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 – Transmit Your Bitcoin or Ethereum to an Cryptocurrency Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Exchange now. Every exchange has a deposit form that is alike. Bytecoin (BCN) is accessible on Binance, so we're going to use that as an sample. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this how-to) Make sure you've chosen the exact coin you want to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etc. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our how-to).
Step 3 – Locate Bytecoin (BCN) As soon as your deposit has been affirmed, you'll now have access to your assets and you can launch purchasing and trading. To invest in Bytecoin (BCN) on Binance, you will want to hover over the ”Exchange” tab and then mouse click on “Basic”. In order to find Bytecoin (BCN), you'll need to put the shortname of the coin (BCN) into the search-box, which is highlighted in the image. Be certain of having selected the proper grouping, we've highlighted this also. Click on “BCN/BTC” to go on.
Step 4 – Purchasing Bytecoin (BCN) After you've located Bytecoin (BCN), you will be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the image). Next we are going to make our own Limit Order. The ”Price” field will be filled with the most up-to-date price Bytecoin (BCN) was traded for. This can be changed to your favoured rate. The ”Amount” field is the volumen of BCN you want to purchase. The field with the “Total” tag is the total price in BTC that you'll pay for the complete amount of BCN. If you're satisfied, click on “Buy BCN”. Your order will be filled as soon as a Vender trades their BCN for the price you introduced.
Step 5 – Withdraw Bytecoin (BCN) Unless you're frequently trading, never keep your crypto on an Crypto Trader for an extended 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 stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Bytecoin (BCN) by using the given drop-down box. Drop in the amount of Bytecoin (BCN) you'd like to take off. Don't forget the presented fees/minimums. Also make sure you have filled your right withdraw address. When you are happy, click “Submit”. You could be requested for email/phone verification before a withdrawal.