How to Buy Counterparty (XCP)

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.

Binance Signup
Step 2 – Send Your Ethereum or Bitcoin to an Cryptocurrency Exchange

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. Counterparty (XCP) is available on Binance, so we're going to use that as an illustration. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this guide)

Make sure you have selected the correct coin you want to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, et cetera. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our manual).

Step 3 – Locate Counterparty (XCP)

Once your deposit has been approved, you'll immediately have access to your finances and you can commence invest and trading. To invest in Counterparty (XCP) on Binance, you'll want to go to the tab which is called “Exchange” and click on “Basic”.

To spot Counterparty (XCP), you'll need to insert the cointype (XCP) into the search box, which is highlighted in the image. Be certain of having choosen the correct grouping, we've highlighted this also. Click on “XCP/BTC” to go ahead.

Binance Hot To Buy Counterparty (XCP)
Binance How to Buy (XCP) Counterparty
Step 4 – Purchase Counterparty (XCP)

After you have located Counterparty (XCP), you'll be given a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the image). Next we're going to make our own Limit Order.

The field with the “Price” tag will be filled automatically with the most latest price Counterparty (XCP) was traded for. This can be changed to your favoured rate. The ”Amount” field is the amount of XCP you like to buy. The ”Total” field is the aggregated price in BTC that you will settle for the whole amount of XCP.

When you are happy, click on “Buy XCP”. Your order will be filled as soon as a Vender trades their XCP for the price you gave.

Step 5 – Withdraw Counterparty (XCP)

Unless you're trading, best advise is not to keep your crypto on an Crypto Trader for an extended time frame. To take off your Counterparty (XCP), go to the ”Funds” tab and click on “Withdraw”. Counterparty (XCP) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Counterparty (XCP) by using the provided drop-down box. Drop in the volumen of Counterparty (XCP) you would wish to take off. Take into account the shown minimus/fees. Also make sure you have filled your right withdraw address.

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

Binance Withdraw

Congrats! You have successfully bought and stored Counterparty (XCP).

That's it!

Withdrawals from Crypto Trader can durate between 1 – 30 minutes (rely on usage of the network). As soon as you've proved your take off with Ethplorer.io or Etherscan.io and the (XCP) Counterparty is stored in your wallet, you're finished.

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