A Step-by-Step-Guide on how to buy Ethereum Lite (ELITE)
Step 1 – Join Kraken In the beginning you'll need to buy units of the top-tier coins. Exchanges commonly accept either Ethereum or Bitcoin in exchange for alternative Coins. Follow the Link below for registration and receive Bitcoin or Ethereum.
Step 2 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Trader Your Ethereum or Bitcoin will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is alike. Ethereum Lite (ELITE) is accessible on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Exchange? (Follow this manual) Make sure you have selected the exact 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 are dealing with a decentralized exchange, like Airswap or DDEX could be different (Follow our manual).
Step 3 – Locate Ethereum Lite (ELITE) As soon as your deposit has been approved, you will instantly have access to your assets and you can start invest and trading. To buy Ethereum Lite (ELITE) on Binance, you will want to go to the ”Exchange” tab and after that click on “Basic”. In order to spot Ethereum Lite (ELITE), you will need to insert the cointype (ELITE) into the search-box, which is highlighted in the image. Make sure you have choosen the correct grouping, we have marked this too. Click on “ELITE/BTC” to go ahead.
Step 4 – Buying Ethereum Lite (ELITE) After you've spotted Ethereum Lite (ELITE), you will be presented with a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the image). And now we're creating our own Limit Order. The field with the “Price” tag will be automatically filled with the most up-to-date rate Ethereum Lite (ELITE) was traded for. This can be changed to your favoured price. The ”Amount” field is the quantity of ELITE you want to purchase. The ”Total” field is the aggregated price in Bitcoin that you will pay for the complete volumen of ELITE. If you're glad, make a mouse click on “Buy ELITE”. Your plan will be filled when a Vendor trades their ELITE for the price you introduced.
Step 5 – Withdraw Ethereum Lite (ELITE) Unless you're regularly trading, best advise is not to keep your coins on an Exchange for an extensive time period. In order to withdraw your Ethereum Lite (ELITE), hover over the ”Funds” tab and mouse click on “Withdraw”. Ethereum Lite (ELITE) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Ethereum Lite (ELITE) by using the provided drop-down box. Put into the volumen of Ethereum Lite (ELITE) you'd wish to take off. Take into account the shown minimus/fees. Also make sure you have entered your precise withdraw address. When you're satisfied, click “Submit”. You could be asked for phone/email verification ahead of a take off.