A Step-by-Step-Guide on how to buy Cryptocurrency (CCY)
Step 1 – Signup to Coinbase – Get Free $10 You will first need to buy units of the top-tier coins. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click below to register and receive your welcome 10 Dollar.
Step 2 – Transmit Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Exchange Your Bitcoin or Ethereum will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is identical. Cryptocurrency (CCY) is accessible on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Crypto Exchange? (Just follow these easy steps) Make sure you have selected the correct coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so on. If you are using a decentralized exchange, like Airswap or DDEX could be different (Just follow our manual).
Step 3 – Locate (CCY) Cryptocurrency Once your deposit has been approved, you'll now have access to your finances and you can commence buying and trading. To buy (CCY) Cryptocurrency on Binance, you'll want to go to the ”Exchange” tab and then click on “Basic”. To locate (CCY) Cryptocurrency, you'll need to put the shortname of the coin (CCY) into the search box, which is marked in the picture. Be certain of having selected the proper pairing, we have marked this also. Click on “CCY/BTC” to go ahead.
Step 4 – Acquisition of (CCY) Cryptocurrency After you've located (CCY) Cryptocurrency, you will be given a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). And now we are going to create our Limit Order. The ”Price” field will be filled with the recent tariff (CCY) Cryptocurrency was traded for. This can be changed to your favoured price. The ”Amount” field is the quantity of CCY you wish to purchase. The field with the “Total” tag is the whole price in Bitcoin that you'll pay for the complete quantity of CCY. If you're glad, click on “Buy CCY”. Your plan will be filled when a Seller sells their CCY for the price you submitted.
Step 5 – Withdraw Cryptocurrency (CCY) Unless you are trading, you should never keepyour coins on an Cryptocurrency Exchange for an extended period of time. In order to take off your Cryptocurrency (CCY), go to the tab called “Funds” and mouse click on “Withdraw”. Cryptocurrency (CCY) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Cryptocurrency (CCY) by using the provided drop-down box. Put into the amount of Cryptocurrency (CCY) you'd wish to take off. Don't forget the demonstrated fees/minimums. Also make sure you have entered your right withdraw address. When you are happy, click “Submit”. You may be requested for phone/email verification before a take off.