A Step-by-Step-Guide on how to buy Elastos (ELA)
Step 1 – Join Kraken You'll first need to purchase units of the bigger coins. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click below for registration and to get Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) to an Cryptocurrency Exchange Your Bitcoin or Ethereum has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is identical. Elastos (ELA) is accessible on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this guide) Make sure you have selected the correct coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. If you're working with a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our how-to).
Step 3 – Locate Elastos (ELA) Once your deposit has been confirmed, you'll instantly have access to your finances and you can initiate buying and trading. To invest in Elastos (ELA) on Binance, you'll want to hover over the tab which is called “Exchange” and mouse click on “Basic”. To spot Elastos (ELA), you'll need to insert the short name of the asset (ELA) into the search box, which is highlighted in the image. Make sure you have selected the correct grouping, we have highlighted this also. Click on “ELA/BTC” to go on.
Step 4 – Acquisition of Elastos (ELA) After you've spotted Elastos (ELA), you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). Next we are making our own Limit Order. The field with the “Price” tag will be filled automatically with the up-to-date rate Elastos (ELA) was sold for. This can be changed to your preferred rate. The field with the “Amount” tag is the amount of ELA you like to buy. The field with the “Total” tag is the total price in BTC that you will pay for the complete amount of ELA. If you are happy, click on “Buy ELA”. Your order will be filled as soon as a Seller trades their ELA for the price you submitted.
Step 5 – Withdraw Elastos (ELA) Unless you're regularly trading, never keep your crypto on an Exchange for an extended time period. In order to take off your Elastos (ELA), hover over the tab called “Funds” and mouse click on “Withdraw”. Elastos (ELA) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Elastos (ELA) by using the given drop-down box. Put into the quantity of Elastos (ELA) you would like to take off. Don't forget the shown minimus/fees. Also make sure you have entered your correct withdraw address. If you're happy, click “Submit”. You may be requested for phone/email verification ahead of a withdrawal.