A Step-by-Step-Guide on how to buy cETH (CETH)
Step 1 – Signup to Kraken You'll first need to buy units of the bigger currencies. Exchanges usually accept either Bitcoin or Ethereum in exchange for alternative Coins. Click the button below for registration and receive Funds.
Step 2 – Send Your Bitcoin or Ethereum to an Exchange Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Exchange now. Every exchange has a deposit form that is alike. cETH (CETH) is obtainable on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Exchange? (Follow this guide) Make sure you have selected the precise coin you want to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etcetera. In the case you are working with a decentralized exchange, like Airswap or DDEX could be different (Follow our guide).
Step 3 – Locate cETH (CETH) Once your deposit has been confirmed, you'll now have access to your assets and you can initiate invest and trading. To invest in cETH (CETH) on Binance, you will want to hover over the tab which is called “Exchange” and then click on “Basic”. To discover cETH (CETH), you'll need to put the cointype (CETH) into the search-box, which is highlighted in the graphic. Make sure you have choosen the proper pairing, we have highlighted this also. Click on “CETH/BTC” to proceed.
Step 4 – Buy cETH (CETH) As soon as you've found cETH (CETH), you'll be given a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the picture). For now we're going to create our own Limit Order. The field with the “Price” tag will be filled with the most up-to-date tariff cETH (CETH) was traded for. You can change this to your favoured price. The ”Amount” field is the quantity of CETH you want to buy. The ”Total” field is the total price in Bitcoin that you'll settle for the complete amount of CETH. If you're happy, make a mouse click on “Buy CETH”. Your order will be filled as soon as a Vendor trades their CETH for the price you submitted.
Step 5 – Withdraw cETH (CETH) Unless you are regularly trading, never keep your crypto on an Cryptocurrency Exchange for an longer time period. To take off your cETH (CETH), go to the tab called “Funds” and click on “Withdraw”. cETH (CETH) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate cETH (CETH) by using the given drop-down box. Enter the quantity of cETH (CETH) you would wish to withdraw. Take into account the displayed fees/minimums. Also make sure you have filled your right withdraw address. When you are satisfied, click on “Submit”. You may be requested for email/phone verification before a take off.