A Step-by-Step-Guide on how to buy Bytecoin (BCN)
Step 1 – Join Kraken In the beginning you'll need to purchase one of the bigger coins. Exchanges usually accept either Ethereum or Bitcoin in exchange for Altcoins. Click below to register and to get BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Send Your Ethereum or Bitcoin to an Crypto Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. Bytecoin (BCN) is obtainable on Binance, so we're going to use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Exchange? (Just follow this guide) Make sure you've selected the precise coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so on. If you are dealing with a decentralized exchange, like Airswap or DDEX could be different (Just follow our guide).
Step 3 – Find Bytecoin (BCN) As soon as your deposit has been affirmed, you will instantly have access to your funds and you can begin invest and trading. To invest in Bytecoin (BCN) on Binance, you will want to go to the ”Exchange” tab and click on “Basic”. In order to find Bytecoin (BCN), you will need to put the cointype (BCN) into the search box, which is highlighted in the picture. Be certain of having selected the right grouping, we have highlighted this too. Click on “BCN/BTC” to go ahead.
Step 4 – Purchase Bytecoin (BCN) After you've spotted Bytecoin (BCN), you will be given a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). For now we're going to create our Limit Order. The ”Price” field will be automatically filled with the up-to-date valuation Bytecoin (BCN) was sold for. You can change this to your favoured price. The field with the “Amount” tag is the quantity of BCN you want to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you'll pay for the complete quantity of BCN. When you're satisfied, click on “Buy BCN”. Your plan will be filled when a Vender trades their BCN for the price you offered.
Step 5 – Withdraw Bytecoin (BCN) Unless you're regularly trading, you should never keepyour crypto coins on an Crypto Exchange for an extensive time period. In order to withdraw your Bytecoin (BCN), hover over the ”Funds” tab and click on “Withdraw”. Bytecoin (BCN) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Bytecoin (BCN) by using the provided drop-down box. Put into the amount of Bytecoin (BCN) you would wish to withdraw. Take into account the shown fees/minimums. Also make sure you have entered your right withdraw address. When you're happy, click “Submit”. You may be requested for verfication via email/phone before a withdrawal.