A Step-by-Step-Guide on how to buy CanYaCoin (CAN)
Step 1 –
Join Kraken
In the beginning you'll need to buy units of the bigger coins. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Follow the Link below to register and to get Bitcoin or Ethereum.
Step 2 –
Send Your Funds to an Exchange
Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. CanYaCoin (CAN) is available on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Exchange? (Just follow these easy steps)
Make sure you've selected the correct coin you would like to deposit.
Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. In the case you're working with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our how-to).
Step 3 –
Locate CanYaCoin (CAN)
As soon as your deposit has been affirmed, you'll immediately have access to your assets and you can launch invest and trading. To invest in CanYaCoin (CAN) on Binance, you'll want to hover over the ”Exchange” tab and then click on “Basic”.
In order to find CanYaCoin (CAN), you'll need to put the shortname of the coin (CAN) into the search-box, which is highlighted in the picture. Be certain of having choosen the proper pairing, we have marked this also. Click on “CAN/BTC” to go ahead.
Step 4 –
Buy CanYaCoin (CAN)
As soon as you've located CanYaCoin (CAN), you'll be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the image). And now we're creating our own Limit Order.
The ”Price” field will be filled with the most latest tariff CanYaCoin (CAN) was sold for. This can be changed to your preferred price. The ”Amount” field is the amount of CAN you want to buy. The ”Total” field is the total price in Bitcoin that you'll settle for the whole volumen of CAN.
When you're happy, make a mouse click on “Buy CAN”. Your plan will be filled as soon as a Vendor sells their CAN for the price you gave.
Step 5 –
Withdraw CanYaCoin (CAN)
Unless you are regularly trading, best advise is not to keep your crypto on an Exchange for an extensive period of time. In order to withdraw your CanYaCoin (CAN), hover over the ”Funds” tab and click on “Withdraw”. CanYaCoin (CAN) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)
Find CanYaCoin (CAN) by using the provided drop-down box. Put into the quantity of CanYaCoin (CAN) you would wish to take off. Take into account the displayed minimus/fees. Also make sure you have filled your precise withdraw address.
When you are glad, click “Submit”. You could be asked for phone/email verification before a take off.