How to Buy Insolar (XNS)

A Step-by-Step-Guide on how to buy Insolar (XNS)

Step 1 – Signup to Kraken

In the beginning you'll need to buy units of the bigger coins. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Click below for registration and getting Bitcoin or Ethereum.

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

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is alike. Insolar (XNS) is available on Binance, so we're going to use that as an sample. Unsure on how to send funds from Coinbase to an Exchange? (Just follow this guide)

Make sure you've selected the right coin you wish to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, et cetera. If you're working with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our guide).

Step 3 – Find Insolar (XNS)

As soon as your deposit has been affirmed, you will instantly have access to your assets and you can launch buying and trading. To buy Insolar (XNS) on Binance, you will want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”.

In order to spot Insolar (XNS), you will need to insert the short name of the asset (XNS) into the search-box, which is marked in the picture. Make sure you have choosen the right grouping, we have marked this too. Click on “XNS/BTC” to continue.

Binance Hot To Buy Insolar (XNS)
Binance How to Buy (XNS) Insolar
Step 4 – Acquisition of Insolar (XNS)

Once you've discovered Insolar (XNS), you'll be presented with a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). And now we are creating our own Limit Order.

The ”Price” field will be automatically filled with the most latest price Insolar (XNS) was sold for. This can be changed to your desired price. The ”Amount” field is the amount of XNS you wish to purchase. The ”Total” field is the aggregated price in BTC that you will pay for the whole amount of XNS.

When you are satisfied, click on “Buy XNS”. Your order will be filled as soon as a Vendor trades their XNS for the price you offered.

Step 5 – Withdraw Insolar (XNS)

Unless you're frequently trading, best advise is not to keep your crypto on an Crypto Exchange for an extended period of time. In order to take off your Insolar (XNS), hover over the ”Funds” tab and click on “Withdraw”. Insolar (XNS) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find Insolar (XNS) by using the provided drop-down box. Enter the quantity of Insolar (XNS) you'd wish to withdraw. Don't forget the presented fees/minimums. Also make sure you have filled your precise withdraw address.

If you're happy, click “Submit”. You may be requested for verfication via email/phone ahead of a withdrawal.

Binance Withdraw

Congratulations! You've successfully purchased and safed Insolar (XNS).

That's it!

Withdrawals from Crypto Trader can take anywhere from 1 – 30 minutes (rely on network usage). As soon as you have proved your withdrawal with Etherscan.io or Ethplorer.io and the (XNS) Insolar is safe within your wallet, you're all done.

Some other Guides on How to buy Coins

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