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 BTC (Bitcoin) or ETH (Ethereum) to an Crypto Trader Your Ethereum or Bitcoin has to be sent over to an Exchange now. Every exchange has a deposit form that is alike. MonaCoin (MONA) is obtainable on Binance, so we're going to use that as an sample. Unsure on how to send Coinbase funds to an Crypto Trader? (Follow this how-to) Make sure you have selected the exact coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etc. If you are dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our manual).
Step 3 – Find MonaCoin (MONA) As soon as your deposit has been affirmed, you'll instantly have access to your finances and you can commence 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”. To find MonaCoin (MONA), you will need to insert the shortname of the coin (MONA) into the search-box, which is marked in the image. Make sure you have selected the correct pairing, we have highlighted this too. Click on “MONA/BTC” to go on.
Step 4 – Acquisition of MonaCoin (MONA) As soon as you've located MonaCoin (MONA), you will be given a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the image). For now we're going to create our own Limit Order. The field with the “Price” tag will be filled automatically with the most recent tariff MonaCoin (MONA) was sold for. You can change this to your preferred rate. The field with the “Amount” tag is the quantity of MONA you wish to buy. The ”Total” field is the total price in BTC that you'll settle for the complete amount of MONA. If you're satisfied, click on “Buy MONA”. Your plan will be filled when a Seller sells their MONA for the price you submitted.
Step 5 – Withdraw MonaCoin (MONA) Unless you are frequently trading, best advise is not to keep your crypto on an Crypto Trader for an extended time frame. In order to take off your MonaCoin (MONA), hover over the ”Funds” tab and mouse click on “Withdraw”. MonaCoin (MONA) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find MonaCoin (MONA) by using the given drop-down box. Drop in the quantity of MonaCoin (MONA) you would like to withdraw. Don't forget the displayed minimus/fees. Also make sure you have entered your right withdraw address. When you're satisfied, click “Submit”. You could be asked for verfication via email/phone ahead of a take off.