How to Buy Blocknet (BLOCK)

Step 1 – Signup to Kraken

You will first need to buy units of the bigger coins. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click the button below for registration and to get Ethereum (ETH) or Bitcoin (BTC).

Step 2 – Transfer Your BTC (Bitcoin) or ETH (Ethereum) to an Exchange

Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. Blocknet (BLOCK) is available on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Exchange? (Just follow these easy steps)

Make sure you've chosen the correct coin you want to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etcetera. If you're dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our how-to).

Step 3 – Locate Blocknet (BLOCK)

As soon as your deposit has been approved, you'll instantly have access to your funds and you can initiate buying and trading. To invest in Blocknet (BLOCK) on Binance, you will want to go to the ”Exchange” tab and then click on “Basic”.

To find Blocknet (BLOCK), you will need to insert the shortname of the coin (BLOCK) 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 “BLOCK/BTC” to go on.

Step 4 – Purchasing Blocknet (BLOCK)

After you've found Blocknet (BLOCK), you will be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). And now we're making our own Limit Order.

The field with the “Price” tag will be filled with the most up-to-date valuation Blocknet (BLOCK) was sold for. You can change this to your favoured rate. The ”Amount” field is the amount of BLOCK you want to purchase. The field with the “Total” tag is the whole price in Bitcoin that you will settle for the whole amount of BLOCK.

When you are satisfied, make a mouse click on “Buy BLOCK”. Your plan will be filled as soon as a Vendor trades their BLOCK for the price you introduced.

Step 5 – Withdraw Blocknet (BLOCK)

Unless you are regularly trading, never keep your coins on an Crypto Exchange for an longer time frame. To withdraw your Blocknet (BLOCK), hover over the ”Funds” tab and mouse click on “Withdraw”. Blocknet (BLOCK) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find Blocknet (BLOCK) by using the given drop-down box. Put into the quantity of Blocknet (BLOCK) you would like to take off. Take into account the demonstrated fees/minimums. Also make sure you have entered your precise withdraw address.

When you're satisfied, click on “Submit”. You could be asked for verfication via phone/email ahead of a withdrawal.