A Step-by-Step-Guide on how to buy Elicoin (ELI)
Step 1 – Signup to Coinbase and get 10$ for free You will first need to buy units of the top-tier currencies. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Click below for registration and receive your first 10 Dollar.
Step 2 – Transmit Your Bitcoin or Ethereum to an Crypto Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. Elicoin (ELI) is accessible on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Crypto Exchange? (Just follow this how-to) Make sure you've chosen the correct coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so on. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our how-to).
Step 3 – Locate (ELI) Elicoin Once your deposit has been affirmed, you'll now have access to your funds and you can begin buying and trading. To invest in (ELI) Elicoin on Binance, you'll want to go to the ”Exchange” tab and click on “Basic”. To locate (ELI) Elicoin, you'll need to insert the shortname of the coin (ELI) into the search box, which is marked in the image. Make sure you have choosen the proper grouping, we have marked this too. Click on “ELI/BTC” to advance.
Step 4 – Purchasing (ELI) Elicoin Once you've spotted (ELI) Elicoin, you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). Next we are going to create our own Limit Order. The ”Price” field will be automatically filled with the recent valuation (ELI) Elicoin was sold for. You can change this to your favoured price. The ”Amount” field is the quantity of ELI you want to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you will settle for the complete quantity of ELI. If you're satisfied, click on “Buy ELI”. Your order will be filled when a Vendor trades their ELI for the price you introduced.
Step 5 – Withdraw (ELI) Elicoin Unless you are frequently trading, never keep your coins on an Cryptocurrency Exchange for an extensive period of time. In order to take off your (ELI) Elicoin, hover over the tab called “Funds” and click on “Withdraw”. (ELI) Elicoin can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find (ELI) Elicoin by using the provided drop-down box. Drop in the quantity of (ELI) Elicoin you would wish to take off. Take into account the shown fees/minimums. Also make sure you have entered your correct withdraw address. When you are happy, click “Submit”. You could be requested for email/phone verification before a take off.