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 Funds to an Cryptocurrency Exchange Your Ethereum or Bitcoin has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. Kyber Network (KNC) is accessible on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Exchange? (Follow this manual) Make sure you've chosen the right coin you wish to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, et cetera. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be different (Follow our manual).
Step 3 – Locate Kyber Network (KNC) As soon as your deposit has been approved, you will immediately have access to your funds and you can start buying and trading. To invest in Kyber Network (KNC) on Binance, you'll want to hover over the ”Exchange” tab and then mouse click on “Basic”. To locate Kyber Network (KNC), you'll need to insert the cointype (KNC) into the search box, which is highlighted in the graphic. Be certain of having selected the correct pairing, we have highlighted this too. Click on “KNC/BTC” to advance.
Step 4 – Buy Kyber Network (KNC) Once you have located Kyber Network (KNC), you'll be presented with a Price Chart (in the Center of the image) and a few Order Books (Leftside of the image). Next we're going to make our own Limit Order. The ”Price” field will be filled automatically with the most latest price Kyber Network (KNC) was traded for. This can be changed to your preferred rate. The ”Amount” field is the volumen of KNC you want to buy. The field with the “Total” tag is the total price in Bitcoin that you will pay for the complete volumen of KNC. If you are glad, click on “Buy KNC”. Your plan will be filled when a Vender trades their KNC for the price you offered.
Step 5 – Withdraw Kyber Network (KNC) Unless you're regularly trading, you should never keepyour crypto on an Exchange for an extensive time period. To take off your Kyber Network (KNC), go to the ”Funds” tab 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 provided drop-down box. Drop in the volumen of Kyber Network (KNC) you'd wish to take off. Don't forget the displayed fees/minimums. Also make sure you have entered your correct withdraw address. When you are satisfied, click on “Submit”. You could be asked for verfication via phone/email ahead of a take off.