A Step-by-Step-Guide on how to buy Elrond ERD (ERD)
Step 1 – Join Coinbase and recieve 10$ for free You'll first need to purchase one of the major currencies. Exchanges normally accept either Ethereum or Bitcoin in exchange for alternative Coins. Click below to register and receive your first $10.
Step 2 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. Elrond ERD (ERD) is obtainable on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Follow this guide) Make sure you have selected the correct coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. If you're working with a decentralized exchange, such as Airswap or DDEX could be different (Follow our how-to).
Step 3 – Locate Elrond ERD (ERD) Once your deposit has been approved, you'll directly have access to your finances and you can launch invest and trading. To buy Elrond ERD (ERD) on Binance, you'll want to hover over the ”Exchange” tab and click on “Basic”. In order to find Elrond ERD (ERD), you'll need to insert the shortname of the coin (ERD) into the search-box, which is marked in the picture. Be certain of having choosen the right grouping, we've marked this too. Click on “ERD/BTC” to go ahead.
Step 4 – Buy (ERD) Elrond ERD Once you've discovered (ERD) Elrond ERD, you'll be given a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). Next we are making our own Limit Order. The ”Price” field will be filled with the latest tariff (ERD) Elrond ERD was traded for. You can change this to your desired rate. The field with the “Amount” tag is the volumen of ERD you want to purchase. The ”Total” field is the aggregated price in BTC that you will pay for the complete volumen of ERD. If you're happy, make a mouse click on “Buy ERD”. Your plan will be filled when a Seller sells their ERD for the price you submitted.
Step 5 – Withdraw Elrond ERD (ERD) Unless you are frequently trading, best advise is not to keep your crypto on an Cryptocurrency Exchange for an extended time frame. In order to take off your Elrond ERD (ERD), go to the ”Funds” tab and click on “Withdraw”. Elrond ERD (ERD) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Elrond ERD (ERD) by using the given drop-down box. Drop in the amount of Elrond ERD (ERD) you would like to take off. Don't forget the shown minimus/fees. Also make sure you have entered your correct withdraw address. If you are glad, make a mouse click on “Submit”. You may be asked for verfication via email/phone ahead of a take off.