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 – Transfer Your BTC (Bitcoin) or ETH (Ethereum) to an Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. Bytecoin (BCN) is obtainable on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Exchange? (Follow this manual) Make sure you have chosen the exact coin you wish to deposit. BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so on. In the case you are working with a decentralized exchange, like Airswap or DDEX could be different (Just follow our manual).
Step 3 – Find Bytecoin (BCN) Once your deposit has been verified, you'll now have access to your finances and you can initiate purchasing and trading. To invest in Bytecoin (BCN) on Binance, you'll want to go to the ”Exchange” tab and then mouse click on “Basic”. In order to discover Bytecoin (BCN), you will need to insert the short name of the asset (BCN) into the search-box, which is highlighted in the graphic. Be certain of having selected the correct pairing, we've marked this also. Click on “BCN/BTC” to continue.
Step 4 – Purchase Bytecoin (BCN) As soon as you have located Bytecoin (BCN), you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the image). For now we're going to make our own Limit Order. The ”Price” field will be filled with the most up-to-date tariff Bytecoin (BCN) was sold for. This can be changed to your desired rate. The ”Amount” field is the amount of BCN you like to purchase. The field with the “Total” tag is the whole price in Bitcoin that you will pay for the whole amount of BCN. When you are glad, make a mouse click on “Buy BCN”. Your plan will be filled when a Vendor trades their BCN for the price you introduced.
Step 5 – Withdraw Bytecoin (BCN) Unless you're frequently trading, never keep your crypto coins on an Crypto Trader for an extensive period of time. In order to withdraw your Bytecoin (BCN), go to the tab called “Funds” and mouse click on “Withdraw”. Bytecoin (BCN) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Bytecoin (BCN) by using the given drop-down box. Put into the quantity of Bytecoin (BCN) you'd wish to withdraw. Don't forget the demonstrated minimus/fees. Also make sure you have filled your correct withdraw address. If you're glad, make a mouse click on “Submit”. You could be requested for phone/email verification before a withdrawal.