A Step-by-Step-Guide on how to buy Encocoin (XNK)
Step 1 – Signup to Coinbase – Get Free $10 In the beginning you'll need to purchase units of the bigger currencies. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Click the button below for registration and getting your welcome $10.
Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is identical. Encocoin (XNK) is obtainable on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Crypto Exchange? (Follow this how-to) Make sure you've chosen the correct coin you wish to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so forth. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our guide).
Step 3 – Find (XNK) Encocoin As soon as your deposit has been approved, you will now have access to your assets and you can launch purchasing and trading. To buy (XNK) Encocoin on Binance, you will want to hover over the tab which is called “Exchange” and click on “Basic”. In order to locate (XNK) Encocoin, you will need to insert the shortname of the coin (XNK) into the search-box, which is highlighted in the image. Make sure you have choosen the proper grouping, we've highlighted this too. Click on “XNK/BTC” to go on.
Step 4 – Buy (XNK) Encocoin As soon as you've discovered (XNK) Encocoin, you will be given a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). Next we're going to create our own Limit Order. The field with the “Price” tag will be filled with the up-to-date price (XNK) Encocoin was traded for. This can be changed to your desired rate. The field with the “Amount” tag is the quantity of XNK you like to buy. The field with the “Total” tag is the whole price in Bitcoin that you'll settle for the complete quantity of XNK. When you're satisfied, click on “Buy XNK”. Your plan will be filled when a Vender sells their XNK for the price you offered.
Step 5 – Withdraw Encocoin (XNK) Unless you're regularly trading, best advise is not to keep coins on an Cryptocurrency Exchange for an longer time period. In order to withdraw your Encocoin (XNK), hover over the tab called “Funds” and click on “Withdraw”. Encocoin (XNK) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Encocoin (XNK) by using the given drop-down box. Enter the volumen of Encocoin (XNK) you would wish to withdraw. Take into account the shown minimus/fees. Also make sure you have filled your precise withdraw address. When you're glad, click on “Submit”. You may be asked for email/phone verification before a withdrawal.