sure you have filled your correct withdraw address. When you are happy, click “Submit”. You could be asked for phone/email verification before a take off.