How to Buy Blockidcoin (BID)

A Step-by-Step-Guide on how to buy Blockidcoin (BID)

Step 1 – Join Coinbase and recieve 10$ for free

In the beginning you'll need to purchase units of the bigger currencies. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Follow the Link below for registration and to get your welcome 10$.

Coinbase Free Bitcoin

Binance Signup
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Trader

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. Blockidcoin (BID) is obtainable on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Crypto Trader? (Just follow this guide)

Make sure you have selected the right coin you wish to deposit.

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. If you are using a decentralized exchange, such as Airswap or DDEX could be different (Just follow our manual).

Step 3 – Locate Blockidcoin (BID)

Once your deposit has been approved, you will immediately have access to your assets and you can start invest and trading. To purchase Blockidcoin (BID) on Binance, you will want to hover over the ”Exchange” tab and mouse click on “Basic”.

To discover Blockidcoin (BID), you will need to put the shortname of the coin (BID) into the search-box, which is highlighted in the picture. Make sure you have choosen the proper pairing, we've highlighted this too. Click on “BID/BTC” to proceed.

Binance Hot To Buy Blockidcoin (BID)
Binance How to Buy (BID) Blockidcoin
Step 4 – Purchase Blockidcoin (BID)

Once you've located Blockidcoin (BID), you'll be given a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). Next we are going to make our own Limit Order.

The ”Price” field will be automatically filled with the up-to-date price Blockidcoin (BID) was sold for. You can change this to your favoured rate. The field with the “Amount” tag is the volumen of BID you want to buy. The ”Total” field is the whole price in Bitcoin that you'll pay for the whole volumen of BID.

If you're glad, click on “Buy BID”. Your order will be filled as soon as a Seller sells their BID for the price you gave.

Step 5 – Withdraw (BID) Blockidcoin

Unless you're regularly trading, best advise is not to keep your coins on an Cryptocurrency Exchange for an extensive time frame. To take off your (BID) Blockidcoin, hover over the tab called “Funds” and mouse click on “Withdraw”. (BID) Blockidcoin can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (BID) Blockidcoin by using the provided drop-down box. Drop in the amount of (BID) Blockidcoin you would like to take off. Take into account the presented minimus/fees. Also make sure you have entered your correct withdraw address.

When you're glad, make a mouse click on “Submit”. You may be requested for email/phone verification ahead of a take off.

Binance Withdraw

Kudos! You've successfully bought and stored Blockidcoin (BID).

That's it!

Withdrawals from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (depending on network usage). As soon as you've confirmed your withdrawal using Ethplorer.io or Etherscan.io and the Blockidcoin (BID) is safe within your wallet, you are all done.