A Step-by-Step-Guide on how to buy MoneyByte (MON)
Step 1 – Signup to CEX.io In the beginning you'll need to purchase units of the bigger currencies. Exchanges normally 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 Bitcoin or Ethereum to an Cryptocurrency Exchange Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. MoneyByte (MON) is available on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow these easy steps) Make sure you've chosen the precise coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our guide).
Step 3 – Locate (MON) MoneyByte As soon as your deposit has been verified, you'll instantly have access to your funds and you can launch buying and trading. To invest in (MON) MoneyByte on Binance, you'll want to go to the ”Exchange” tab and click on “Basic”. To find (MON) MoneyByte, you'll need to insert the cointype (MON) into the search box, which is marked in the graphic. Make sure you have choosen the right grouping, we've marked this too. Click on “MON/BTC” to progress.
Step 4 – Buying MoneyByte (MON) After you have spotted MoneyByte (MON), you will be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). For now we're going to create our own Limit Order. The ”Price” field will be filled with the recent valuation MoneyByte (MON) was traded for. You can change this to your preferred rate. The ”Amount” field is the volumen of MON you like to purchase. The field with the “Total” tag is the whole price in Bitcoin that you will pay for the complete volumen of MON. If you're happy, click on “Buy MON”. Your plan will be filled when a Vender trades their MON for the price you offered.
Step 5 – Withdraw MoneyByte (MON) Unless you're regularly trading, best advise is not to keep your crypto on an Exchange for an extended period of time. To withdraw your MoneyByte (MON), hover over the ”Funds” tab and mouse click on “Withdraw”. MoneyByte (MON) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate MoneyByte (MON) by using the given drop-down box. Drop in the quantity of MoneyByte (MON) you'd like to withdraw. Take into account the presented minimus/fees. Also make sure you have filled your correct withdraw address. If you're glad, click on “Submit”. You could be requested for email/phone verification ahead of a withdrawal.