How to Buy Cloudbit Token (CDB)

Step 1 – Join Kraken

You will first need to buy one of the bigger coins. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Follow the Link below for registration and getting Bitcoin (BTC) or Ethereum (ETH).

Step 2 – Transmit Your Ethereum or Bitcoin to an Crypto Trader

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Exchange now. Every exchange has a deposit form that is alike. Cloudbit Token (CDB) is available on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this guide)

Make sure you have selected the right coin you want to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so forth. In the case you are working with a decentralized exchange, like Airswap or DDEX could be different (Follow our manual).

Step 3 – Find Cloudbit Token (CDB)

As soon as your deposit has been confirmed, you will directly have access to your assets and you can start buying and trading. To purchase Cloudbit Token (CDB) on Binance, you'll want to hover over the ”Exchange” tab and then mouse click on “Basic”.

In order to spot Cloudbit Token (CDB), you'll need to insert the cointype (CDB) into the search-box, which is highlighted in the image. Be certain of having choosen the proper grouping, we've highlighted this also. Click on “CDB/BTC” to go ahead.

Step 4 – Purchasing Cloudbit Token (CDB)

After you have located Cloudbit Token (CDB), you will be given a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the image). For now we are going to create our own Limit Order.

The field with the “Price” tag will be filled automatically with the most up-to-date tariff Cloudbit Token (CDB) was traded for. You can change this to your desired price. The field with the “Amount” tag is the amount of CDB you want to buy. The field with the “Total” tag is the whole price in BTC that you'll pay for the complete quantity of CDB.

When you are glad, make a mouse click on “Buy CDB”. Your order will be filled when a Vendor trades their CDB for the price you introduced.

Step 5 – Withdraw Cloudbit Token (CDB)

Unless you're frequently trading, never keep your crypto coins on an Cryptocurrency Exchange for an extensive time frame. To take off your Cloudbit Token (CDB), go to the tab called “Funds” and click on “Withdraw”. Cloudbit Token (CDB) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Cloudbit Token (CDB) by using the given drop-down box. Drop in the amount of Cloudbit Token (CDB) you'd wish to take off. Take into account the presented fees/minimums. Also make sure you have entered your precise withdraw address.

When you are happy, click “Submit”. You could be requested for phone/email verification ahead of a take off.