How to Buy INLOCK (ILK)

A Step-by-Step-Guide on how to buy INLOCK (ILK)

Step 1 – Signup to CEX.io

You will first need to buy units of the bigger coins. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Follow the Link below to register and getting ETH (Ethereum) or BTC (Bitcoin).

Binance Signup
Step 2 – Transfer Your Bitcoin or Ethereum 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 alike. INLOCK (ILK) is available on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this manual)

Make sure you've chosen the exact coin you wish to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. If you're using a decentralized exchange, like Airswap or DDEX could be opposed (Follow our how-to).

Step 3 – Locate INLOCK (ILK)

Once your deposit has been affirmed, you will immediately have access to your finances and you can begin buying and trading. To invest in INLOCK (ILK) on Binance, you will want to go to the ”Exchange” tab and after that click on “Basic”.

To spot INLOCK (ILK), you will need to insert the cointype (ILK) into the search box, which is marked in the image. Be certain of having choosen the right grouping, we have marked this also. Click on “ILK/BTC” to continue.

Binance Hot To Buy INLOCK (ILK)
Binance How to Buy (ILK) INLOCK
Step 4 – Purchasing (ILK) INLOCK

Once you have spotted (ILK) INLOCK, you will be given a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). Next we're making our own Limit Order.

The field with the “Price” tag will be automatically filled with the most recent rate (ILK) INLOCK was traded for. You can change this to your favoured rate. The field with the “Amount” tag is the quantity of ILK you want to buy. The ”Total” field is the total price in BTC that you will settle for the complete quantity of ILK.

If you're glad, make a mouse click on “Buy ILK”. Your plan will be filled when a Vender trades their ILK for the price you introduced.

Step 5 – Withdraw (ILK) INLOCK

Unless you are frequently trading, never keep your coins on an Cryptocurrency Exchange for an longer time frame. To withdraw your (ILK) INLOCK, hover over the tab called “Funds” and click on “Withdraw”. (ILK) INLOCK can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (ILK) INLOCK by using the given drop-down box. Put into the amount of (ILK) INLOCK you'd like to withdraw. Don't forget the presented fees/minimums. Also make sure you have filled your right withdraw address.

When you are glad, click “Submit”. You could be asked for verfication via phone/email before a withdrawal.

Binance Withdraw

Kudos! You've successfully bought and safed INLOCK (ILK).

That's it!

Withdrawals from Exchange can durate anywhere from 1 – 30 minutes (rely on usage of the network). Once you have confirmed your withdrawal with Ethplorer.io or Etherscan.io and the INLOCK (ILK) is safe in your wallet, you're done.