A Step-by-Step-Guide on how to buy ILCOIN (ILC)
Step 1 – Signup to Coinbase and get 10$ for free You will first need to purchase units of the bigger currencies. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click below to register and getting your first 10$.
Step 2 – Transfer Your Bitcoin (BTC) or Ethereum (ETH) to an Exchange Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Exchange now. Every exchange has 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 Coinbase funds to an Exchange? (Just follow this manual) Make sure you've selected the right coin you want to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etcetera. If you are working with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our how-to).
Step 3 – Locate (ILC) ILCOIN Once your deposit has been confirmed, you will now have access to your funds and you can start invest and trading. To purchase (ILC) ILCOIN on Binance, you will want to hover over the tab which is called “Exchange” and click on “Basic”. To discover (ILC) ILCOIN, you will need to insert the short name of the asset (ILC) into the search box, which is marked in the picture. Make sure you have choosen the correct pairing, we have marked this also. Click on “ILC/BTC” to proceed.
Step 4 – Buy ILCOIN (ILC) Once you have discovered ILCOIN (ILC), you will be presented with a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). And now we are making our Limit Order. The ”Price” field will be filled automatically with the most latest rate ILCOIN (ILC) was sold for. You can change this to your desired rate. The ”Amount” field is the quantity of ILC you want to purchase. The ”Total” field is the total price in Bitcoin that you will settle for the complete quantity of ILC. If you are happy, click on “Buy ILC”. Your plan will be filled as soon as a Seller sells their ILC for the price you introduced.
Step 5 – Withdraw (ILC) ILCOIN Unless you are frequently trading, best advise is not to keep coins on an Exchange for an extended period of time. In order to take off your (ILC) ILCOIN, hover over the tab called “Funds” and mouse click on “Withdraw”. (ILC) ILCOIN can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find (ILC) ILCOIN by using the provided drop-down box. Enter the amount of (ILC) ILCOIN you would like to take off. Take into account the presented fees/minimums. Also make sure you have entered your correct withdraw address. When you are satisfied, click “Submit”. You may be asked for verfication via email/phone before a withdrawal.