A Step-by-Step-Guide on how to buy FYDcoin (FYD)
Step 1 – Join Kraken You'll first need to purchase units of the bigger coins. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click below to register and to get Bitcoin or Ethereum.
Step 2 – Transfer Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Trader Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Exchange now. Every exchange has a deposit form that is alike. FYDcoin (FYD) is obtainable on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this manual) Make sure you've chosen the precise coin you want to deposit. BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etcetera. If you are dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Follow our how-to).
Step 3 – Find FYDcoin (FYD) Once your deposit has been approved, you'll immediately have access to your funds and you can initiate invest and trading. To buy FYDcoin (FYD) on Binance, you'll want to go to the tab which is called “Exchange” and then click on “Basic”. To locate FYDcoin (FYD), you will need to insert the cointype (FYD) into the search-box, which is highlighted in the graphic. Be certain of having selected the proper grouping, we've highlighted this also. Click on “FYD/BTC” to continue.
Step 4 – Purchasing FYDcoin (FYD) As soon as you've located FYDcoin (FYD), you will be presented with a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the picture). For now we're creating our own Limit Order. The field with the “Price” tag will be filled automatically with the most up-to-date price FYDcoin (FYD) was sold for. This can be changed to your desired price. The field with the “Amount” tag is the quantity of FYD you want to buy. The field with the “Total” tag is the whole price in Bitcoin that you will pay for the complete amount of FYD. If you are glad, make a mouse click on “Buy FYD”. Your plan will be filled when a Vender trades their FYD for the price you introduced.
Step 5 – Withdraw FYDcoin (FYD) Unless you are regularly trading, never keep your crypto coins on an Exchange for an extensive time frame. To take off your FYDcoin (FYD), hover over the tab called “Funds” and click on “Withdraw”. FYDcoin (FYD) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find FYDcoin (FYD) by using the given drop-down box. Drop in the volumen of FYDcoin (FYD) you'd wish to take off. Take into account the presented minimus/fees. Also make sure you have filled your right withdraw address. When you are satisfied, click on “Submit”. You may be requested for email/phone verification ahead of a take off.