A Step-by-Step-Guide on how to buy IoT Chain (ITC)
Step 1 – Join Kraken You'll first need to buy one of the bigger coins. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Follow the Link below to register and to get Funds.
Step 2 – Send Your Funds to an Crypto Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. IoT Chain (ITC) is obtainable on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Crypto Exchange? (Follow this guide) Make sure you've chosen the right coin you wish to deposit. BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, et cetera. If you're dealing with a decentralized exchange, like Airswap or DDEX could be different (Just follow these easy steps).
Step 3 – Find IoT Chain (ITC) Once your deposit has been affirmed, you'll now have access to your finances and you can start purchasing and trading. To purchase IoT Chain (ITC) on Binance, you will want to hover over the tab which is called “Exchange” and then click on “Basic”. In order to locate IoT Chain (ITC), you'll need to insert the shortname of the coin (ITC) into the search-box, which is highlighted in the image. Make sure you have choosen the proper pairing, we've highlighted this too. Click on “ITC/BTC” to progress.
Step 4 – Purchase IoT Chain (ITC) After you have discovered IoT Chain (ITC), you'll be presented with a Price Chart (in the Center of the image) and some Order Books (on the Left of the picture). For now we are going to create our own Limit Order. The ”Price” field will be filled automatically with the most latest rate IoT Chain (ITC) was sold for. You can change this to your desired price. The field with the “Amount” tag is the quantity of ITC you like to purchase. The ”Total” field is the whole price in BTC that you will settle for the complete volumen of ITC. When you're glad, click on “Buy ITC”. Your plan will be filled when a Seller trades their ITC for the price you offered.
Step 5 – Withdraw IoT Chain (ITC) Unless you are frequently trading, you should never keepyour coins on an Crypto Trader for an extensive time period. To take off your IoT Chain (ITC), go to the tab called “Funds” and click on “Withdraw”. IoT Chain (ITC) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find IoT Chain (ITC) by using the provided drop-down box. Drop in the amount of IoT Chain (ITC) you would like to take off. Take into account the presented minimus/fees. Also make sure you have filled your right withdraw address. If you're happy, click “Submit”. You may be asked for verfication via email/phone ahead of a withdrawal.