A Step-by-Step-Guide on how to buy ()
Step 1 – Join Kraken You will first need to purchase one of the bigger coins. Exchanges normally accept either Bitcoin or Ethereum in exchange for Altcoins. Click the button below for registration and receive Bitcoin or Ethereum.
Step 2 – Send Your Bitcoin or Ethereum to an Crypto Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Exchange now. All exchanges have a deposit form that is similar. () is obtainable on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Crypto Exchange? (Just follow these easy steps) Make sure you've selected the exact coin you want to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etcetera. If you're working with a decentralized exchange, like Airswap or DDEX could be different (Follow these easy steps).
Step 3 – Find () As soon as your deposit has been affirmed, you'll now have access to your funds and you can commence invest and trading. To buy () on Binance, you will want to hover over the ”Exchange” tab and after that mouse click on “Basic”. To discover (), you will need to put the short name of the asset () into the search-box, which is marked in the image. Be certain of having selected the right grouping, we have marked this also. Click on “/BTC” to proceed.
Step 4 – Buying () Once you've found (), you will be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). For now we are creating our own Limit Order. The ”Price” field will be automatically filled with the most recent tariff () was sold for. You can change this to your desired price. The field with the “Amount” tag is the amount of you want to purchase. The ”Total” field is the total price in BTC that you'll pay for the whole quantity of . If you are happy, make a mouse click on “Buy ”. Your order will be filled when a Seller sells their for the price you offered.
Step 5 – Withdraw () Unless you're frequently trading, you should never keepyour crypto on an Crypto Exchange for an extended period of time. To take off your (), go to the tab called “Funds” and mouse click on “Withdraw”. () can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate () by using the provided drop-down box. Enter the volumen of () you would like to take off. Don't forget the shown minimus/fees. Also make sure you have filled your precise withdraw address. If you're satisfied, make a mouse click on “Submit”. You may be asked for verfication via phone/email ahead of a take off.