How to Buy EDRCoin (EDRC)

A Step-by-Step-Guide on how to buy EDRCoin (EDRC)

Step 1 – Join Kraken

In the beginning you'll need to purchase units of the bigger currencies. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click below to register and to get ETH (Ethereum) or BTC (Bitcoin).

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

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Exchange now. Every exchange has a deposit form that is similar. EDRCoin (EDRC) is obtainable on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this how-to)

Make sure you've selected the correct coin you want to deposit.

BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etcetera. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Follow our how-to).

Step 3 – Locate EDRCoin (EDRC)

Once your deposit has been confirmed, you will immediately have access to your finances and you can begin purchasing and trading. To invest in EDRCoin (EDRC) on Binance, you'll want to go to the ”Exchange” tab and after that click on “Basic”.

In order to spot EDRCoin (EDRC), you will need to put the short name of the asset (EDRC) into the search-box, which is marked in the image. Make sure you have choosen the right pairing, we have highlighted this too. Click on “EDRC/BTC” to progress.

Binance Hot To Buy EDRCoin (EDRC)
Binance How to Buy (EDRC) EDRCoin
Step 4 – Purchase EDRCoin (EDRC)

Once you have spotted EDRCoin (EDRC), you will be given a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). Next we are going to create our own Limit Order.

The ”Price” field will be automatically filled with the most latest rate EDRCoin (EDRC) was sold for. This can be changed to your desired price. The field with the “Amount” tag is the quantity of EDRC you wish to purchase. The field with the “Total” tag is the total price in Bitcoin that you will pay for the whole volumen of EDRC.

If you are happy, click on “Buy EDRC”. Your plan will be filled as soon as a Seller trades their EDRC for the price you introduced.

Step 5 – Withdraw EDRCoin (EDRC)

Unless you're frequently trading, you should never keepyour coins on an Cryptocurrency Exchange for an extended period of time. To take off your EDRCoin (EDRC), hover over the ”Funds” tab and click on “Withdraw”. EDRCoin (EDRC) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find EDRCoin (EDRC) by using the provided drop-down box. Drop in the quantity of EDRCoin (EDRC) you'd wish to withdraw. Take into account the displayed minimus/fees. Also make sure you have entered your correct withdraw address.

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

Binance Withdraw

Congrats! You've successfully bought and stored EDRCoin (EDRC).

That's it!

Take offs from Crypto Trader can durate anywhere from 1 – 30 minutes (depending on network usage). Once you've confirmed your take off using Etherscan.io or Ethplorer.io and the (EDRC) EDRCoin is stored inside your wallet, you are done.

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