A Step-by-Step-Guide on how to buy BitcoinMono (BTCMZ)
Step 1 – Signup to Kraken You will first need to buy one of the top-tier currencies. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Follow the Link below to register and to get ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Exchange Your Ethereum or Bitcoin will need to be sent over to an Exchange now. Every exchange has a deposit form that is alike. BitcoinMono (BTCMZ) is accessible on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Exchange? (Just follow this how-to) 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 (Just follow our guide).
Step 3 – Locate BitcoinMono (BTCMZ) As soon as your deposit has been affirmed, you will directly have access to your assets and you can start purchasing and trading. To buy BitcoinMono (BTCMZ) on Binance, you will want to hover over the ”Exchange” tab and click on “Basic”. In order to discover BitcoinMono (BTCMZ), you will need to put the cointype (BTCMZ) into the search-box, which is highlighted in the picture. Make sure you have selected the proper grouping, we have highlighted this too. Click on “BTCMZ/BTC” to advance.
Step 4 – Buy BitcoinMono (BTCMZ) As soon as you have discovered BitcoinMono (BTCMZ), you'll 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 field with the “Price” tag will be filled with the recent rate BitcoinMono (BTCMZ) was traded for. You can change this to your desired rate. The ”Amount” field is the amount of BTCMZ you wish to purchase. The field with the “Total” tag is the whole price in BTC that you'll settle for the complete amount of BTCMZ. If you're glad, make a mouse click on “Buy BTCMZ”. Your order will be filled when a Vender trades their BTCMZ for the price you offered.
Step 5 – Withdraw BitcoinMono (BTCMZ) Unless you're regularly trading, you should never keepyour crypto coins on an Exchange for an longer time period. In order to take off your BitcoinMono (BTCMZ), go to the ”Funds” tab and click on “Withdraw”. BitcoinMono (BTCMZ) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find BitcoinMono (BTCMZ) by using the given drop-down box. Put into the quantity of BitcoinMono (BTCMZ) you'd wish to take off. Don't forget the shown fees/minimums. Also make sure you have filled your correct withdraw address. When you're glad, make a mouse click on “Submit”. You could be requested for email/phone verification ahead of a withdrawal.