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 – Transmit Your Funds to an Crypto Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Exchange now. All exchanges have a deposit form that is alike. Counterparty (XCP) is available on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Crypto Trader? (Just follow these easy steps) Make sure you have selected the exact coin you wish to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. In the case you are working with a decentralized exchange, like Airswap or DDEX could be unlike (Follow these easy steps).
Step 3 – Locate Counterparty (XCP) As soon as your deposit has been verified, you will directly have access to your finances and you can initiate purchasing and trading. To invest in Counterparty (XCP) on Binance, you will want to hover over the ”Exchange” tab and then click on “Basic”. To discover Counterparty (XCP), you will need to insert the short name of the asset (XCP) into the search-box, which is highlighted in the picture. Make sure you have selected the correct pairing, we have marked this too. Click on “XCP/BTC” to go on.
Step 4 – Purchasing Counterparty (XCP) As soon as you've spotted Counterparty (XCP), you will be given a Chart with Prices (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 automatically filled with the most recent tariff Counterparty (XCP) was traded for. You can change this to your desired price. The field with the “Amount” tag is the quantity of XCP you like to buy. The ”Total” field is the aggregated price in Bitcoin that you'll settle for the complete amount of XCP. When you're satisfied, click on “Buy XCP”. Your plan will be filled when a Seller trades their XCP for the price you gave.
Step 5 – Withdraw Counterparty (XCP) Unless you're frequently trading, best advise is not to keep your crypto on an Cryptocurrency Exchange for an extended time period. To take off your Counterparty (XCP), hover over the tab called “Funds” and mouse click on “Withdraw”. Counterparty (XCP) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Counterparty (XCP) by using the given drop-down box. Enter the amount of Counterparty (XCP) you'd like to take off. Don't forget the presented minimus/fees. Also make sure you have entered your right withdraw address. If you are glad, make a mouse click on “Submit”. You could be requested for verfication via email/phone ahead of a take off.
Kudos! You have successfully purchased and safed Counterparty (XCP).That's it! Take offs from Crypto Exchange can durate anywhere from 1 – 30 minutes (rely on network usage). As soon as you've proved your withdrawal using Ethplorer.io or Etherscan.io and the (XCP) Counterparty is safe inside your wallet, you are finished.
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