A Step-by-Step-Guide on how to buy Honey (HNY)
Step 1 – Signup to Coinbase and recieve 10$ for free In the beginning you'll need to buy one of the major currencies. Exchanges commonly accept either Ethereum or Bitcoin in exchange for alternative Coins. Click below to register and receive your welcome $10.
Step 2 – Transmit Your Ethereum or Bitcoin to an Crypto Trader Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. Honey (HNY) is available on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Crypto Trader? (Follow this manual) Make sure you have chosen the exact coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so forth. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow these easy steps).
Step 3 – Find Honey (HNY) Once your deposit has been approved, you will instantly have access to your assets and you can launch purchasing and trading. To buy Honey (HNY) on Binance, you will want to go to the ”Exchange” tab and after that mouse click on “Basic”. To locate Honey (HNY), you will need to put the short name of the asset (HNY) into the search box, which is marked in the graphic. Be certain of having selected the proper grouping, we have marked this also. Click on “HNY/BTC” to progress.
Step 4 – Purchasing Honey (HNY) As soon as you have found Honey (HNY), you will be presented with a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the image). For now we're going to create our own Limit Order. The ”Price” field will be filled with the up-to-date valuation Honey (HNY) was sold for. This can be changed to your preferred rate. The ”Amount” field is the amount of HNY you like to buy. The ”Total” field is the whole price in BTC that you will settle for the whole amount of HNY. If you are happy, click on “Buy HNY”. Your order will be filled when a Seller sells their HNY for the price you introduced.
Step 5 – Withdraw (HNY) Honey Unless you are regularly trading, you should never keepyour crypto on an Crypto Exchange for an extensive time period. To take off your (HNY) Honey, go to the ”Funds” tab and click on “Withdraw”. (HNY) Honey can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate (HNY) Honey by using the given drop-down box. Drop in the quantity of (HNY) Honey you'd wish to take off. Take into account the shown fees/minimums. Also make sure you have filled your right withdraw address. If you are satisfied, make a mouse click on “Submit”. You may be requested for verfication via phone/email ahead of a take off.