A Step-by-Step-Guide on how to buy ILCOIN (ILC)
Step 1 – Join Kraken You'll first need to buy units of the major currencies. Exchanges normally accept either Ethereum or Bitcoin in exchange for alternative Coins. Click the button below for registration and receive BTC (Bitcoin) or ETH (Ethereum).
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. ILCOIN (ILC) is accessible on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Trader? (Follow this how-to) Make sure you've chosen the right coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so forth. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be different (Follow our how-to).
Step 3 – Find ILCOIN (ILC) Once your deposit has been affirmed, you'll immediately have access to your finances and you can begin invest and trading. To purchase ILCOIN (ILC) on Binance, you'll want to go to the tab which is called “Exchange” and then click on “Basic”. In order to find ILCOIN (ILC), you'll need to put the short name of the asset (ILC) into the search box, which is highlighted in the graphic. Be certain of having selected the proper pairing, we've highlighted this too. Click on “ILC/BTC” to continue.
Step 4 – Buying ILCOIN (ILC) After you've located ILCOIN (ILC), you'll be given a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). For now we are going to make our Limit Order. The ”Price” field will be automatically filled with the recent price ILCOIN (ILC) was traded for. This can be changed to your preferred rate. The field with the “Amount” tag is the quantity of ILC you like to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you will settle for the whole quantity of ILC. If you are satisfied, click on “Buy ILC”. Your plan will be filled when a Vender sells their ILC for the price you gave.
Step 5 – Withdraw ILCOIN (ILC) Unless you're frequently trading, best advise is not to keep coins on an Crypto Exchange for an longer time frame. To take off your ILCOIN (ILC), go to the ”Funds” tab and click on “Withdraw”. ILCOIN (ILC) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate ILCOIN (ILC) by using the provided drop-down box. Enter the amount of ILCOIN (ILC) you'd wish to take off. Don't forget the displayed fees/minimums. Also make sure you have filled your right withdraw address. If you're satisfied, make a mouse click on “Submit”. You may be requested for phone/email verification before a take off.