A Step-by-Step-Guide on how to buy ()
Step 1 – Join CEX.io In the beginning you'll need to purchase one of the bigger currencies. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click the button below to register and to get Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transmit Your Bitcoin or Ethereum to an Crypto Trader Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. () is available on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Crypto Trader? (Follow this guide) Make sure you've selected the precise coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etc. If you're dealing with a decentralized exchange, like Airswap or DDEX could be different (Follow our guide).
Step 3 – Find () As soon as your deposit has been confirmed, you will now have access to your assets and you can start invest and trading. To invest in () on Binance, you will want to hover over the tab which is called “Exchange” and click on “Basic”. To discover () , you will need to put the shortname of the coin () into the search-box, which is marked in the graphic. Make sure you have selected the correct grouping, we've marked this too. Click on “/BTC” to proceed.
Step 4 – Buying () Once you've found (), you'll be given a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). For now we are going to make our own Limit Order. The ”Price” field will be filled automatically with the most recent valuation () was traded for. You can change this to your desired rate. The ”Amount” field is the quantity of you want to buy. The ”Total” field is the aggregated price in BTC that you will pay for the complete quantity of . If you're happy, click on “Buy “. Your plan will be filled as soon as a Vender sells their for the price you introduced.
Step 5 – Withdraw () Unless you're trading, never keep your coins on an Cryptocurrency Exchange for an extensive time frame. To take off your (), hover over the ”Funds” tab and mouse click on “Withdraw”. () can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find () by using the given drop-down box. Drop in the volumen of () you'd wish to take off. Don't forget the demonstrated fees/minimums. Also make sure you have filled your correct withdraw address. When you're happy, make a mouse click on “Submit”. You may be requested for verfication via email/phone ahead of a withdrawal.