A Step-by-Step-Guide on how to buy Kyber Network (KNC)
Step 1 – Join Kraken You will first need to purchase one of the bigger coins. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click below for registration and to get Funds.
Step 2 – Transmit Your Funds to an Cryptocurrency Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. Kyber Network (KNC) is available on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Just follow this how-to) Make sure you've chosen the correct coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etcetera. If you're working with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our how-to).
Step 3 – Locate Kyber Network (KNC) Once your deposit has been confirmed, you'll immediately have access to your finances and you can initiate buying and trading. To purchase Kyber Network (KNC) on Binance, you'll want to go to the tab which is called “Exchange” and after that click on “Basic”. To find Kyber Network (KNC), you will need to put the short name of the asset (KNC) into the search box, which is highlighted in the image. Make sure you have selected the right grouping, we've marked this also. Click on “KNC/BTC” to advance.
Step 4 – Purchasing Kyber Network (KNC) After you have found Kyber Network (KNC), you'll be presented with a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the picture). And now we are making our own Limit Order. The ”Price” field will be automatically filled with the most latest tariff Kyber Network (KNC) was sold for. This can be changed to your desired price. The ”Amount” field is the quantity of KNC you want to buy. The ”Total” field is the whole price in BTC that you will pay for the complete amount of KNC. If you are glad, click on “Buy KNC”. Your plan will be filled as soon as a Vender trades their KNC for the price you introduced.
Step 5 – Withdraw Kyber Network (KNC) Unless you are regularly trading, best advise is not to keep crypto on an Crypto Exchange for an extended time period. In order to take off your Kyber Network (KNC), go to the tab called “Funds” and click on “Withdraw”. Kyber Network (KNC) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Kyber Network (KNC) by using the provided drop-down box. Enter the amount of Kyber Network (KNC) you'd like to withdraw. Take into account the presented minimus/fees. Also make sure you have filled your precise withdraw address. If you're happy, click “Submit”. You could be requested for verfication via phone/email ahead of a take off.