A Step-by-Step-Guide on how to buy ChanCoin (CHAN)
Step 1 – Signup to CEX.io You will first need to buy one of the major coins. Exchanges usually accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Click below for registration and getting Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transfer Your Ethereum or Bitcoin to an Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Exchange now. Every exchange has a deposit form that is similar. ChanCoin (CHAN) is accessible on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Exchange? (Follow this guide) Make sure you've selected the correct coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so on. If you're using a decentralized exchange, like Airswap or DDEX could be divergent (Follow these easy steps).
Step 3 – Locate ChanCoin (CHAN) As soon as your deposit has been verified, you'll instantly have access to your finances and you can commence purchasing and trading. To purchase ChanCoin (CHAN) on Binance, you'll want to go to the ”Exchange” tab and click on “Basic”. To discover ChanCoin (CHAN), you'll need to put the cointype (CHAN) into the search box, which is highlighted in the picture. Be certain of having choosen the right pairing, we've highlighted this also. Click on “CHAN/BTC” to go on.
Step 4 – Acquisition of ChanCoin (CHAN) Once you have found ChanCoin (CHAN), you'll be presented with a Price Chart (in the Center of the image) and a few Order Books (Leftside of the image). Next we are going to create our Limit Order. The ”Price” field will be filled automatically with the latest rate ChanCoin (CHAN) was sold for. You can change this to your favoured price. The ”Amount” field is the volumen of CHAN you wish to purchase. The field with the “Total” tag is the aggregated price in BTC that you will pay for the complete volumen of CHAN. If you are glad, make a mouse click on “Buy CHAN”. Your plan will be filled when a Seller sells their CHAN for the price you offered.
Step 5 – Withdraw (CHAN) ChanCoin Unless you're trading, never keep your crypto coins on an Exchange for an longer time frame. To take off your (CHAN) ChanCoin, hover over the tab called “Funds” and mouse click on “Withdraw”. (CHAN) ChanCoin can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find (CHAN) ChanCoin by using the provided drop-down box. Enter the quantity of (CHAN) ChanCoin you would like to take off. Take into account the shown fees/minimums. Also make sure you have filled your precise withdraw address. When you're glad, make a mouse click on “Submit”. You could be requested for email/phone verification before a withdrawal.