A Step-by-Step-Guide on how to buy BitcoinX (BCX)
Step 1 – Join Kraken In the beginning you'll need to buy units of the bigger coins. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Click below to register and receive BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Exchange Your Bitcoin or Ethereum has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. BitcoinX (BCX) is obtainable on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Exchange? (Just follow this guide) Make sure you have selected the exact coin you want to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow these easy steps).
Step 3 – Find BitcoinX (BCX) Once your deposit has been approved, you'll instantly have access to your funds and you can commence buying and trading. To buy BitcoinX (BCX) on Binance, you'll want to hover over the ”Exchange” tab and after that click on “Basic”. To discover BitcoinX (BCX), you'll need to put the short name of the asset (BCX) into the search-box, which is highlighted in the image. Make sure you have choosen the proper pairing, we've highlighted this also. Click on “BCX/BTC” to progress.
Step 4 – Purchase BitcoinX (BCX) As soon as you've found BitcoinX (BCX), you'll be presented with a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). And now we are going to create our Limit Order. The ”Price” field will be filled automatically with the most recent valuation BitcoinX (BCX) was sold for. This can be changed to your preferred rate. The field with the “Amount” tag is the volumen of BCX you wish to purchase. The ”Total” field is the total price in BTC that you will settle for the complete volumen of BCX. When you're happy, click on “Buy BCX”. Your plan will be filled when a Vender sells their BCX for the price you introduced.
Step 5 – Withdraw BitcoinX (BCX) Unless you are regularly trading, never keep your coins on an Crypto Exchange for an extended period of time. In order to withdraw your BitcoinX (BCX), go to the ”Funds” tab and click on “Withdraw”. BitcoinX (BCX) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate BitcoinX (BCX) by using the provided drop-down box. Put into the amount of BitcoinX (BCX) you'd wish to withdraw. Take into account the presented fees/minimums. Also make sure you have entered your correct withdraw address. If you are satisfied, click on “Submit”. You may be requested for phone/email verification before a withdrawal.