A Step-by-Step-Guide on how to buy Electroneum (ETN)
Step 1 – Join CEX.io In the beginning you'll need to purchase one of the major currencies. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Click below to register and receive Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Send Your Bitcoin or Ethereum to an Exchange Your Bitcoin or Ethereum will need to be sent over to an Exchange now. Every exchange has a deposit form that is identical. Electroneum (ETN) is accessible on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Exchange? (Follow these easy steps) Make sure you've chosen the right coin you wish to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etc. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our how-to).
Step 3 – Locate (ETN) Electroneum As soon as your deposit has been affirmed, you will directly have access to your assets and you can start buying and trading. To invest in (ETN) Electroneum on Binance, you will want to go to the ”Exchange” tab and after that click on “Basic”. In order to spot (ETN) Electroneum, you will need to insert the shortname of the coin (ETN) into the search box, which is highlighted in the picture. Be certain of having choosen the right grouping, we've highlighted this too. Click on “ETN/BTC” to go ahead.
Step 4 – Buying (ETN) Electroneum After you've found (ETN) Electroneum, you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). And now we are going to make our own Limit Order. The ”Price” field will be automatically filled with the most latest tariff (ETN) Electroneum was traded for. This can be changed to your desired rate. The field with the “Amount” tag is the quantity of ETN you wish to purchase. The field with the “Total” tag is the total price in Bitcoin that you'll pay for the whole quantity of ETN. When you're glad, click on “Buy ETN”. Your order will be filled as soon as a Vendor trades their ETN for the price you submitted.
Step 5 – Withdraw Electroneum (ETN) Unless you're trading, best advise is not to keep coins on an Crypto Trader for an extended time period. To withdraw your Electroneum (ETN), go to the ”Funds” tab and click on “Withdraw”. Electroneum (ETN) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Electroneum (ETN) by using the provided drop-down box. Put into the quantity of Electroneum (ETN) you'd wish to withdraw. Take into account the demonstrated minimus/fees. Also make sure you have entered your correct withdraw address. When you're happy, click on “Submit”. You could be requested for verfication via email/phone ahead of a withdrawal.