A Step-by-Step-Guide on how to buy BitcoinMoney (BCM)
Step 1 – Join Kraken You will first need to buy units of the major currencies. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Follow the Link below to register and getting Bitcoin or Ethereum.
Step 2 – Send Your Ethereum (ETH) or Bitcoin (BTC) to an Exchange Your Bitcoin or Ethereum will need to be sent over to an Exchange now. Every exchange has a deposit form that is similar. BitcoinMoney (BCM) is obtainable on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Exchange? (Follow these easy steps) Make sure you have selected the correct coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so on. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Follow our manual).
Step 3 – Find BitcoinMoney (BCM) Once your deposit has been affirmed, you'll directly have access to your finances and you can initiate buying and trading. To invest in BitcoinMoney (BCM) on Binance, you'll want to go to the ”Exchange” tab and after that click on “Basic”. In order to find BitcoinMoney (BCM), you'll need to insert the cointype (BCM) into the search box, which is marked in the image. Be certain of having selected the proper grouping, we have marked this too. Click on “BCM/BTC” to proceed.
Step 4 – Purchase BitcoinMoney (BCM) Once you have located BitcoinMoney (BCM), you'll be presented with a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the image). For now we're going to make our Limit Order. The ”Price” field will be filled with the latest price BitcoinMoney (BCM) was sold for. This can be changed to your preferred price. The field with the “Amount” tag is the amount of BCM you like to purchase. The ”Total” field is the total price in BTC that you'll settle for the whole amount of BCM. When you're happy, make a mouse click on “Buy BCM”. Your plan will be filled as soon as a Vendor sells their BCM for the price you gave.
Step 5 – Withdraw BitcoinMoney (BCM) Unless you're frequently trading, you should never keepyour crypto on an Cryptocurrency Exchange for an extended time period. In order to take off your BitcoinMoney (BCM), go to the tab called “Funds” and mouse click on “Withdraw”. BitcoinMoney (BCM) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate BitcoinMoney (BCM) by using the given drop-down box. Put into the quantity of BitcoinMoney (BCM) you'd wish to take off. Take into account the demonstrated minimus/fees. Also make sure you have entered your precise withdraw address. If you're happy, click on “Submit”. You may be requested for phone/email verification ahead of a take off.