A Step-by-Step-Guide on how to buy BTCDOWN (BTCDOWN)
Step 1 – Join Kraken You'll first need to purchase units of the bigger coins. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Click below to register and to get Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Trader Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. BTCDOWN (BTCDOWN) is available on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Crypto Trader? (Follow this how-to) Make sure you have selected the precise coin you would like to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so forth. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be different (Follow our guide).
Step 3 – Find BTCDOWN (BTCDOWN) As soon as your deposit has been affirmed, you will directly have access to your assets and you can launch buying and trading. To invest in BTCDOWN (BTCDOWN) on Binance, you will want to hover over the ”Exchange” tab and then mouse click on “Basic”. To find BTCDOWN (BTCDOWN), you will need to put the short name of the asset (BTCDOWN) into the search box, which is highlighted in the image. Be certain of having selected the correct pairing, we've highlighted this too. Click on “BTCDOWN/BTC” to proceed.
Step 4 – Buy BTCDOWN (BTCDOWN) Once you've spotted BTCDOWN (BTCDOWN), you'll be given a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). And now we are creating our Limit Order. The field with the “Price” tag will be automatically filled with the latest price BTCDOWN (BTCDOWN) was traded for. This can be changed to your preferred price. The field with the “Amount” tag is the amount of BTCDOWN you want to buy. The field with the “Total” tag is the whole price in Bitcoin that you'll pay for the complete amount of BTCDOWN. When you are glad, make a mouse click on “Buy BTCDOWN”. Your order will be filled when a Seller trades their BTCDOWN for the price you offered.
Step 5 – Withdraw BTCDOWN (BTCDOWN) Unless you are trading, never keep your coins on an Crypto Exchange for an extended time frame. To take off your BTCDOWN (BTCDOWN), go to the ”Funds” tab and click on “Withdraw”. BTCDOWN (BTCDOWN) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate BTCDOWN (BTCDOWN) by using the given drop-down box. Enter the quantity of BTCDOWN (BTCDOWN) you'd wish to take off. Take into account the shown fees/minimums. Also make sure you have entered your right withdraw address. If you are glad, click “Submit”. You could be asked for verfication via email/phone before a take off.