A Step-by-Step-Guide on how to buy ImageCoin (IMG)
Step 1 – Signup to Kraken In the beginning you'll need to purchase units of the major currencies. Exchanges commonly accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Follow the Link below to register and to get ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transmit Your Funds to an Cryptocurrency Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is identical. ImageCoin (IMG) is obtainable on Binance, so we're going to use that as an sample. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this manual) Make sure you have chosen the correct coin you wish to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etc. In the case you're working with a decentralized exchange, like Airswap or DDEX could be different (Follow our guide).
Step 3 – Locate ImageCoin (IMG) As soon as your deposit has been affirmed, you'll directly have access to your finances and you can commence invest and trading. To invest in ImageCoin (IMG) on Binance, you'll want to hover over the ”Exchange” tab and after that mouse click on “Basic”. In order to discover ImageCoin (IMG), you'll need to insert the cointype (IMG) into the search-box, which is marked in the graphic. Make sure you have selected the correct grouping, we've marked this also. Click on “IMG/BTC” to proceed.
Step 4 – Buying ImageCoin (IMG) Once you have found ImageCoin (IMG), you'll be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). For now we're creating our Limit Order. The ”Price” field will be filled automatically with the most recent price ImageCoin (IMG) was traded for. This can be changed to your favoured rate. The ”Amount” field is the volumen of IMG you wish to buy. The ”Total” field is the whole price in BTC that you'll pay for the complete volumen of IMG. When you're satisfied, make a mouse click on “Buy IMG”. Your plan will be filled as soon as a Vendor sells their IMG for the price you gave.
Step 5 – Withdraw ImageCoin (IMG) Unless you're trading, you should never keepyour crypto on an Exchange for an extended time period. To take off your ImageCoin (IMG), hover over the ”Funds” tab and click on “Withdraw”. ImageCoin (IMG) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find ImageCoin (IMG) by using the given drop-down box. Enter the quantity of ImageCoin (IMG) you would like to take off. Take into account the presented minimus/fees. Also make sure you have entered your correct withdraw address. When you're satisfied, make a mouse click on “Submit”. You may be requested for verfication via email/phone before a withdrawal.