A Step-by-Step-Guide on how to buy BitMoney (BIT)
Step 1 – Join Coinbase and recieve 10$ for free You'll first need to buy units of the top-tier coins. Exchanges normally accept either Ethereum or Bitcoin in exchange for alternative Coins. Click the button below for registration and getting your first 10$.
Step 2 – Transfer Your Ethereum or Bitcoin to an Exchange Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Exchange now. Every exchange has a deposit form that is similar. BitMoney (BIT) is accessible on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Exchange? (Just follow these easy steps) Make sure you have selected the right coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, et cetera. If you're dealing with a decentralized exchange, like Airswap or DDEX could be different (Just follow these easy steps).
Step 3 – Locate BitMoney (BIT) As soon as your deposit has been affirmed, you will immediately have access to your assets and you can launch buying and trading. To purchase BitMoney (BIT) on Binance, you will want to go to the ”Exchange” tab and click on “Basic”. In order to find BitMoney (BIT), you will need to put the shortname of the coin (BIT) into the search-box, which is highlighted in the image. Make sure you have choosen the right pairing, we've highlighted this also. Click on “BIT/BTC” to go on.
Step 4 – Buying BitMoney (BIT) After you've discovered BitMoney (BIT), you will be presented with a Price Chart (in the Center of the image) and a few Order Books (Leftside of the image). And now we're making our Limit Order. The ”Price” field will be automatically filled with the up-to-date valuation BitMoney (BIT) was sold for. This can be changed to your favoured rate. The ”Amount” field is the amount of BIT you like to buy. The ”Total” field is the aggregated price in BTC that you will settle for the whole amount of BIT. If you are satisfied, click on “Buy BIT”. Your order will be filled as soon as a Seller sells their BIT for the price you offered.
Step 5 – Withdraw (BIT) BitMoney Unless you're trading, best advise is not to keep your crypto on an Cryptocurrency Exchange for an extensive time frame. To withdraw your (BIT) BitMoney, go to the ”Funds” tab and click on “Withdraw”. (BIT) BitMoney can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find (BIT) BitMoney by using the provided drop-down box. Put into the quantity of (BIT) BitMoney you'd wish to withdraw. Take into account the displayed fees/minimums. Also make sure you have entered your precise withdraw address. If you're glad, click on “Submit”. You may be requested for email/phone verification before a withdrawal.