How to Buy Blocknet (BLOCK)

A Step-by-Step-Guide on 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).

Binance Signup
Step 2 – Send Your Ethereum or Bitcoin to an Cryptocurrency Exchange

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

Make sure you've selected the exact coin you want to deposit.

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

Step 3 – Locate Blocknet (BLOCK)

Once your deposit has been confirmed, you'll now have access to your funds and you can launch invest and trading. To invest in Blocknet (BLOCK) on Binance, you will want to hover over the ”Exchange” tab and then click on “Basic”.

In order to spot Blocknet (BLOCK), you will need to insert the shortname of the coin (BLOCK) into the search-box, which is marked in the picture. Make sure you have choosen the right grouping, we've highlighted this also. Click on “BLOCK/BTC” to progress.

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

After you've discovered Blocknet (BLOCK), you'll be given a Price Chart (in the Center of the image) and a few Order Books (on the Left of the picture). And now we are going to make our own Limit Order.

The ”Price” field will be filled with the most up-to-date rate Blocknet (BLOCK) was traded for. This can be changed to your favoured rate. The ”Amount” field is the quantity of BLOCK you wish to purchase. The field with the “Total” tag is the whole price in Bitcoin that you'll settle for the whole volumen of BLOCK.

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

Step 5 – Withdraw Blocknet (BLOCK)

Unless you are frequently trading, you should never keepyour crypto coins on an Exchange for an extended time period. To withdraw your Blocknet (BLOCK), hover over the ”Funds” tab and click on “Withdraw”. Blocknet (BLOCK) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find Blocknet (BLOCK) by using the provided drop-down box. Drop in the volumen of Blocknet (BLOCK) you'd like to take off. Take into account the displayed fees/minimums. Also make sure you have filled your correct withdraw address.

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

Binance Withdraw

Congratulations! You've successfully bought and stored Blocknet (BLOCK).

That's it!

Withdrawals from Crypto Exchange can take anywhere from 1 – 30 minutes (depending on network usage). As soon as you've confirmed your take off with Ethplorer.io or Etherscan.io and the (BLOCK) Blocknet is safe inside your wallet, you are finished.

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