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 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Cryptocurrency Exchange Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. Insolar (XNS) is accessible on Binance, so we're going to use that as an sample. Unsure on how to send Coinbase funds to an Exchange? (Just follow this how-to) Make sure you've selected the exact coin you would like to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, et cetera. If you are working with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow these easy steps).
Step 3 – Find Insolar (XNS) As soon as your deposit has been verified, you will instantly have access to your funds and you can launch invest and trading. To buy Insolar (XNS) on Binance, you will want to hover over the tab which is called “Exchange” and then mouse click on “Basic”. In order to find Insolar (XNS), you will need to insert the short name of the asset (XNS) into the search-box, which is highlighted in the image. Make sure you have selected the right grouping, we have marked this also. Click on “XNS/BTC” to advance.
Step 4 – Purchase Insolar (XNS) Once you've spotted Insolar (XNS), you'll be presented with a Price Chart (in the Center of the picture) and some Order Books (Leftside of the image). For now we are making our own Limit Order. The field with the “Price” tag will be filled with the most recent price Insolar (XNS) was traded for. You can change this to your desired price. The ”Amount” field is the volumen of XNS you wish to buy. The ”Total” field is the whole price in Bitcoin that you will pay for the whole volumen of XNS. When you are happy, click on “Buy XNS”. Your plan will be filled as soon as a Seller sells their XNS for the price you submitted.
Step 5 – Withdraw Insolar (XNS) Unless you are frequently trading, you should never keepyour crypto coins on an Crypto Trader for an extended time frame. In order to withdraw your Insolar (XNS), go to the tab called “Funds” and click on “Withdraw”. Insolar (XNS) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Insolar (XNS) by using the provided drop-down box. Enter the amount of Insolar (XNS) you would wish to withdraw. Take into account the presented fees/minimums. Also make sure you have entered your correct withdraw address. If you're satisfied, click on “Submit”. You may be asked for verfication via email/phone ahead of a take off.