A Step-by-Step-Guide on how to buy MindCoin (MND)
Step 1 – Signup to Kraken In the beginning you'll need to purchase units of the bigger currencies. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click the button below for registration and receive Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) to an Exchange Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Exchange now. Every exchange has a deposit form that is alike. MindCoin (MND) is accessible on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Exchange? (Just follow this guide) Make sure you have chosen the exact coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, et cetera. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our guide).
Step 3 – Locate MindCoin (MND) As soon as your deposit has been affirmed, you will immediately have access to your assets and you can initiate purchasing and trading. To buy MindCoin (MND) on Binance, you will want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”. In order to discover MindCoin (MND), you will need to put the shortname of the coin (MND) into the search box, which is marked in the picture. Be certain of having choosen the correct pairing, we've marked this too. Click on “MND/BTC” to continue.
Step 4 – Acquisition of MindCoin (MND) Once you've discovered MindCoin (MND), you will be presented with a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). And now we're making our Limit Order. The field with the “Price” tag will be filled automatically with the up-to-date rate MindCoin (MND) was sold for. You can change this to your preferred rate. The ”Amount” field is the amount of MND you like to purchase. The field with the “Total” tag is the aggregated price in BTC that you'll settle for the complete amount of MND. When you're satisfied, click on “Buy MND”. Your order will be filled as soon as a Vendor sells their MND for the price you gave.
Step 5 – Withdraw MindCoin (MND) Unless you're regularly trading, never keep your coins on an Crypto Exchange for an extensive time period. To take off your MindCoin (MND), hover over the ”Funds” tab and click on “Withdraw”. MindCoin (MND) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find MindCoin (MND) by using the given drop-down box. Drop in the amount of MindCoin (MND) you'd like to take off. Take into account the shown fees/minimums. Also make sure you have filled your right withdraw address. If you're satisfied, click on “Submit”. You could be asked for verfication via phone/email ahead of a withdrawal.