A Step-by-Step-Guide on how to buy Fyooz (FYZ)
Step 1 – Signup to Kraken In the beginning you'll need to purchase one of the bigger coins. Exchanges normally accept either Bitcoin or Ethereum in exchange for Altcoins. Click the button below to register and to get Bitcoin or Ethereum.
Step 2 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Exchange Your Bitcoin or Ethereum will need to be sent over to an Exchange now. Every exchange has a deposit form that is identical. Fyooz (FYZ) is available on Binance, so we're going to use that as an sample. Unsure on how to send Coinbase funds to an Exchange? (Just follow this manual) Make sure you've selected the right coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so forth. If you are using a decentralized exchange, such as Airswap or DDEX could be different (Just follow our how-to).
Step 3 – Locate Fyooz (FYZ) Once your deposit has been approved, you'll immediately have access to your assets and you can start buying and trading. To purchase Fyooz (FYZ) on Binance, you'll want to hover over the ”Exchange” tab and then mouse click on “Basic”. To spot Fyooz (FYZ), you'll need to put the cointype (FYZ) into the search box, which is marked in the image. Make sure you have selected the correct grouping, we've marked this too. Click on “FYZ/BTC” to go ahead.
Step 4 – Acquisition of Fyooz (FYZ) As soon as you have discovered Fyooz (FYZ), you will be presented with a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the image). Next we are creating our own Limit Order. The ”Price” field will be filled automatically with the recent tariff Fyooz (FYZ) was sold for. This can be changed to your desired rate. The field with the “Amount” tag is the quantity of FYZ you like to buy. The field with the “Total” tag is the whole price in BTC that you will pay for the complete quantity of FYZ. If you're glad, click on “Buy FYZ”. Your order will be filled when a Vendor trades their FYZ for the price you gave.
Step 5 – Withdraw Fyooz (FYZ) Unless you are frequently trading, best advise is not to keep your coins on an Cryptocurrency Exchange for an longer period of time. To take off your Fyooz (FYZ), hover over the ”Funds” tab and click on “Withdraw”. Fyooz (FYZ) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Fyooz (FYZ) by using the provided drop-down box. Enter the quantity of Fyooz (FYZ) you would like to take off. Take into account the displayed minimus/fees. Also make sure you have filled your right withdraw address. If you are happy, click “Submit”. You could be asked for phone/email verification before a withdrawal.