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 Ethereum or Bitcoin to an Crypto Exchange Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Exchange now. Every exchange has a deposit form that is similar. Elastos (ELA) is obtainable on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Crypto Trader? (Just follow this manual) Make sure you've selected the right coin you wish to deposit. BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, and so on. In the case you're using a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our how-to).
Step 3 – Locate Elastos (ELA) Once your deposit has been approved, you'll instantly have access to your assets and you can launch invest and trading. To invest in Elastos (ELA) on Binance, you'll want to hover over the tab which is called “Exchange” and then click on “Basic”. In order to spot Elastos (ELA), you will need to insert the cointype (ELA) into the search-box, which is highlighted in the graphic. Be certain of having selected the right grouping, we've highlighted this too. Click on “ELA/BTC” to advance.
Step 4 – Purchase Elastos (ELA) After you have found Elastos (ELA), you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). For now we are going to make our own Limit Order. The ”Price” field will be automatically filled with the most recent valuation Elastos (ELA) was traded for. You can change this to your preferred price. The field with the “Amount” tag is the quantity of ELA you want to buy. The field with the “Total” tag is the whole price in BTC that you will pay for the complete quantity of ELA. If you are happy, click on “Buy ELA”. Your plan will be filled as soon as a Vender sells their ELA for the price you offered.
Step 5 – Withdraw Elastos (ELA) Unless you're regularly trading, best advise is not to keep coins on an Crypto Trader for an extensive time period. In order to withdraw your Elastos (ELA), hover over the ”Funds” tab and click on “Withdraw”. Elastos (ELA) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Elastos (ELA) by using the given drop-down box. Put into the volumen of Elastos (ELA) you'd wish to withdraw. Don't forget the demonstrated minimus/fees. Also make sure you have entered your correct withdraw address. If you are glad, make a mouse click on “Submit”. You may be asked for phone/email verification before a withdrawal.