A Step-by-Step-Guide on how to buy BitcoinX (BCX)
Step 1 – Signup to CEX.io You'll first need to buy one of the bigger coins. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Follow the Link below for registration and to get Funds.
Step 2 – Transmit Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Trader Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is identical. BitcoinX (BCX) is available on Binance, so we're going to use that as an sample. Unsure on how to send funds from Coinbase to an Crypto Trader? (Just follow this how-to) Make sure you've chosen the right coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etc. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our guide).
Step 3 – Find (BCX) BitcoinX As soon as your deposit has been affirmed, you'll instantly have access to your funds and you can commence purchasing and trading. To purchase (BCX) BitcoinX on Binance, you'll want to hover over the tab which is called “Exchange” and then mouse click on “Basic”. To find (BCX) BitcoinX, you'll need to insert the shortname of the coin (BCX) into the search box, which is marked in the picture. Make sure you have choosen the correct pairing, we've marked this too. Click on “BCX/BTC” to proceed.
Step 4 – Purchase BitcoinX (BCX) Once you have located BitcoinX (BCX), you will be presented with a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). For now we're going to make our Limit Order. The field with the “Price” tag will be filled with the most latest valuation BitcoinX (BCX) was traded for. This can be changed to your desired rate. The field with the “Amount” tag is the amount of BCX you want to purchase. The ”Total” field is the aggregated price in BTC that you will settle for the complete amount of BCX. When you are glad, make a mouse click on “Buy BCX”. Your plan will be filled when a Seller sells their BCX for the price you offered.
Step 5 – Withdraw BitcoinX (BCX) Unless you're regularly trading, never keep your coins on an Cryptocurrency Exchange for an extensive period of time. To take off your BitcoinX (BCX), hover over the ”Funds” tab and click on “Withdraw”. BitcoinX (BCX) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find BitcoinX (BCX) by using the given drop-down box. Drop in the quantity of BitcoinX (BCX) you would wish to take off. Don't forget the presented fees/minimums. Also make sure you have entered your correct withdraw address. If you're glad, click on “Submit”. You could be asked for verfication via email/phone before a withdrawal.