A Step-by-Step-Guide on how to buy Mithril (MITH)
Step 1 – Join Kraken You will first need to purchase units of the bigger currencies. Exchanges commonly accept either Bitcoin or Ethereum in exchange for Altcoins. Follow the Link below to register and to get Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transfer Your ETH (Ethereum) or BTC (Bitcoin) to an Exchange Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is identical. Mithril (MITH) is obtainable on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Just follow this guide) Make sure you've selected the exact coin you wish to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, and so on. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our how-to).
Step 3 – Find Mithril (MITH) As soon as your deposit has been affirmed, you will directly have access to your assets and you can start buying and trading. To buy Mithril (MITH) on Binance, you will want to go to the tab which is called “Exchange” and after that mouse click on “Basic”. In order to spot Mithril (MITH), you will need to put the cointype (MITH) into the search-box, which is highlighted in the picture. Make sure you have choosen the proper grouping, we've marked this too. Click on “MITH/BTC” to proceed.
Step 4 – Purchase Mithril (MITH) After you have discovered Mithril (MITH), you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the image). For now we are making our own Limit Order. The ”Price” field will be filled automatically with the most up-to-date tariff Mithril (MITH) was traded for. You can change this to your preferred price. The field with the “Amount” tag is the volumen of MITH you want to buy. The ”Total” field is the whole price in Bitcoin that you will pay for the whole quantity of MITH. If you're satisfied, make a mouse click on “Buy MITH”. Your plan will be filled when a Vendor trades their MITH for the price you offered.
Step 5 – Withdraw Mithril (MITH) Unless you're frequently trading, never keep your coins on an Exchange for an extended time frame. To take off your Mithril (MITH), hover over the tab called “Funds” and click on “Withdraw”. Mithril (MITH) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Mithril (MITH) by using the given drop-down box. Drop in the amount of Mithril (MITH) you would like to take off. Take into account the shown fees/minimums. Also make sure you have entered your precise withdraw address. When you're satisfied, click “Submit”. You could be asked for verfication via email/phone ahead of a withdrawal.
Congratulations! You've successfully bought and safed Mithril (MITH).That's it! Take offs from Exchange can take anywhere from 1 – 30 minutes (depending on network usage). As soon as you've confirmed your withdrawal with Etherscan.io or Ethplorer.io and the (MITH) Mithril is stored inside your wallet, you are all done.
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