A Step-by-Step-Guide on how to buy Bitcoinus (BITS)
Step 1 – Signup to Kraken You'll first need to buy one of the top-tier currencies. Exchanges commonly accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Click the button below to register and receive ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transfer Your Ethereum or Bitcoin to an Crypto Trader Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. Bitcoinus (BITS) 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 these easy steps) Make sure you've selected the exact coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so forth. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our guide).
Step 3 – Locate Bitcoinus (BITS) As soon as your deposit has been approved, you'll instantly have access to your finances and you can launch buying and trading. To invest in Bitcoinus (BITS) on Binance, you'll want to hover over the ”Exchange” tab and then mouse click on “Basic”. In order to discover Bitcoinus (BITS), you'll need to put the short name of the asset (BITS) into the search box, which is marked in the picture. Be certain of having choosen the correct grouping, we have marked this also. Click on “BITS/BTC” to go on.
Step 4 – Buying Bitcoinus (BITS) As soon as you have discovered Bitcoinus (BITS), you will be given a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). For now we're making our Limit Order. The field with the “Price” tag will be filled automatically with the most latest valuation Bitcoinus (BITS) was traded for. You can change this to your desired price. The ”Amount” field is the volumen of BITS you wish to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you will settle for the whole volumen of BITS. If you're glad, click on “Buy BITS”. Your plan will be filled as soon as a Seller sells their BITS for the price you gave.
Step 5 – Withdraw Bitcoinus (BITS) Unless you're frequently trading, best advise is not to keep coins on an Crypto Exchange for an extensive period of time. To withdraw your Bitcoinus (BITS), hover over the ”Funds” tab and click on “Withdraw”. Bitcoinus (BITS) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Bitcoinus (BITS) by using the given drop-down box. Put into the amount of Bitcoinus (BITS) you'd like to withdraw. Take into account the presented minimus/fees. Also make sure you have filled your right withdraw address. When you're glad, make a mouse click on “Submit”. You may be requested for email/phone verification before a withdrawal.