A Step-by-Step-Guide on how to buy BitMoney (BIT)
Step 1 – Signup to Kraken In the beginning you'll need to purchase units of the top-tier coins. Exchanges usually accept either Ethereum or Bitcoin in exchange for Altcoins. Click the button below to register and receive Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Exchange Your Ethereum or Bitcoin will need to be sent over to an Exchange now. All exchanges have a deposit form that is alike. BitMoney (BIT) is accessible on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Exchange? (Just follow this guide) Make sure you've selected the precise coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so on. If you are using a decentralized exchange, like Airswap or DDEX could be different (Just follow these easy steps).
Step 3 – Find BitMoney (BIT) As soon as your deposit has been affirmed, you'll immediately have access to your finances and you can start invest and trading. To invest in BitMoney (BIT) on Binance, you'll want to hover over the tab which is called “Exchange” and click on “Basic”. To locate BitMoney (BIT), you'll need to insert the short name of the asset (BIT) into the search-box, which is marked in the graphic. Make sure you have selected the right pairing, we've marked this too. Click on “BIT/BTC” to go on.
Step 4 – Purchase BitMoney (BIT) Once you have spotted BitMoney (BIT), you will be presented with a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). For now we're going to make our Limit Order. The field with the “Price” tag will be automatically filled with the most recent rate BitMoney (BIT) was traded for. You can change this to your desired rate. The ”Amount” field is the volumen of BIT you want to buy. The ”Total” field is the total price in Bitcoin that you'll settle for the whole volumen of BIT. If you're satisfied, click on “Buy BIT”. Your order will be filled when a Seller trades their BIT for the price you submitted.
Step 5 – Withdraw BitMoney (BIT) Unless you are trading, never keep your coins on an Crypto Trader for an extensive period of time. To withdraw your BitMoney (BIT), hover over the ”Funds” tab and click on “Withdraw”. BitMoney (BIT) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find BitMoney (BIT) by using the given drop-down box. Drop in the volumen of BitMoney (BIT) you would wish to withdraw. Take into account the shown minimus/fees. Also make sure you have entered your right withdraw address. If you are glad, click “Submit”. You may be requested for verfication via email/phone ahead of a withdrawal.