How to Buy DeFi Bids (BID)

A Step-by-Step-Guide on how to buy DeFi Bids (BID)

Step 1 – Signup to Coinbase – Get Free $10

In the beginning you'll need to purchase one of the major coins. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Follow the Link below to register and getting your first 10$.

Coinbase Free Bitcoin

Binance Signup
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Exchange

Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. DeFi Bids (BID) is accessible on Binance, so we're going to use that as an sample. Unsure on how to send Coinbase funds to an Crypto Exchange? (Follow this guide)

Make sure you have selected the exact coin you would like to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so forth. In the case you are using a decentralized exchange, like Airswap or DDEX could be unlike (Follow these easy steps).

Step 3 – Locate DeFi Bids (BID)

As soon as your deposit has been approved, you'll now have access to your funds and you can begin invest and trading. To invest in DeFi Bids (BID) on Binance, you'll want to go to the ”Exchange” tab and mouse click on “Basic”.

In order to locate DeFi Bids (BID), you'll need to insert the cointype (BID) into the search box, which is highlighted in the graphic. Make sure you have selected the correct pairing, we've highlighted this too. Click on “BID/BTC” to progress.

Binance Hot To Buy DeFi Bids (BID)
Binance How to Buy (BID) DeFi Bids
Step 4 – Purchase (BID) DeFi Bids

After you've discovered (BID) DeFi Bids, 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 making our Limit Order.

The field with the “Price” tag will be automatically filled with the most up-to-date price (BID) DeFi Bids was sold for. This can be changed to your favoured price. The field with the “Amount” tag is the amount of BID you wish to purchase. The ”Total” field is the aggregated price in Bitcoin that you will pay for the complete amount of BID.

When you're satisfied, click on “Buy BID”. Your plan will be filled as soon as a Vender trades their BID for the price you gave.

Step 5 – Withdraw DeFi Bids (BID)

Unless you are trading, best advise is not to keep your coins on an Crypto Trader for an extended period of time. In order to take off your DeFi Bids (BID), hover over the ”Funds” tab and mouse click on “Withdraw”. DeFi Bids (BID) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find DeFi Bids (BID) by using the given drop-down box. Drop in the amount of DeFi Bids (BID) you'd wish to take off. Take into account the shown fees/minimums. Also make sure you have filled your right withdraw address.

When you are glad, click “Submit”. You could be requested for verfication via phone/email before a take off.

Binance Withdraw

Congrats! You have successfully purchased and stored DeFi Bids (BID).

That's it!

Take offs from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (rely on usage of the network). As soon as you've confirmed your withdrawal using Etherscan.io or Ethplorer.io and the DeFi Bids (BID) is stored inside your wallet, you are all done.