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 ETH (Ethereum) or BTC (Bitcoin) to an Cryptocurrency Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. MonaCoin (MONA) is accessible on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this how-to) Make sure you have selected the correct coin you want to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you're using a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our how-to).
Step 3 – Find MonaCoin (MONA) As soon as your deposit has been verified, you'll directly have access to your funds and you can start invest and trading. To purchase MonaCoin (MONA) on Binance, you'll want to go to the ”Exchange” tab and after that mouse click on “Basic”. To spot MonaCoin (MONA), you'll need to insert the shortname of the coin (MONA) into the search-box, which is marked in the graphic. Be certain of having choosen the right pairing, we have marked this too. Click on “MONA/BTC” to proceed.
Step 4 – Buying MonaCoin (MONA) As soon as you have found MonaCoin (MONA), you'll be presented with a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). Next we're going to create our own Limit Order. The ”Price” field will be filled with the latest price MonaCoin (MONA) was sold for. You can change this to your favoured rate. The ”Amount” field is the volumen of MONA you wish to buy. The field with the “Total” tag is the aggregated price in BTC that you will settle for the complete volumen of MONA. When you are happy, make a mouse click on “Buy MONA”. Your order will be filled as soon as a Vendor trades their MONA for the price you introduced.
Step 5 – Withdraw MonaCoin (MONA) Unless you are regularly trading, never keep your crypto coins on an Cryptocurrency Exchange for an longer time period. In order to withdraw your MonaCoin (MONA), go to the ”Funds” tab and click on “Withdraw”. MonaCoin (MONA) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate MonaCoin (MONA) by using the provided drop-down box. Enter the quantity of MonaCoin (MONA) you'd wish to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have entered your correct withdraw address. When you are happy, click “Submit”. You may be requested for phone/email verification before a withdrawal.