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 – Transmit Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Exchange Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. Mithril (MITH) is available on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow this how-to) Make sure you have selected the right coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, et cetera. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow these easy steps).
Step 3 – Find Mithril (MITH) As soon as your deposit has been verified, you'll now have access to your finances and you can initiate buying and trading. To purchase Mithril (MITH) on Binance, you will want to hover over the ”Exchange” tab and then mouse click on “Basic”. In order to find Mithril (MITH), you'll need to put the short name of the asset (MITH) into the search box, which is marked in the picture. Make sure you have choosen the correct grouping, we've highlighted this also. Click on “MITH/BTC” to proceed.
Step 4 – Purchasing Mithril (MITH) As soon as you've located Mithril (MITH), you will be presented with a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). For now we are going to create our own Limit Order. The ”Price” field will be filled automatically with the most recent price Mithril (MITH) was traded for. This can be changed to your preferred price. The field with the “Amount” tag is the quantity of MITH you like to buy. The ”Total” field is the aggregated price in Bitcoin that you will pay for the whole quantity of MITH. If you're glad, click on “Buy MITH”. Your plan will be filled as soon as a Seller sells their MITH for the price you submitted.
Step 5 – Withdraw Mithril (MITH) Unless you are regularly trading, best advise is not to keep crypto coins on an Cryptocurrency Exchange for an extended time frame. In order to withdraw your Mithril (MITH), go to the ”Funds” tab and click on “Withdraw”. Mithril (MITH) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Mithril (MITH) by using the given drop-down box. Drop in the volumen of Mithril (MITH) you would wish to take off. Don't forget the demonstrated fees/minimums. Also make sure you have filled your correct withdraw address. If you are happy, click on “Submit”. You could be asked for phone/email verification before a withdrawal.