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 – Transfer Your Funds to an Exchange

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. Elastos (ELA) is accessible on Binance, so we're going to use that as an illustration. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this manual)

Make sure you have selected the correct coin you want to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, et cetera. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be different (Follow our guide).

Step 3 – Locate Elastos (ELA)

As soon as your deposit has been approved, you will instantly have access to your funds and you can commence invest and trading. To purchase Elastos (ELA) on Binance, you'll want to go to the tab which is called “Exchange” and then mouse click on “Basic”.

To spot Elastos (ELA), you will need to put the cointype (ELA) into the search-box, which is marked in the image. Be certain of having selected the correct grouping, we've highlighted this also. Click on “ELA/BTC” to go ahead.

Step 4 – Purchase Elastos (ELA)

As soon as you have found Elastos (ELA), you'll be presented with a Price Chart (in the Center of the image) and some Order Books (on the Left of the picture). For now we're going to make our own Limit Order.

The ”Price” field will be filled with the most up-to-date valuation Elastos (ELA) was traded for. You can change this to your preferred rate. The field with the “Amount” tag is the quantity of ELA you like to purchase. The field with the “Total” tag is the total price in Bitcoin that you'll settle for the whole volumen of ELA.

If you are glad, make a mouse click on “Buy ELA”. Your plan will be filled as soon as a Vendor trades their ELA for the price you introduced.

Step 5 – Withdraw Elastos (ELA)

Unless you're frequently trading, best advise is not to keep your crypto on an Exchange for an longer time period. To withdraw your Elastos (ELA), go to the tab called “Funds” and mouse 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 displayed fees/minimums. Also make sure you have entered your right withdraw address.

When you're satisfied, click on “Submit”. You could be asked for verfication via phone/email ahead of a take off.