A Step-by-Step-Guide on how to buy Counterparty (XCP)
Step 1 – Join Kraken In the beginning you'll need to buy one of the major currencies. Exchanges normally accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Click below to register and getting Funds.
Step 2 – Send Your Funds to an Exchange Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is alike. Counterparty (XCP) is accessible on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Exchange? (Just follow this guide) Make sure you've chosen the exact coin you wish to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etcetera. If you're using a decentralized exchange, like Airswap or DDEX could be different (Follow our how-to).
Step 3 – Find Counterparty (XCP) As soon as your deposit has been confirmed, you'll immediately have access to your assets and you can commence buying and trading. To invest in Counterparty (XCP) on Binance, you will want to go to the ”Exchange” tab and after that click on “Basic”. In order to find Counterparty (XCP), you will need to put the cointype (XCP) into the search box, which is highlighted in the graphic. Make sure you have choosen the proper grouping, we've marked this also. Click on “XCP/BTC” to continue.
Step 4 – Purchasing Counterparty (XCP) As soon as you've spotted Counterparty (XCP), you will be presented with a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). For now we are making our own Limit Order. The field with the “Price” tag will be filled with the most recent valuation Counterparty (XCP) was traded for. You can change this to your preferred price. The ”Amount” field is the volumen of XCP you like to purchase. The field with the “Total” tag is the whole price in BTC that you will pay for the complete amount of XCP. When you are happy, click on “Buy XCP”. Your order will be filled as soon as a Seller trades their XCP for the price you offered.
Step 5 – Withdraw Counterparty (XCP) Unless you are regularly trading, you should never keepyour crypto coins on an Exchange for an extensive period of time. In order to withdraw your Counterparty (XCP), hover over the ”Funds” tab and click on “Withdraw”. Counterparty (XCP) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Counterparty (XCP) by using the given drop-down box. Enter the amount of Counterparty (XCP) you would wish to withdraw. Don't forget the shown minimus/fees. Also make sure you have entered your correct withdraw address. When you're glad, click “Submit”. You may be requested for verfication via phone/email ahead of a take off.