A Step-by-Step-Guide on how to buy Bitforex Token (BF)
Step 1 – Signup to Kraken You will first need to purchase units of the major currencies. Exchanges normally accept either Ethereum or Bitcoin in exchange for Altcoins. Follow the Link below to register and getting BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Trader Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. Bitforex Token (BF) is obtainable on Binance, so we're going to use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Trader? (Just follow this manual) Make sure you've chosen the precise coin you would like to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etc. In the case you are using a decentralized exchange, such as Airswap or DDEX could be different (Just follow our guide).
Step 3 – Find Bitforex Token (BF) As soon as your deposit has been verified, you will now have access to your funds and you can launch purchasing and trading. To purchase Bitforex Token (BF) on Binance, you will want to go to the ”Exchange” tab and then click on “Basic”. In order to spot Bitforex Token (BF), you will need to insert the cointype (BF) into the search-box, which is marked in the image. Make sure you have selected the proper pairing, we have marked this also. Click on “BF/BTC” to proceed.
Step 4 – Buying Bitforex Token (BF) As soon as you have spotted Bitforex Token (BF), you will be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). Next we're creating our Limit Order. The field with the “Price” tag will be filled automatically with the most latest tariff Bitforex Token (BF) was sold for. You can change this to your desired rate. The ”Amount” field is the quantity of BF you wish to purchase. The ”Total” field is the aggregated price in Bitcoin that you'll pay for the whole quantity of BF. If you're glad, click on “Buy BF”. Your order will be filled when a Vender sells their BF for the price you offered.
Step 5 – Withdraw Bitforex Token (BF) Unless you are trading, never keep your crypto coins on an Crypto Trader for an extended time frame. To withdraw your Bitforex Token (BF), hover over the tab called “Funds” and mouse click on “Withdraw”. Bitforex Token (BF) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Bitforex Token (BF) by using the given drop-down box. Enter the amount of Bitforex Token (BF) you would like to withdraw. Take into account the displayed minimus/fees. Also make sure you have entered your precise withdraw address. If you are happy, make a mouse click on “Submit”. You could be requested for verfication via phone/email ahead of a take off.