A Step-by-Step-Guide on how to buy IOST (IOST)
Step 1 – Join CEX.io You will first need to purchase units of the bigger currencies. Exchanges usually accept either Ethereum or Bitcoin in exchange for alternative Coins. Click below to register and to get BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Exchange Your Bitcoin or Ethereum will need to be sent over to an Exchange now. All exchanges have a deposit form that is similar. IOST (IOST) is accessible on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Exchange? (Follow this guide) Make sure you have selected the correct coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be different (Follow our how-to).
Step 3 – Find IOST (IOST) As soon as your deposit has been verified, you'll now have access to your funds and you can commence invest and trading. To purchase IOST (IOST) on Binance, you'll want to hover over the ”Exchange” tab and then mouse click on “Basic”. In order to find IOST (IOST), you'll need to insert the cointype (IOST) into the search-box, which is marked in the image. Make sure you have selected the proper grouping, we've marked this also. Click on “IOST/BTC” to proceed.
Step 4 – Buy IOST (IOST) After you've spotted IOST (IOST), you'll be presented with a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). And now we are making our own Limit Order. The field with the “Price” tag will be filled with the up-to-date price IOST (IOST) was traded for. This can be changed to your desired price. The ”Amount” field is the amount of IOST you like to buy. The ”Total” field is the total price in Bitcoin that you will pay for the complete amount of IOST. If you're happy, click on “Buy IOST”. Your plan will be filled as soon as a Seller trades their IOST for the price you introduced.
Step 5 – Withdraw IOST (IOST) Unless you're frequently trading, best advise is not to keep crypto on an Crypto Trader for an extensive period of time. To take off your IOST (IOST), go to the ”Funds” tab and mouse click on “Withdraw”. IOST (IOST) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate IOST (IOST) by using the given drop-down box. Enter the volumen of IOST (IOST) you would like to take off. Don't forget the shown fees/minimums. Also make sure you have entered your correct withdraw address. If you're satisfied, click on “Submit”. You may be requested for email/phone verification before a withdrawal.