A Step-by-Step-Guide on how to buy Elrond ERD (ERD)
Step 1 – Signup to Kraken You will first need to buy units of the bigger coins. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Follow the Link below for registration and receive Funds.
Step 2 – Transmit Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Trader Your Ethereum or Bitcoin has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. Elrond ERD (ERD) 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 Trader? (Just follow these easy steps) Make sure you've selected the right coin you wish to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you're using a decentralized exchange, such as Airswap or DDEX could be different (Just follow these easy steps).
Step 3 – Locate Elrond ERD (ERD) As soon as your deposit has been approved, you'll immediately have access to your finances and you can initiate buying and trading. To buy Elrond ERD (ERD) on Binance, you'll want to go to the tab which is called “Exchange” and then click on “Basic”. In order to discover Elrond ERD (ERD), you'll need to insert the cointype (ERD) into the search box, which is highlighted in the graphic. Be certain of having choosen the correct pairing, we've highlighted this too. Click on “ERD/BTC” to proceed.
Step 4 – Purchase Elrond ERD (ERD) Once you've found Elrond ERD (ERD), you will be given a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). Next we're making our Limit Order. The field with the “Price” tag will be filled automatically with the up-to-date valuation Elrond ERD (ERD) was sold for. This can be changed to your desired price. The ”Amount” field is the quantity of ERD you like to buy. The ”Total” field is the aggregated price in BTC that you will pay for the whole quantity of ERD. If you are happy, make a mouse click on “Buy ERD”. Your plan will be filled when a Seller trades their ERD for the price you offered.
Step 5 – Withdraw Elrond ERD (ERD) Unless you're frequently trading, best advise is not to keep your crypto coins on an Exchange for an longer time frame. To withdraw your Elrond ERD (ERD), hover over the ”Funds” tab and click on “Withdraw”. Elrond ERD (ERD) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Elrond ERD (ERD) by using the provided drop-down box. Put into the amount of Elrond ERD (ERD) you would like to withdraw. Take into account the displayed minimus/fees. Also make sure you have filled your right withdraw address. If you're happy, make a mouse click on “Submit”. You may be requested for verfication via phone/email ahead of a withdrawal.