A Step-by-Step-Guide on how to buy Educoin (EDU)
Step 1 – Signup to Kraken In the beginning you'll need to purchase one of the bigger coins. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Click below to register and to get Ethereum or Bitcoin.
Step 2 – Transmit Your Funds to an Cryptocurrency Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. Educoin (EDU) is accessible on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this manual) Make sure you've selected the correct coin you would like to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so on. If you're using a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our manual).
Step 3 – Find Educoin (EDU) As soon as your deposit has been verified, you will now have access to your finances and you can start invest and trading. To purchase Educoin (EDU) on Binance, you will want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”. In order to discover Educoin (EDU), you will need to insert the cointype (EDU) into the search-box, which is highlighted in the image. Make sure you have choosen the proper grouping, we have highlighted this also. Click on “EDU/BTC” to proceed.
Step 4 – Purchasing Educoin (EDU) Once you've spotted Educoin (EDU), you will be presented with a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). Next we are going to create our own Limit Order. The field with the “Price” tag will be filled automatically with the latest valuation Educoin (EDU) was traded for. This can be changed to your favoured rate. The ”Amount” field is the quantity of EDU you want to purchase. The field with the “Total” tag is the total price in Bitcoin that you'll settle for the whole quantity of EDU. If you are glad, make a mouse click on “Buy EDU”. Your order will be filled when a Vender sells their EDU for the price you introduced.
Step 5 – Withdraw Educoin (EDU) Unless you are frequently trading, never keep your crypto coins on an Crypto Trader for an longer time frame. In order to withdraw your Educoin (EDU), hover over the ”Funds” tab and mouse click on “Withdraw”. Educoin (EDU) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Educoin (EDU) by using the given drop-down box. Drop in the amount of Educoin (EDU) you would wish to withdraw. Take into account the presented fees/minimums. Also make sure you have entered your correct withdraw address. When you are satisfied, click on “Submit”. You may be asked for phone/email verification ahead of a withdrawal.