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.
Step 2 – Transmit Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Trader Your Bitcoin or Ethereum has to be sent over to an Exchange now. All exchanges have a deposit form that is identical. Insolar (XNS) is obtainable on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Exchange? (Just follow this manual) Make sure you've selected the right coin you want to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so on. If you're using a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our guide).
Step 3 – Locate Insolar (XNS) As soon as your deposit has been affirmed, you'll immediately have access to your assets and you can initiate buying and trading. To invest in Insolar (XNS) on Binance, you will want to go to the ”Exchange” tab and then mouse click on “Basic”. To locate Insolar (XNS), you will need to put the short name of the asset (XNS) into the search-box, which is marked in the graphic. Be certain of having selected the right pairing, we have highlighted this too. Click on “XNS/BTC” to advance.
Step 4 – Buying Insolar (XNS) As soon as you have discovered Insolar (XNS), you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). Next we are making our own Limit Order. The ”Price” field will be filled with the most recent rate Insolar (XNS) was traded for. This can be changed to your desired price. The ”Amount” field is the amount of XNS you want to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you will settle for the whole amount of XNS. If you're happy, make a mouse click on “Buy XNS”. Your order will be filled as soon as a Seller sells their XNS for the price you submitted.
Step 5 – Withdraw Insolar (XNS) Unless you are regularly trading, best advise is not to keep crypto on an Crypto Exchange for an longer time frame. To take off your Insolar (XNS), go to the ”Funds” tab and mouse click on “Withdraw”. Insolar (XNS) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Insolar (XNS) by using the given drop-down box. Enter the amount of Insolar (XNS) you would like to take off. Take into account the shown minimus/fees. Also make sure you have filled your right withdraw address. If you're glad, click on “Submit”. You could be requested for email/phone verification before a withdrawal.
Kudos! You have successfully bought and safed Insolar (XNS).That's it! Withdrawals from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (rely on usage of the network). Once you've proved your withdrawal using Etherscan.io or Ethplorer.io and the (XNS) Insolar is stored in your wallet, you are done.
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