How to Buy Bitstar (BITS)

Step 1 – Signup to Kraken

You will first need to purchase units of the major currencies. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Click below to register and getting BTC (Bitcoin) or ETH (Ethereum).

Step 2 – Transmit Your Funds to an Crypto Trader

Your Bitcoin or Ethereum will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. Bitstar (BITS) is available on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow these easy steps)

Make sure you have chosen the correct coin you would like to deposit.

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so on. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our manual).

Step 3 – Locate Bitstar (BITS)

Once your deposit has been confirmed, you'll immediately have access to your funds and you can begin buying and trading. To purchase Bitstar (BITS) on Binance, you will want to go to the tab which is called “Exchange” and after that click on “Basic”.

In order to discover Bitstar (BITS), you'll need to insert the short name of the asset (BITS) into the search box, which is highlighted in the picture. Be certain of having choosen the correct grouping, we have highlighted this also. Click on “BITS/BTC” to progress.

Step 4 – Acquisition of Bitstar (BITS)

Once you have found Bitstar (BITS), you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the image). And now we're going to create our own Limit Order.

The field with the “Price” tag will be filled automatically with the most recent price Bitstar (BITS) was sold for. You can change this to your preferred price. The ”Amount” field is the quantity of BITS you wish to purchase. The field with the “Total” tag is the whole price in BTC that you'll pay for the complete volumen of BITS.

If you are happy, click on “Buy BITS”. Your order will be filled when a Seller sells their BITS for the price you introduced.

Step 5 – Withdraw Bitstar (BITS)

Unless you're regularly trading, best advise is not to keep crypto on an Crypto Exchange for an longer period of time. To withdraw your Bitstar (BITS), go to the ”Funds” tab and mouse click on “Withdraw”. Bitstar (BITS) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Bitstar (BITS) by using the given drop-down box. Drop in the amount of Bitstar (BITS) you'd like to withdraw. Take into account the displayed fees/minimums. Also make sure you have filled your right withdraw address.

When you are glad, click on “Submit”. You could be asked for verfication via phone/email before a withdrawal.