A Step-by-Step-Guide on how to buy Equal (EQL)
Step 1 – Join Kraken In the beginning you'll need to purchase one of the bigger currencies. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Click the button below for registration and to get ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Send Your Bitcoin or Ethereum to an Crypto Trader Your Bitcoin or Ethereum has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. Equal (EQL) is accessible on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Just follow this guide) Make sure you have selected the correct coin you want to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etcetera. In the case you're using a decentralized exchange, such as Airswap or DDEX could be different (Follow these easy steps).
Step 3 – Find Equal (EQL) As soon as your deposit has been confirmed, you'll now have access to your funds and you can start buying and trading. To buy Equal (EQL) on Binance, you'll want to hover over the tab which is called “Exchange” and then mouse click on “Basic”. To locate Equal (EQL), you will need to put the cointype (EQL) into the search-box, which is highlighted in the picture. Make sure you have choosen the proper grouping, we have highlighted this also. Click on “EQL/BTC” to go on.
Step 4 – Buying Equal (EQL) As soon as you have discovered Equal (EQL), you will be given a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the picture). And now we're going to create our own Limit Order. The field with the “Price” tag will be automatically filled with the most recent rate Equal (EQL) was traded for. You can change this to your preferred rate. The ”Amount” field is the quantity of EQL you like to purchase. The ”Total” field is the whole price in Bitcoin that you'll settle for the whole volumen of EQL. If you're satisfied, click on “Buy EQL”. Your order will be filled when a Seller trades their EQL for the price you offered.
Step 5 – Withdraw Equal (EQL) Unless you're regularly trading, best advise is not to keep crypto coins on an Exchange for an extended time period. To take off your Equal (EQL), hover over the ”Funds” tab and mouse click on “Withdraw”. Equal (EQL) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Equal (EQL) by using the provided drop-down box. Put into the amount of Equal (EQL) you would wish to withdraw. Don't forget the shown minimus/fees. Also make sure you have filled your right withdraw address. When you are satisfied, click on “Submit”. You may be asked for verfication via phone/email ahead of a withdrawal.