How to Buy Blocknet (BLOCK)

A Step-by-Step-Guide on how to buy Blocknet (BLOCK)

Step 1 – Signup to CEX.io

You'll first need to purchase units of the bigger coins. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click below to register and receive Bitcoin or Ethereum.

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

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is identical. Blocknet (BLOCK) is accessible on Binance, so we're going to use that as an sample. Unsure on how to send Coinbase funds to an Crypto Exchange? (Follow this guide)

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

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, et cetera. If you're working with a decentralized exchange, like Airswap or DDEX could be different (Follow these easy steps).

Step 3 – Locate Blocknet (BLOCK)

Once your deposit has been affirmed, you will now have access to your assets and you can initiate buying and trading. To invest in Blocknet (BLOCK) on Binance, you will want to go to the ”Exchange” tab and click on “Basic”.

In order to find Blocknet (BLOCK), you will need to insert the shortname of the coin (BLOCK) into the search-box, which is highlighted in the graphic. Be certain of having selected the proper grouping, we've highlighted this too. Click on “BLOCK/BTC” to progress.

Binance Hot To Buy Blocknet (BLOCK)
Binance How to Buy (BLOCK) Blocknet
Step 4 – Purchasing Blocknet (BLOCK)

As soon as you have spotted Blocknet (BLOCK), you will be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). For now we're creating our own Limit Order.

The ”Price” field will be filled with the most recent tariff Blocknet (BLOCK) was sold for. This can be changed to your preferred rate. The ”Amount” field is the amount of BLOCK you want to buy. The field with the “Total” tag is the aggregated price in BTC that you'll pay for the whole amount of BLOCK.

If you're glad, make a mouse click on “Buy BLOCK”. Your order will be filled as soon as a Vendor trades their BLOCK for the price you introduced.

Step 5 – Withdraw Blocknet (BLOCK)

Unless you're frequently trading, best advise is not to keep coins on an Crypto Exchange for an longer period of time. In order to withdraw your Blocknet (BLOCK), go to the ”Funds” tab and mouse click on “Withdraw”. Blocknet (BLOCK) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find Blocknet (BLOCK) by using the given drop-down box. Put into the volumen of Blocknet (BLOCK) you'd wish to withdraw. Take into account the presented fees/minimums. Also make sure you have filled your correct withdraw address.

If you're happy, click on “Submit”. You may be requested for verfication via email/phone ahead of a take off.

Binance Withdraw

Kudos! You've successfully purchased and stored Blocknet (BLOCK).

That's it!

Withdrawals from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (depending on usage of the network). Once you've confirmed your take off using Ethplorer.io or Etherscan.io and the Blocknet (BLOCK) is safe within your wallet, you're all done.