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 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Cryptocurrency Exchange Your Bitcoin or Ethereum has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. Elastos (ELA) is available on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Exchange? (Just follow this manual) Make sure you have selected the precise coin you would like to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so forth. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be different (Follow our manual).
Step 3 – Find Elastos (ELA) Once your deposit has been verified, you'll now have access to your assets and you can start purchasing and trading. To invest in Elastos (ELA) on Binance, you'll want to hover over the tab which is called “Exchange” and after that click on “Basic”. To locate Elastos (ELA), you'll need to put the shortname of the coin (ELA) into the search-box, which is marked in the picture. Make sure you have selected the proper grouping, we've highlighted this too. Click on “ELA/BTC” to advance.
Step 4 – Buy Elastos (ELA) As soon as you have located 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 image). And now we're making our own Limit Order. The ”Price” field will be automatically filled with the most latest rate Elastos (ELA) was traded for. This can be changed to your desired price. The ”Amount” field is the quantity of ELA you wish to purchase. The ”Total” field is the total price in Bitcoin that you'll pay for the whole amount of ELA. If you are glad, make a mouse click on “Buy ELA”. Your order will be filled as soon as a Vender trades their ELA for the price you gave.
Step 5 – Withdraw Elastos (ELA) Unless you are regularly trading, never keep your coins on an Crypto Trader for an extensive time period. In order to withdraw your Elastos (ELA), go to the ”Funds” tab and click on “Withdraw”. Elastos (ELA) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Elastos (ELA) by using the provided drop-down box. Drop in the quantity of Elastos (ELA) you'd wish to take off. Take into account the demonstrated fees/minimums. Also make sure you have entered your right withdraw address. If you are happy, make a mouse click on “Submit”. You could be requested for verfication via email/phone ahead of a take off.