A Step-by-Step-Guide on how to buy Chromia (CHR)
Step 1 – Signup to Kraken In the beginning you'll need to buy units of the bigger currencies. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Click below for registration and receive BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. Chromia (CHR) is accessible on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Exchange? (Follow this how-to) Make sure you have selected the right coin you wish to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, et cetera. If you are dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our manual).
Step 3 – Locate Chromia (CHR) Once your deposit has been affirmed, you'll immediately have access to your assets and you can begin purchasing and trading. To buy Chromia (CHR) on Binance, you will want to go to the ”Exchange” tab and then click on “Basic”. In order to discover Chromia (CHR), you'll need to put the cointype (CHR) into the search-box, which is highlighted in the picture. Make sure you have choosen the correct grouping, we've highlighted this too. Click on “CHR/BTC” to go on.
Step 4 – Buying Chromia (CHR) Once you've located Chromia (CHR), you will be given a Chart with Prices (in the Center of the image) and some 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 latest valuation Chromia (CHR) was traded for. This can be changed to your desired rate. The ”Amount” field is the volumen of CHR you like to buy. The ”Total” field is the total price in BTC that you'll settle for the whole quantity of CHR. When you're happy, click on “Buy CHR”. Your plan will be filled as soon as a Vender sells their CHR for the price you gave.
Step 5 – Withdraw Chromia (CHR) Unless you're frequently trading, best advise is not to keep your crypto coins on an Crypto Exchange for an extended period of time. To withdraw your Chromia (CHR), go to the tab called “Funds” and click on “Withdraw”. Chromia (CHR) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Chromia (CHR) by using the given drop-down box. Enter the amount of Chromia (CHR) you would wish to withdraw. Don't forget the displayed fees/minimums. Also make sure you have entered your precise withdraw address. When you're happy, click on “Submit”. You may be requested for email/phone verification ahead of a withdrawal.