A Step-by-Step-Guide on how to buy MEDIBIT (MEDIBIT)
Step 1 – Join Kraken In the beginning you'll need to buy one of the bigger currencies. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click below to register and receive Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transfer Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Exchange Your Ethereum or Bitcoin will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is identical. MEDIBIT (MEDIBIT) is obtainable on Binance, so we're going to use that as an sample. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Follow this how-to) Make sure you have selected the correct coin you would like to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etcetera. In the case you are using a decentralized exchange, such as Airswap or DDEX could be different (Follow our guide).
Step 3 – Locate MEDIBIT (MEDIBIT) As soon as your deposit has been affirmed, you'll instantly have access to your funds and you can begin buying and trading. To invest in MEDIBIT (MEDIBIT) on Binance, you'll want to go to the ”Exchange” tab and click on “Basic”. In order to discover MEDIBIT (MEDIBIT), you'll need to put the cointype (MEDIBIT) into the search-box, which is marked in the image. Be certain of having selected the correct grouping, we've marked this too. Click on “MEDIBIT/BTC” to progress.
Step 4 – Buying MEDIBIT (MEDIBIT) After you've found MEDIBIT (MEDIBIT), you'll be given a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). Next we are making our own Limit Order. The ”Price” field will be automatically filled with the most recent rate MEDIBIT (MEDIBIT) was traded for. You can change this to your preferred price. The ”Amount” field is the volumen of MEDIBIT you like to buy. The field with the “Total” tag is the aggregated price in BTC that you'll pay for the whole volumen of MEDIBIT. When you are satisfied, make a mouse click on “Buy MEDIBIT”. Your order will be filled as soon as a Seller trades their MEDIBIT for the price you gave.
Step 5 – Withdraw MEDIBIT (MEDIBIT) Unless you're regularly trading, never keep your crypto on an Cryptocurrency Exchange for an longer period of time. To withdraw your MEDIBIT (MEDIBIT), hover over the ”Funds” tab and click on “Withdraw”. MEDIBIT (MEDIBIT) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find MEDIBIT (MEDIBIT) by using the given drop-down box. Enter the volumen of MEDIBIT (MEDIBIT) you'd wish to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have filled your correct withdraw address. When you're happy, click “Submit”. You could be asked for verfication via email/phone ahead of a withdrawal.