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 – Transfer Your ETH (Ethereum) or BTC (Bitcoin) to an Cryptocurrency Exchange Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. cETH (CETH) is obtainable on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this guide) Make sure you have selected the correct coin you want to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so on. If you're working with a decentralized exchange, like Airswap or DDEX could be different (Just follow our guide).
Step 3 – Locate cETH (CETH) As soon as your deposit has been verified, you will immediately have access to your funds and you can initiate buying and trading. To invest in cETH (CETH) on Binance, you will want to hover over the tab which is called “Exchange” and after that click on “Basic”. In order to spot cETH (CETH), you will need to put the cointype (CETH) into the search box, which is marked in the picture. Make sure you have choosen the proper grouping, we've marked this also. Click on “CETH/BTC” to go on.
Step 4 – Acquisition of cETH (CETH) As soon as you've found cETH (CETH), you'll be given a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). Next we're going to create our Limit Order. The field with the “Price” tag will be automatically filled with the most up-to-date tariff cETH (CETH) was sold for. You can change this to your desired price. The ”Amount” field is the amount of CETH you wish to buy. The ”Total” field is the whole price in Bitcoin that you will pay for the whole amount of CETH. When you are satisfied, click on “Buy CETH”. Your plan will be filled when a Seller sells their CETH for the price you offered.
Step 5 – Withdraw cETH (CETH) Unless you are regularly trading, you should never keepyour coins on an Crypto Trader for an extended period of time. To withdraw your cETH (CETH), go to the ”Funds” tab and click on “Withdraw”. cETH (CETH) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate cETH (CETH) by using the given drop-down box. Drop in the amount of cETH (CETH) you'd like to withdraw. Take into account the demonstrated fees/minimums. Also make sure you have filled your precise withdraw address. If you are glad, make a mouse click on “Submit”. You may be asked for verfication via email/phone ahead of a withdrawal.