How to Buy BYZBIT (BYT)

Step 1 – Join Kraken

You will first need to buy one of the bigger coins. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click below for registration and receive Bitcoin or Ethereum.

Step 2 – Transmit Your Ethereum or Bitcoin to an Cryptocurrency Exchange

Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. BYZBIT (BYT) is available on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Exchange? (Follow this how-to)

Make sure you have selected the precise coin you wish to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. In the case you are using a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our manual).

Step 3 – Find BYZBIT (BYT)

As soon as your deposit has been affirmed, you will instantly have access to your finances and you can initiate buying and trading. To purchase BYZBIT (BYT) on Binance, you'll want to hover over the ”Exchange” tab and then click on “Basic”.

In order to spot BYZBIT (BYT), you'll need to insert the cointype (BYT) into the search-box, which is marked in the image. Make sure you have selected the right pairing, we have highlighted this also. Click on “BYT/BTC” to go ahead.

Step 4 – Purchasing BYZBIT (BYT)

After you have spotted BYZBIT (BYT), you'll be given a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the picture). And now we're going to create our own Limit Order.

The ”Price” field will be automatically filled with the most latest price BYZBIT (BYT) was traded for. You can change this to your preferred rate. The field with the “Amount” tag is the amount of BYT you like to buy. The ”Total” field is the whole price in Bitcoin that you'll pay for the complete volumen of BYT.

If you're satisfied, make a mouse click on “Buy BYT”. Your plan will be filled when a Vendor trades their BYT for the price you gave.

Step 5 – Withdraw BYZBIT (BYT)

Unless you're regularly trading, best advise is not to keep your crypto on an Cryptocurrency Exchange for an longer time frame. In order to withdraw your BYZBIT (BYT), go to the tab called “Funds” and click on “Withdraw”. BYZBIT (BYT) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate BYZBIT (BYT) by using the provided drop-down box. Put into the quantity of BYZBIT (BYT) you would wish to take off. Take into account the presented fees/minimums. Also make sure you have entered your right withdraw address.

If you're satisfied, click on “Submit”. You could be asked for email/phone verification before a withdrawal.