A Step-by-Step-Guide on how to buy BitMoney (BIT)
Step 1 – Join CEX.io In the beginning you'll need to buy one of the major coins. Exchanges usually accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click the button below for registration and receive ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transfer Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is identical. BitMoney (BIT) is obtainable on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Crypto Exchange? (Follow this manual) Make sure you've chosen the exact coin you wish to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etc. In the case you're using a decentralized exchange, such as Airswap or DDEX could be different (Follow our guide).
Step 3 – Find (BIT) BitMoney As soon as your deposit has been verified, you will now have access to your assets and you can begin buying and trading. To invest in (BIT) BitMoney on Binance, you will want to hover over the ”Exchange” tab and after that click on “Basic”. In order to locate (BIT) BitMoney, you will need to insert the shortname of the coin (BIT) into the search-box, which is marked in the image. Make sure you have selected the right pairing, we've marked this also. Click on “BIT/BTC” to progress.
Step 4 – Acquisition of (BIT) BitMoney After you've discovered (BIT) BitMoney, 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 up-to-date tariff (BIT) BitMoney was traded for. This can be changed to your preferred price. The field with the “Amount” tag is the volumen of BIT you want to buy. The field with the “Total” tag is the total price in BTC that you'll pay for the whole volumen of BIT. When you're glad, click on “Buy BIT”. Your plan will be filled when a Vendor sells their BIT for the price you gave.
Step 5 – Withdraw (BIT) BitMoney Unless you're regularly trading, best advise is not to keep crypto coins on an Crypto Exchange for an extended period of time. In order to withdraw your (BIT) BitMoney, hover over the tab called “Funds” and mouse click on “Withdraw”. (BIT) BitMoney can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find (BIT) BitMoney by using the given drop-down box. Drop in the amount of (BIT) BitMoney you'd like to withdraw. Take into account the presented fees/minimums. Also make sure you have filled your precise withdraw address. If you're happy, click on “Submit”. You could be asked for phone/email verification before a withdrawal.