A Step-by-Step-Guide on how to buy BlackCoin (BLK)
Step 1 – Join CEX.io In the beginning you'll need to purchase units of the bigger coins. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click below for registration and getting Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transfer Your Funds to an Cryptocurrency Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is alike. BlackCoin (BLK) is accessible on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow these easy steps) Make sure you've chosen the exact coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our how-to).
Step 3 – Locate BlackCoin (BLK) Once your deposit has been affirmed, you'll directly have access to your finances and you can initiate invest and trading. To invest in BlackCoin (BLK) on Binance, you'll want to hover over the ”Exchange” tab and click on “Basic”. In order to locate BlackCoin (BLK), you'll need to insert the short name of the asset (BLK) into the search-box, which is marked in the picture. Be certain of having selected the right grouping, we have marked this too. Click on “BLK/BTC” to progress.
Step 4 – Purchasing (BLK) BlackCoin After you have discovered (BLK) BlackCoin, you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). And now we are going to create our own Limit Order. The ”Price” field will be automatically filled with the up-to-date valuation (BLK) BlackCoin was sold for. You can change this to your preferred rate. The field with the “Amount” tag is the quantity of BLK you want to purchase. The field with the “Total” tag is the whole price in BTC that you will settle for the complete quantity of BLK. If you are satisfied, click on “Buy BLK”. Your order will be filled when a Vendor sells their BLK for the price you gave.
Step 5 – Withdraw (BLK) BlackCoin Unless you're regularly trading, best advise is not to keep your crypto coins on an Cryptocurrency Exchange for an extended period of time. In order to withdraw your (BLK) BlackCoin, go to the ”Funds” tab and mouse click on “Withdraw”. (BLK) BlackCoin can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate (BLK) BlackCoin by using the given drop-down box. Enter the quantity of (BLK) BlackCoin you would like to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have entered your precise withdraw address. If you're glad, click “Submit”. You could be asked for email/phone verification before a withdrawal.