A Step-by-Step-Guide on how to buy MonaCoin (MONA)
Step 1 – Join Kraken You will first need to buy units of the major currencies. Exchanges normally accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Click the button below to register and getting Funds.
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Trader Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Exchange now. Every exchange has a deposit form that is identical. MonaCoin (MONA) is obtainable on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this how-to) Make sure you have chosen the exact coin you wish to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etc. If you are dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our guide).
Step 3 – Locate MonaCoin (MONA) As soon as your deposit has been approved, you will immediately have access to your finances and you can start purchasing and trading. To invest in MonaCoin (MONA) on Binance, you'll want to hover over the tab which is called “Exchange” and then mouse click on “Basic”. In order to spot MonaCoin (MONA), you'll need to put the shortname of the coin (MONA) into the search box, which is highlighted in the picture. Make sure you have selected the correct grouping, we've marked this too. Click on “MONA/BTC” to continue.
Step 4 – Purchasing MonaCoin (MONA) Once you've found MonaCoin (MONA), you'll be given a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). For now we're creating our own Limit Order. The field with the “Price” tag will be filled with the most latest valuation MonaCoin (MONA) was traded for. You can change this to your preferred rate. The ”Amount” field is the quantity of MONA you wish to purchase. The field with the “Total” tag is the whole price in BTC that you'll pay for the complete quantity of MONA. If you're happy, click on “Buy MONA”. Your order will be filled when a Vendor sells their MONA for the price you offered.
Step 5 – Withdraw MonaCoin (MONA) Unless you're regularly trading, never keep your crypto on an Cryptocurrency Exchange for an extended time frame. To take off your MonaCoin (MONA), hover over the ”Funds” tab and click on “Withdraw”. MonaCoin (MONA) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find MonaCoin (MONA) by using the given drop-down box. Drop in the volumen of MonaCoin (MONA) you would wish to take off. Don't forget the presented minimus/fees. Also make sure you have entered your right withdraw address. If you are satisfied, click on “Submit”. You may be asked for verfication via phone/email before a take off.