A Step-by-Step-Guide on how to buy Electroneum (ETN)
Step 1 – Join Kraken You will first need to purchase units of the major currencies. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Click the button below to register and getting ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Cryptocurrency Exchange Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. Electroneum (ETN) is available on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Exchange? (Just follow this guide) Make sure you have chosen the exact coin you want to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, etc. If you are using a decentralized exchange, such as Airswap or DDEX could be different (Follow our manual).
Step 3 – Find Electroneum (ETN) Once your deposit has been confirmed, you will directly have access to your assets and you can commence purchasing and trading. To invest in Electroneum (ETN) on Binance, you will want to go to the tab which is called “Exchange” and then click on “Basic”. To locate Electroneum (ETN), you will need to put the cointype (ETN) into the search box, which is marked in the picture. Be certain of having choosen the proper pairing, we've highlighted this also. Click on “ETN/BTC” to go ahead.
Step 4 – Buying Electroneum (ETN) As soon as you have discovered Electroneum (ETN), you'll be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the image). Next we are making our own Limit Order. The field with the “Price” tag will be automatically filled with the most up-to-date rate Electroneum (ETN) was traded for. You can change this to your preferred rate. The field with the “Amount” tag is the amount of ETN you wish to buy. The field with the “Total” tag is the whole price in Bitcoin that you will settle for the whole volumen of ETN. When you are glad, make a mouse click on “Buy ETN”. Your order will be filled when a Vender trades their ETN for the price you offered.
Step 5 – Withdraw Electroneum (ETN) Unless you are frequently trading, best advise is not to keep coins on an Crypto Exchange for an extended period of time. To withdraw your Electroneum (ETN), hover over the tab called “Funds” and click on “Withdraw”. Electroneum (ETN) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Electroneum (ETN) by using the provided drop-down box. Drop in the quantity of Electroneum (ETN) you would wish to take off. Take into account the demonstrated fees/minimums. Also make sure you have entered your correct withdraw address. If you're happy, make a mouse click on “Submit”. You may be asked for phone/email verification before a withdrawal.