A Step-by-Step-Guide on how to buy BitCoen (BEN)
Step 1 – Signup to Kraken You will first need to purchase units of the bigger coins. Exchanges normally accept either Bitcoin or Ethereum in exchange for alternative Coins. Click the button below to register and to get Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Send Your Bitcoin or Ethereum to an Cryptocurrency Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is identical. BitCoen (BEN) is accessible on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this manual) Make sure you have selected the precise coin you want to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etcetera. In the case you are working with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our guide).
Step 3 – Find BitCoen (BEN) As soon as your deposit has been affirmed, you will directly have access to your funds and you can commence purchasing and trading. To purchase BitCoen (BEN) on Binance, you will want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”. In order to find BitCoen (BEN), you will need to insert the cointype (BEN) into the search box, which is marked in the graphic. Be certain of having selected the right pairing, we have marked this also. Click on “BEN/BTC” to proceed.
Step 4 – Acquisition of BitCoen (BEN) Once you've located BitCoen (BEN), you will be given a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). And now we are making our own Limit Order. The ”Price” field will be filled automatically with the most up-to-date rate BitCoen (BEN) was sold for. This can be changed to your desired rate. The ”Amount” field is the amount of BEN you wish to buy. The field with the “Total” tag is the total price in BTC that you will settle for the whole amount of BEN. If you're satisfied, click on “Buy BEN”. Your plan will be filled as soon as a Vender sells their BEN for the price you offered.
Step 5 – Withdraw BitCoen (BEN) Unless you're frequently trading, never keep your crypto coins on an Cryptocurrency Exchange for an longer time period. In order to take off your BitCoen (BEN), hover over the ”Funds” tab and click on “Withdraw”. BitCoen (BEN) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find BitCoen (BEN) by using the provided drop-down box. Put into the amount of BitCoen (BEN) you would like to take off. Take into account the displayed minimus/fees. Also make sure you have filled your precise withdraw address. When you're glad, make a mouse click on “Submit”. You may be asked for verfication via phone/email before a withdrawal.