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).
Step 2 – Transfer Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Trader Your Bitcoin or Ethereum has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. EDRCoin (EDRC) is obtainable on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Crypto Trader? (Just follow this how-to) Make sure you have selected the right coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etcetera. If you are dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our guide).
Step 3 – Find EDRCoin (EDRC) As soon as your deposit has been confirmed, you'll now have access to your finances and you can start purchasing and trading. To buy EDRCoin (EDRC) on Binance, you'll want to hover over the ”Exchange” tab and after that mouse click on “Basic”. To spot EDRCoin (EDRC), you'll need to insert the shortname of the coin (EDRC) into the search box, which is marked in the picture. Be certain of having selected the right pairing, we have marked this also. Click on “EDRC/BTC” to proceed.
Step 4 – Purchase EDRCoin (EDRC) Once you've found EDRCoin (EDRC), you'll be given a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). And now we are going to make our Limit Order. The ”Price” field will be filled automatically with the most latest price EDRCoin (EDRC) was traded for. You can change this to your desired rate. The field with the “Amount” tag is the amount of EDRC you like to buy. The ”Total” field is the whole price in BTC that you will pay for the complete amount of EDRC. If you are happy, click on “Buy EDRC”. Your order will be filled when a Vendor sells their EDRC for the price you introduced.
Step 5 – Withdraw EDRCoin (EDRC) Unless you're trading, best advise is not to keep coins on an Exchange for an longer period of time. To take off your EDRCoin (EDRC), go to the tab called “Funds” and mouse click on “Withdraw”. EDRCoin (EDRC) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find EDRCoin (EDRC) by using the provided drop-down box. Enter the quantity of EDRCoin (EDRC) you'd wish to take off. Take into account the displayed fees/minimums. Also make sure you have filled your correct withdraw address. When you're satisfied, click on “Submit”. You could be asked for verfication via phone/email ahead of a withdrawal.