A Step-by-Step-Guide on how to buy ClassicBitcoin (CBTC)
Step 1 – Join Kraken You will first need to purchase one of the major coins. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Follow the Link below for registration and getting Bitcoin or Ethereum.
Step 2 – Transmit Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Trader Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. ClassicBitcoin (CBTC) is obtainable on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Trader? (Just follow this guide) Make sure you have selected the correct coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etc. If you are using a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our how-to).
Step 3 – Locate ClassicBitcoin (CBTC) Once your deposit has been verified, you'll instantly have access to your funds and you can begin invest and trading. To invest in ClassicBitcoin (CBTC) on Binance, you'll want to go to the ”Exchange” tab and then click on “Basic”. In order to discover ClassicBitcoin (CBTC), you'll need to insert the short name of the asset (CBTC) into the search box, which is highlighted in the image. Make sure you have selected the proper grouping, we have highlighted this too. Click on “CBTC/BTC” to continue.
Step 4 – Purchasing ClassicBitcoin (CBTC) After you have found ClassicBitcoin (CBTC), you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). For now we're going to make our Limit Order. The ”Price” field will be filled with the most recent valuation ClassicBitcoin (CBTC) was sold for. This can be changed to your preferred rate. The field with the “Amount” tag is the volumen of CBTC you like to buy. The field with the “Total” tag is the whole price in Bitcoin that you will pay for the complete volumen of CBTC. When you're happy, click on “Buy CBTC”. Your order will be filled as soon as a Vender trades their CBTC for the price you submitted.
Step 5 – Withdraw ClassicBitcoin (CBTC) Unless you are regularly trading, never keep your crypto on an Exchange for an extensive time period. To take off your ClassicBitcoin (CBTC), hover over the tab called “Funds” and click on “Withdraw”. ClassicBitcoin (CBTC) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate ClassicBitcoin (CBTC) by using the provided drop-down box. Put into the amount of ClassicBitcoin (CBTC) you would like to take off. Don't forget the demonstrated fees/minimums. Also make sure you have entered your correct withdraw address. If you are glad, click on “Submit”. You could be requested for phone/email verification ahead of a take off.