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 Ethereum (ETH) or Bitcoin (BTC) to an Crypto Exchange Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is identical. Kyber Network (KNC) is available on Binance, so we're going to use that as an illustration. Unsure on how to send Coinbase funds to an Exchange? (Follow this manual) Make sure you've selected the right coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etcetera. If you are working with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our guide).
Step 3 – Find Kyber Network (KNC) As soon as your deposit has been verified, you'll now have access to your funds and you can initiate purchasing and trading. To invest in Kyber Network (KNC) on Binance, you will want to go to the ”Exchange” tab and after that click on “Basic”. To spot Kyber Network (KNC), you'll need to put the short name of the asset (KNC) into the search box, which is highlighted in the image. Be certain of having choosen the right grouping, we've marked this also. Click on “KNC/BTC” to proceed.
Step 4 – Buying Kyber Network (KNC) As soon as you've located Kyber Network (KNC), you'll be given a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the image). For now we're going to create our own Limit Order. The ”Price” field will be filled automatically with the most latest price Kyber Network (KNC) was traded for. You can change this to your preferred price. The ”Amount” field is the volumen of KNC you like to buy. The field with the “Total” tag is the total price in Bitcoin that you will pay for the complete volumen of KNC. When you are glad, make a mouse click on “Buy KNC”. Your order will be filled as soon as a Vender sells their KNC for the price you submitted.
Step 5 – Withdraw Kyber Network (KNC) Unless you're frequently trading, best advise is not to keep crypto on an Crypto Trader for an longer time period. To withdraw your Kyber Network (KNC), hover over the tab called “Funds” and click on “Withdraw”. Kyber Network (KNC) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Kyber Network (KNC) by using the given drop-down box. Drop in the amount of Kyber Network (KNC) you would wish to take off. Take into account the shown minimus/fees. Also make sure you have entered your correct withdraw address. If you're happy, make a mouse click on “Submit”. You may be requested for verfication via email/phone before a take off.