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 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Trader Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Exchange now. Every exchange has a deposit form that is alike. cETH (CETH) is accessible 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? (Follow this guide) Make sure you've selected the correct coin you would like to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so on. If you are working with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our guide).
Step 3 – Find cETH (CETH) As soon as your deposit has been approved, you will instantly have access to your funds and you can start buying and trading. To purchase cETH (CETH) on Binance, you'll want to hover over the ”Exchange” tab and after that mouse click on “Basic”. In order to spot cETH (CETH), you will need to insert the shortname of the coin (CETH) into the search box, which is marked in the image. Make sure you have choosen the right pairing, we've marked this too. Click on “CETH/BTC” to go ahead.
Step 4 – Buying cETH (CETH) As soon as you've located cETH (CETH), you will be presented with a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). And now we're going to make our own Limit Order. The ”Price” field will be filled with the most recent price cETH (CETH) was sold for. This can be changed to your desired rate. The ”Amount” field is the quantity of CETH you wish to buy. The field with the “Total” tag is the whole price in Bitcoin that you will settle for the whole amount of CETH. When you are satisfied, click on “Buy CETH”. Your order will be filled as soon as a Vender trades their CETH for the price you gave.
Step 5 – Withdraw cETH (CETH) Unless you are frequently trading, you should never keepyour crypto coins on an Cryptocurrency Exchange for an extensive time frame. To take off your cETH (CETH), hover over the ”Funds” tab and click on “Withdraw”. cETH (CETH) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find cETH (CETH) by using the given drop-down box. Enter the amount of cETH (CETH) you'd like to withdraw. Take into account the presented minimus/fees. Also make sure you have filled your correct withdraw address. When you're glad, make a mouse click on “Submit”. You may be asked for verfication via email/phone ahead of a take off.