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).
Step 2 – Transfer Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Trader Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. Blocknet (BLOCK) is accessible on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Crypto Trader? (Just follow this guide) Make sure you have chosen the correct coin you wish to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so on. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our guide).
Step 3 – Locate Blocknet (BLOCK) Once your deposit has been confirmed, you'll now have access to your assets and you can initiate buying and trading. To purchase Blocknet (BLOCK) on Binance, you'll want to go to the ”Exchange” tab and after that click on “Basic”. To find Blocknet (BLOCK), you'll need to insert the cointype (BLOCK) into the search box, which is marked in the image. Be certain of having choosen the correct grouping, we've marked this also. Click on “BLOCK/BTC” to continue.
Step 4 – Buy Blocknet (BLOCK) Once you have located Blocknet (BLOCK), you will be given a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). Next we are creating our own Limit Order. The field with the “Price” tag will be automatically filled with the latest rate 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 total price in Bitcoin that you'll settle for the whole amount of BLOCK. If you are glad, click on “Buy BLOCK”. Your order will be filled as soon as a Vendor sells their BLOCK for the price you offered.
Step 5 – Withdraw Blocknet (BLOCK) Unless you're frequently trading, never keep your crypto coins on an Crypto Exchange for an longer time period. In order to take off your Blocknet (BLOCK), go to the tab called “Funds” 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 given drop-down box. Drop in the amount of Blocknet (BLOCK) you'd wish to take off. Don't forget the presented fees/minimums. Also make sure you have filled your right withdraw address. If you're satisfied, click on “Submit”. You could be requested for verfication via email/phone before a take off.