A Step-by-Step-Guide on how to buy Kyber Network (KNC)
Step 1 – Signup to CEX.io You will first need to buy units of the major coins. 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 – Send Your Funds to an Exchange Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Exchange now. Every exchange has a deposit form that is alike. Kyber Network (KNC) is available on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Exchange? (Just follow this guide) Make sure you've chosen the exact coin you wish to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so forth. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our manual).
Step 3 – Find (KNC) Kyber Network As soon as your deposit has been confirmed, you will instantly have access to your funds and you can initiate purchasing and trading. To purchase (KNC) Kyber Network on Binance, you will want to go to the tab which is called “Exchange” and after that click on “Basic”. To find (KNC) Kyber Network, you will need to insert the short name of the asset (KNC) into the search-box, which is highlighted in the graphic. Make sure you have choosen the right pairing, we've highlighted this too. Click on “KNC/BTC” to proceed.
Step 4 – Purchasing Kyber Network (KNC) Once you have discovered Kyber Network (KNC), you will be presented with a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). And now we're going to create our Limit Order. The field with the “Price” tag will be filled automatically with the most recent price Kyber Network (KNC) was sold for. This can be changed to your preferred price. The ”Amount” field is the amount of KNC you wish to purchase. The ”Total” field is the aggregated price in BTC that you will settle for the whole amount of KNC. When you are satisfied, make a mouse click on “Buy KNC”. Your plan will be filled when a Vender trades their KNC for the price you introduced.
Step 5 – Withdraw (KNC) Kyber Network Unless you are frequently trading, never keep your crypto on an Cryptocurrency Exchange for an extended time frame. To take off your (KNC) Kyber Network, hover over the ”Funds” tab and mouse click on “Withdraw”. (KNC) Kyber Network can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate (KNC) Kyber Network by using the given drop-down box. Drop in the quantity of (KNC) Kyber Network you'd like to take off. Take into account the demonstrated minimus/fees. Also make sure you have entered your precise withdraw address. When you are happy, click on “Submit”. You could be asked for phone/email verification ahead of a take off.