How to Buy iBTC (IBTC)

A Step-by-Step-Guide on how to buy iBTC (IBTC)

Step 1 – Signup to Coinbase and get 10$ for free

In the beginning you'll need to purchase units of the bigger currencies. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Follow the Link below to register and to get your first 10 Dollar.

Coinbase Free Bitcoin

Binance Signup
Step 2 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Cryptocurrency Exchange

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is alike. iBTC (IBTC) is accessible on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow these easy steps)

Make sure you've selected the correct coin you would like to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. In the case you are using a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our guide).

Step 3 – Find (IBTC) iBTC

Once your deposit has been affirmed, you will directly have access to your assets and you can start buying and trading. To buy (IBTC) iBTC on Binance, you will want to hover over the ”Exchange” tab and click on “Basic”.

To spot (IBTC) iBTC, you will need to put the cointype (IBTC) into the search-box, which is marked in the image. Be certain of having selected the right pairing, we have marked this too. Click on “IBTC/BTC” to proceed.

Binance Hot To Buy iBTC (IBTC)
Binance How to Buy (IBTC) iBTC
Step 4 – Purchasing (IBTC) iBTC

After you've discovered (IBTC) iBTC, you'll be presented with a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). Next we are going to create our Limit Order.

The ”Price” field will be filled with the most latest price (IBTC) iBTC was traded for. This can be changed to your desired price. The field with the “Amount” tag is the amount of IBTC you wish to buy. The field with the “Total” tag is the total price in BTC that you will pay for the whole amount of IBTC.

If you are happy, click on “Buy IBTC”. Your order will be filled when a Seller trades their IBTC for the price you offered.

Step 5 – Withdraw iBTC (IBTC)

Unless you are regularly trading, best advise is not to keep your crypto on an Crypto Trader for an extended time period. To take off your iBTC (IBTC), go to the ”Funds” tab and mouse click on “Withdraw”. iBTC (IBTC) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find iBTC (IBTC) by using the given drop-down box. Enter the quantity of iBTC (IBTC) you'd wish to take off. Don't forget the demonstrated minimus/fees. Also make sure you have entered your right withdraw address.

When you are happy, click “Submit”. You may be asked for verfication via phone/email ahead of a withdrawal.

Binance Withdraw

Congrats! You've successfully bought and safed iBTC (IBTC).

That's it!

Take offs from Exchange can take between 1 – 30 minutes (depending on network usage). Once you have confirmed your withdrawal with Etherscan.io or Ethplorer.io and the iBTC (IBTC) is stored within your wallet, you're all done.