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 Bitcoin (BTC) or Ethereum (ETH) to an Crypto Exchange Your Bitcoin or Ethereum will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. Insolar (XNS) is available on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Just follow these easy steps) Make sure you've chosen the correct coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. In the case you are using a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our guide).
Step 3 – Locate Insolar (XNS) Once your deposit has been confirmed, you will instantly have access to your funds and you can launch invest and trading. To invest in Insolar (XNS) on Binance, you will want to go to the tab which is called “Exchange” and then click on “Basic”. In order to spot Insolar (XNS), you will need to put the cointype (XNS) into the search-box, which is highlighted in the image. Make sure you have choosen the correct pairing, we've highlighted this also. Click on “XNS/BTC” to progress.
Step 4 – Acquisition of Insolar (XNS) As soon as you have located Insolar (XNS), you will be presented with a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). And now we're going to make our Limit Order. The ”Price” field will be filled with the up-to-date valuation Insolar (XNS) was sold for. This can be changed to your preferred price. The ”Amount” field is the quantity of XNS you wish to purchase. The ”Total” field is the aggregated price in Bitcoin that you will settle for the whole quantity of XNS. When you're glad, make a mouse click on “Buy XNS”. Your plan will be filled when a Vendor sells their XNS for the price you gave.
Step 5 – Withdraw Insolar (XNS) Unless you're trading, you should never keepyour crypto coins on an Exchange for an longer period of time. To take off your Insolar (XNS), go to the tab called “Funds” and mouse click on “Withdraw”. Insolar (XNS) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Insolar (XNS) by using the given drop-down box. Drop in the volumen of Insolar (XNS) you'd like to take off. Don't forget the presented minimus/fees. Also make sure you have entered your precise withdraw address. When you're glad, make a mouse click on “Submit”. You could be asked for email/phone verification before a withdrawal.