A Step-by-Step-Guide on how to buy Bitcoin 2 (BTC2)
Step 1 – Join Kraken You'll first need to buy units of the bigger currencies. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Follow the Link below to register and getting Ethereum or Bitcoin.
Step 2 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Cryptocurrency Exchange Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Exchange now. Every exchange has a deposit form that is similar. Bitcoin 2 (BTC2) is available on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Trader? (Just follow this guide) Make sure you have chosen the right coin you wish to deposit. BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, et cetera. If you are using a decentralized exchange, like Airswap or DDEX could be opposed (Follow our manual).
Step 3 – Locate Bitcoin 2 (BTC2) Once your deposit has been confirmed, you'll now have access to your funds and you can initiate invest and trading. To invest in Bitcoin 2 (BTC2) on Binance, you'll want to hover over the tab which is called “Exchange” and after that click on “Basic”. In order to spot Bitcoin 2 (BTC2), you'll need to insert the shortname of the coin (BTC2) into the search box, which is highlighted in the graphic. Be certain of having choosen the correct pairing, we have marked this too. Click on “BTC2/BTC” to go on.
Step 4 – Buying Bitcoin 2 (BTC2) After you've located Bitcoin 2 (BTC2), you will be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the image). For now we are creating our own Limit Order. The ”Price” field will be filled with the most latest valuation Bitcoin 2 (BTC2) was traded for. You can change this to your preferred price. The field with the “Amount” tag is the amount of BTC2 you wish to purchase. The field with the “Total” tag is the whole price in BTC that you'll pay for the complete volumen of BTC2. If you're happy, click on “Buy BTC2”. Your order will be filled as soon as a Seller sells their BTC2 for the price you gave.
Step 5 – Withdraw Bitcoin 2 (BTC2) Unless you are frequently trading, you should never keepyour coins on an Exchange for an extensive period of time. In order to withdraw your Bitcoin 2 (BTC2), go to the tab called “Funds” and click on “Withdraw”. Bitcoin 2 (BTC2) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Bitcoin 2 (BTC2) by using the given drop-down box. Drop in the quantity of Bitcoin 2 (BTC2) you'd like to take off. Don't forget the presented minimus/fees. Also make sure you have entered your correct withdraw address. When you are satisfied, make a mouse click on “Submit”. You may be requested for phone/email verification ahead of a withdrawal.
Congratulations! You've successfully bought and safed Bitcoin 2 (BTC2).That's it! Take offs from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (rely on usage of the network). Once you have confirmed your take off using Ethplorer.io or Etherscan.io and the (BTC2) Bitcoin 2 is stored in your wallet, you are done.
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