A Step-by-Step-Guide on how to buy Bitcurrency (BC)
Step 1 – Signup to Kraken You'll first need to purchase units of the bigger currencies. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Follow the Link below to register and receive Ethereum or Bitcoin.
Step 2 – Transfer Your Bitcoin (BTC) or Ethereum (ETH) to an Exchange Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Exchange now. All exchanges have a deposit form that is identical. Bitcurrency (BC) is obtainable on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Exchange? (Follow this manual) Make sure you have selected the precise coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etc. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be different (Follow our how-to).
Step 3 – Locate Bitcurrency (BC) As soon as your deposit has been confirmed, you'll directly have access to your funds and you can commence buying and trading. To invest in Bitcurrency (BC) on Binance, you'll want to go to the ”Exchange” tab and click on “Basic”. To locate Bitcurrency (BC), you'll need to insert the cointype (BC) into the search-box, which is highlighted in the image. Make sure you have choosen the proper grouping, we have highlighted this too. Click on “BC/BTC” to go ahead.
Step 4 – Purchasing Bitcurrency (BC) Once you have spotted Bitcurrency (BC), you'll be given a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the image). Next we're making our own Limit Order. The field with the “Price” tag will be filled with the most latest rate Bitcurrency (BC) was sold for. You can change this to your favoured rate. The field with the “Amount” tag is the amount of BC you wish to purchase. The field with the “Total” tag is the aggregated price in BTC that you'll settle for the whole amount of BC. If you're glad, click on “Buy BC”. Your plan will be filled as soon as a Vendor sells their BC for the price you gave.
Step 5 – Withdraw Bitcurrency (BC) Unless you are trading, you should never keepyour crypto coins on an Cryptocurrency Exchange for an extensive period of time. To withdraw your Bitcurrency (BC), hover over the tab called “Funds” and click on “Withdraw”. Bitcurrency (BC) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Bitcurrency (BC) by using the given drop-down box. Put into the quantity of Bitcurrency (BC) you would like to withdraw. Take into account the presented minimus/fees. Also make sure you have entered your precise withdraw address. If you are happy, click “Submit”. You may be asked for email/phone verification ahead of a take off.