A Step-by-Step-Guide on how to buy XEL (XEL)
Step 1 – Signup to CEX.io You will first need to purchase one of the major currencies. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Follow the Link below to register and to get Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Cryptocurrency Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. XEL (XEL) is obtainable on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this guide) Make sure you have selected the right coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etc. In the case you are using a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our manual).
Step 3 – Find XEL (XEL) As soon as your deposit has been approved, you'll now have access to your finances and you can start purchasing and trading. To invest in XEL (XEL) on Binance, you'll want to hover over the tab which is called “Exchange” and click on “Basic”. To spot XEL (XEL), you'll need to put the cointype (XEL) into the search-box, which is marked in the picture. Be certain of having selected the right pairing, we've marked this too. Click on “XEL/BTC” to advance.
Step 4 – Purchasing XEL (XEL) As soon as you've discovered XEL (XEL), you'll be given a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). Next we're making our own Limit Order. The ”Price” field will be filled with the up-to-date rate XEL (XEL) was sold for. This can be changed to your preferred price. The field with the “Amount” tag is the amount of XEL you want to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you'll settle for the complete amount of XEL. When you're glad, make a mouse click on “Buy XEL”. Your order will be filled when a Vendor sells their XEL for the price you introduced.
Step 5 – Withdraw (XEL) XEL Unless you are frequently trading, never keep your crypto on an Cryptocurrency Exchange for an extended time period. To take off your (XEL) XEL, go to the tab called “Funds” and mouse click on “Withdraw”. (XEL) XEL can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate (XEL) XEL by using the provided drop-down box. Put into the quantity of (XEL) XEL you'd wish to take off. Take into account the demonstrated fees/minimums. Also make sure you have filled your right withdraw address. If you are happy, click on “Submit”. You may be requested for phone/email verification ahead of a withdrawal.