How to Buy bitCNY (BITCNY)

A Step-by-Step-Guide on how to buy bitCNY (BITCNY)

Step 1 – Join Coinbase – Get Free $10

You will first need to buy units of the top-tier coins. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Follow the Link below for registration and receive your welcome 10$.

Coinbase Free Bitcoin

Binance Signup
Step 2 – Send Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Exchange

Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. bitCNY (BITCNY) is available on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow this manual)

Make sure you've selected the exact coin you wish to deposit.

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so forth. If you are dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Follow our guide).

Step 3 – Locate (BITCNY) bitCNY

Once your deposit has been approved, you will immediately have access to your finances and you can initiate invest and trading. To invest in (BITCNY) bitCNY on Binance, you will want to hover over the ”Exchange” tab and after that mouse click on “Basic”.

In order to find (BITCNY) bitCNY, you will need to insert the cointype (BITCNY) into the search box, which is marked in the graphic. Be certain of having choosen the proper pairing, we have marked this also. Click on “BITCNY/BTC” to go on.

Binance Hot To Buy bitCNY (BITCNY)
Binance How to Buy (BITCNY) bitCNY
Step 4 – Buying (BITCNY) bitCNY

Once you have discovered (BITCNY) bitCNY, you will be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). And now we're creating our own Limit Order.

The field with the “Price” tag will be filled with the most up-to-date valuation (BITCNY) bitCNY was sold for. This can be changed to your favoured rate. The field with the “Amount” tag is the volumen of BITCNY you wish to purchase. The ”Total” field is the total price in Bitcoin that you will pay for the complete volumen of BITCNY.

When you're glad, make a mouse click on “Buy BITCNY”. Your plan will be filled as soon as a Seller trades their BITCNY for the price you introduced.

Step 5 – Withdraw bitCNY (BITCNY)

Unless you are frequently trading, never keep your crypto coins on an Exchange for an longer time frame. To withdraw your bitCNY (BITCNY), go to the tab called “Funds” and mouse click on “Withdraw”. bitCNY (BITCNY) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find bitCNY (BITCNY) by using the given drop-down box. Drop in the volumen of bitCNY (BITCNY) you'd wish to withdraw. Don't forget the displayed minimus/fees. Also make sure you have filled your right withdraw address.

When you are glad, click on “Submit”. You may be requested for email/phone verification ahead of a take off.

Binance Withdraw

Congrats! You have successfully purchased and safed bitCNY (BITCNY).

That's it!

Withdrawals from Crypto Exchange can durate between 1 – 30 minutes (rely on usage of the network). As soon as you have confirmed your take off with Etherscan.io or Ethplorer.io and the bitCNY (BITCNY) is safe in your wallet, you are done.