How to Buy CNY Tether (CNYT)

A Step-by-Step-Guide on how to buy CNY Tether (CNYT)

Step 1 – Signup to Coinbase and recieve 10$ for free

You will first need to buy one of the major coins. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Follow the Link below for registration and getting your first $10.

Coinbase Free Bitcoin

Binance Signup
Step 2 – Transfer Your ETH (Ethereum) or BTC (Bitcoin) 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 identical. CNY Tether (CNYT) is accessible on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Trader? (Just follow this how-to)

Make sure you've selected the correct coin you would like to deposit.

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. In the case you're using a decentralized exchange, such as Airswap or DDEX could be different (Just follow our how-to).

Step 3 – Find CNY Tether (CNYT)

Once your deposit has been confirmed, you will directly have access to your assets and you can start invest and trading. To buy CNY Tether (CNYT) on Binance, you will want to go to the tab which is called “Exchange” and after that click on “Basic”.

To locate CNY Tether (CNYT), you will need to put the cointype (CNYT) into the search-box, which is marked in the picture. Make sure you have choosen the right pairing, we have marked this also. Click on “CNYT/BTC” to advance.

Binance Hot To Buy CNY Tether (CNYT)
Binance How to Buy (CNYT) CNY Tether
Step 4 – Purchase CNY Tether (CNYT)

Once you've discovered CNY Tether (CNYT), you'll be given a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). And now we are going to create our own Limit Order.

The ”Price” field will be filled with the latest rate CNY Tether (CNYT) was sold for. You can change this to your preferred rate. The ”Amount” field is the amount of CNYT you wish to purchase. The ”Total” field is the aggregated price in BTC that you'll settle for the complete amount of CNYT.

When you are satisfied, make a mouse click on “Buy CNYT”. Your order will be filled as soon as a Seller trades their CNYT for the price you submitted.

Step 5 – Withdraw (CNYT) CNY Tether

Unless you are trading, best advise is not to keep coins on an Crypto Exchange for an extended time period. In order to take off your (CNYT) CNY Tether, hover over the tab called “Funds” and mouse click on “Withdraw”. (CNYT) CNY Tether can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (CNYT) CNY Tether by using the provided drop-down box. Put into the amount of (CNYT) CNY Tether you'd wish to take off. Take into account the shown fees/minimums. Also make sure you have entered your right withdraw address.

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

Binance Withdraw

Congrats! You've successfully purchased and safed CNY Tether (CNYT).

That's it!

Take offs from Cryptocurrency Exchange can take anywhere from 1 – 30 minutes (rely on usage of the network). As soon as you've proved your take off using Etherscan.io or Ethplorer.io and the CNY Tether (CNYT) is stored within your wallet, you are all done.