A Step-by-Step-Guide on how to buy MimbleWimbleCoin (MWC)
Step 1 – Signup to Kraken You'll first need to purchase one of the bigger coins. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Follow the Link below to register and getting Bitcoin or Ethereum.
Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an 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 alike. MimbleWimbleCoin (MWC) is accessible on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Exchange? (Follow these easy steps) Make sure you have selected the precise coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so forth. If you're working with a decentralized exchange, like Airswap or DDEX could be opposed (Follow our guide).
Step 3 – Locate MimbleWimbleCoin (MWC) Once your deposit has been affirmed, you will directly have access to your assets and you can initiate purchasing and trading. To invest in MimbleWimbleCoin (MWC) on Binance, you will want to go to the ”Exchange” tab and after that mouse click on “Basic”. To spot MimbleWimbleCoin (MWC), you will need to insert the short name of the asset (MWC) into the search-box, which is highlighted in the image. Be certain of having choosen the right pairing, we have highlighted this too. Click on “MWC/BTC” to proceed.
Step 4 – Buying MimbleWimbleCoin (MWC) After you have discovered MimbleWimbleCoin (MWC), you will be given a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). Next we're going to make our Limit Order. The field with the “Price” tag will be automatically filled with the latest price MimbleWimbleCoin (MWC) was traded for. This can be changed to your preferred price. The field with the “Amount” tag is the quantity of MWC you like to buy. The field with the “Total” tag is the whole price in BTC that you'll pay for the complete quantity of MWC. When you're glad, click on “Buy MWC”. Your plan will be filled as soon as a Vender sells their MWC for the price you submitted.
Step 5 – Withdraw MimbleWimbleCoin (MWC) Unless you are regularly trading, best advise is not to keep crypto on an Cryptocurrency Exchange for an extended time frame. In order to withdraw your MimbleWimbleCoin (MWC), go to the ”Funds” tab and mouse click on “Withdraw”. MimbleWimbleCoin (MWC) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find MimbleWimbleCoin (MWC) by using the given drop-down box. Put into the volumen of MimbleWimbleCoin (MWC) you would wish to withdraw. Take into account the displayed minimus/fees. Also make sure you have entered your right withdraw address. If you are satisfied, click “Submit”. You could be asked for phone/email verification ahead of a take off.