A Step-by-Step-Guide on how to buy Cryptopay (CPAY)
Step 1 – Join Kraken You will first need to buy one of the bigger currencies. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click below to register and getting Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transmit Your ETH (Ethereum) or BTC (Bitcoin) to an Exchange Your Ethereum or Bitcoin has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. Cryptopay (CPAY) is accessible on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this manual) Make sure you have selected the correct coin you wish to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, etc. If you are dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our how-to).
Step 3 – Locate Cryptopay (CPAY) As soon as your deposit has been approved, you'll now have access to your finances and you can commence buying and trading. To purchase Cryptopay (CPAY) on Binance, you'll want to hover over the tab which is called “Exchange” and then mouse click on “Basic”. In order to discover Cryptopay (CPAY), you'll need to put the shortname of the coin (CPAY) into the search-box, which is highlighted in the graphic. Make sure you have selected the right pairing, we've highlighted this too. Click on “CPAY/BTC” to go on.
Step 4 – Purchasing Cryptopay (CPAY) After you have discovered Cryptopay (CPAY), you will be presented with a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). For now we're creating our own Limit Order. The field with the “Price” tag will be automatically filled with the most up-to-date rate Cryptopay (CPAY) was sold for. You can change this to your favoured rate. The ”Amount” field is the amount of CPAY you want to purchase. The ”Total” field is the total price in BTC that you will pay for the complete amount of CPAY. When you're happy, click on “Buy CPAY”. Your order will be filled as soon as a Seller trades their CPAY for the price you offered.
Step 5 – Withdraw Cryptopay (CPAY) Unless you are frequently trading, never keep your crypto on an Crypto Exchange for an extensive period of time. In order to withdraw your Cryptopay (CPAY), go to the tab called “Funds” and click on “Withdraw”. Cryptopay (CPAY) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Cryptopay (CPAY) by using the provided drop-down box. Drop in the quantity of Cryptopay (CPAY) you would like to withdraw. Don't forget the presented minimus/fees. Also make sure you have entered your correct withdraw address. If you're happy, click “Submit”. You could be requested for verfication via phone/email before a take off.