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 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Cryptocurrency Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Cryptocurrency 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 funds from Coinbase to an Cryptocurrency Exchange? (Follow these easy steps) Make sure you have chosen the correct coin you would like to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etc. In the case you are using a decentralized exchange, such as Airswap or DDEX could be divergent (Follow these easy steps).
Step 3 – Find Kyber Network (KNC) Once your deposit has been verified, you'll instantly have access to your funds and you can commence purchasing and trading. To buy Kyber Network (KNC) on Binance, you'll want to hover over the tab which is called “Exchange” and then click on “Basic”. To discover Kyber Network (KNC), you'll need to put the cointype (KNC) into the search box, which is marked in the picture. Make sure you have selected the proper pairing, we have marked this also. Click on “KNC/BTC” to advance.
Step 4 – Buy Kyber Network (KNC) As soon as you have found Kyber Network (KNC), you will be given a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). For now we're going to make our Limit Order. The field with the “Price” tag will be filled with the most latest valuation Kyber Network (KNC) was traded for. You can change this to your desired rate. The field with the “Amount” tag is the volumen of KNC you wish to purchase. The ”Total” field is the total price in Bitcoin that you'll settle for the complete volumen of KNC. If you are satisfied, make a mouse click on “Buy KNC”. Your order will be filled when a Seller sells their KNC for the price you offered.
Step 5 – Withdraw Kyber Network (KNC) Unless you are regularly trading, never keep your crypto on an Crypto Exchange for an extensive period of time. In order to take off your Kyber Network (KNC), hover over the ”Funds” tab and mouse click on “Withdraw”. Kyber Network (KNC) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Kyber Network (KNC) by using the provided drop-down box. Put into the volumen of Kyber Network (KNC) you'd like to take off. Don't forget the shown fees/minimums. Also make sure you have entered your correct withdraw address. When you are satisfied, click “Submit”. You could be asked for email/phone verification before a withdrawal.
Congrats! You have successfully bought and stored Kyber Network (KNC).That's it! Withdrawals from Exchange can take anywhere from 1 – 30 minutes (rely on usage of the network). As soon as you have proved your withdrawal with Ethplorer.io or Etherscan.io and the (KNC) Kyber Network is stored within your wallet, you are all done.
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