A Step-by-Step-Guide on how to buy BITSCOIN (BTCX)
Step 1 – Join CEX.io You will first need to buy units of the top-tier currencies. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Click below for registration and to get Bitcoin or Ethereum.
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Cryptocurrency Exchange Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. BITSCOIN (BTCX) is accessible on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this manual) Make sure you have selected the exact coin you would like to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so forth. In the case you are working with a decentralized exchange, like Airswap or DDEX could be opposed (Follow our manual).
Step 3 – Locate (BTCX) BITSCOIN Once your deposit has been confirmed, you'll directly have access to your assets and you can initiate buying and trading. To purchase (BTCX) BITSCOIN on Binance, you'll want to go to the tab which is called “Exchange” and then mouse click on “Basic”. In order to discover (BTCX) BITSCOIN, you'll need to put the cointype (BTCX) into the search-box, which is highlighted in the picture. Be certain of having choosen the right grouping, we've highlighted this also. Click on “BTCX/BTC” to proceed.
Step 4 – Purchasing BITSCOIN (BTCX) After you have spotted BITSCOIN (BTCX), you will be given a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). Next we're creating our own Limit Order. The ”Price” field will be filled with the latest valuation BITSCOIN (BTCX) was traded for. This can be changed to your favoured price. The ”Amount” field is the volumen of BTCX you want to purchase. The ”Total” field is the whole price in Bitcoin that you will pay for the complete volumen of BTCX. If you are happy, click on “Buy BTCX”. Your order will be filled when a Seller sells their BTCX for the price you introduced.
Step 5 – Withdraw BITSCOIN (BTCX) Unless you are regularly trading, you should never keepyour coins on an Crypto Exchange for an longer period of time. In order to take off your BITSCOIN (BTCX), hover over the ”Funds” tab and click on “Withdraw”. BITSCOIN (BTCX) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find BITSCOIN (BTCX) by using the provided drop-down box. Put into the volumen of BITSCOIN (BTCX) you'd like to take off. Don't forget the demonstrated fees/minimums. Also make sure you have filled your right withdraw address. If you are satisfied, make a mouse click on “Submit”. You may be requested for email/phone verification ahead of a take off.