A Step-by-Step-Guide on how to buy Iridium (IRD)
Step 1 – Signup to CEX.io You'll first need to buy one of the bigger coins. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Follow the Link below to register and to get Bitcoin or Ethereum.
Step 2 – Transfer Your Ethereum or Bitcoin to an Crypto Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. Iridium (IRD) is available on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Just follow this guide) Make sure you've chosen the exact coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so on. In the case you're using a decentralized exchange, such as Airswap or DDEX could be different (Just follow these easy steps).
Step 3 – Find Iridium (IRD) As soon as your deposit has been approved, you will directly have access to your assets and you can launch invest and trading. To buy Iridium (IRD) on Binance, you will want to go to the tab which is called “Exchange” and then click on “Basic”. In order to find Iridium (IRD), you will need to insert the shortname of the coin (IRD) into the search-box, which is highlighted in the picture. Make sure you have selected the proper pairing, we have highlighted this too. Click on “IRD/BTC” to go on.
Step 4 – Purchase Iridium (IRD) After you have found Iridium (IRD), you will be presented with a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the image). Next we are creating our Limit Order. The field with the “Price” tag will be automatically filled with the up-to-date price Iridium (IRD) was traded for. This can be changed to your desired rate. The field with the “Amount” tag is the volumen of IRD you wish to buy. The ”Total” field is the aggregated price in BTC that you'll pay for the complete volumen of IRD. When you are satisfied, click on “Buy IRD”. Your plan will be filled when a Seller sells their IRD for the price you gave.
Step 5 – Withdraw (IRD) Iridium Unless you're regularly trading, best advise is not to keep your crypto on an Cryptocurrency Exchange for an extensive time frame. In order to take off your (IRD) Iridium, go to the ”Funds” tab and click on “Withdraw”. (IRD) Iridium can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find (IRD) Iridium by using the given drop-down box. Enter the volumen of (IRD) Iridium you'd like to take off. Don't forget the demonstrated fees/minimums. Also make sure you have filled your precise withdraw address. When you're satisfied, click on “Submit”. You may be asked for verfication via phone/email before a take off.