How to Buy INLOCK (ILK)

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

Step 1 – Signup to Kraken

In the beginning you'll need to purchase one of the bigger currencies. Exchanges commonly accept either Ethereum or Bitcoin in exchange for alternative Coins. Click the button below for registration and to get Bitcoin (BTC) or Ethereum (ETH).

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

Your Bitcoin or Ethereum has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is identical. INLOCK (ILK) is available on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Crypto Exchange? (Just follow this manual)

Make sure you have selected the right coin you want to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etcetera. In the case you're working with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our how-to).

Step 3 – Locate INLOCK (ILK)

As soon as your deposit has been affirmed, you'll directly have access to your assets and you can launch buying and trading. To purchase INLOCK (ILK) on Binance, you'll want to hover over the tab which is called “Exchange” and then click on “Basic”.

To locate INLOCK (ILK), you will need to insert the cointype (ILK) into the search-box, which is highlighted in the picture. Be certain of having selected the correct grouping, we have marked this too. Click on “ILK/BTC” to continue.

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

As soon as you have found INLOCK (ILK), you will be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the image). Next we're creating our own Limit Order.

The field with the “Price” tag will be filled automatically with the most up-to-date price INLOCK (ILK) was sold for. This can be changed to your desired rate. The ”Amount” field is the volumen of ILK you like to purchase. The ”Total” field is the whole price in Bitcoin that you will settle for the whole amount of ILK.

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

Step 5 – Withdraw INLOCK (ILK)

Unless you are frequently trading, you should never keepyour crypto on an Cryptocurrency Exchange for an extensive time period. To withdraw your INLOCK (ILK), go to the ”Funds” tab and click on “Withdraw”. INLOCK (ILK) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate INLOCK (ILK) by using the given drop-down box. Drop in the quantity of INLOCK (ILK) you would like to withdraw. Don't forget the shown minimus/fees. Also make sure you have entered your correct withdraw address.

When you are satisfied, click “Submit”. You could be asked for email/phone verification ahead of a withdrawal.

Binance Withdraw

Kudos! You have successfully purchased and stored INLOCK (ILK).

That's it!

Take offs from Exchange can take between 1 – 30 minutes (depending on usage of the network). Once you've confirmed your take off with Ethplorer.io or Etherscan.io and the (ILK) INLOCK is safe within your wallet, you are all done.

Some other Guides on How to buy Coins

How to Buy GravityCoin
How to Buy Gridcoin
How to Buy Coins
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