A Step-by-Step-Guide on how to buy MoneyByte (MON)
Step 1 – Signup to Kraken You will first need to purchase units of the major coins. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Click below for registration and getting Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Cryptocurrency Exchange Your Bitcoin or Ethereum will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. MoneyByte (MON) is obtainable on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow these easy steps) Make sure you have chosen the precise coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etcetera. In the case you're using a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our how-to).
Step 3 – Locate MoneyByte (MON) As soon as your deposit has been verified, you will directly have access to your funds and you can begin purchasing and trading. To purchase MoneyByte (MON) on Binance, you will want to go to the tab which is called “Exchange” and after that mouse click on “Basic”. In order to locate MoneyByte (MON), you will need to put the short name of the asset (MON) into the search-box, which is highlighted in the image. Make sure you have choosen the right pairing, we have highlighted this also. Click on “MON/BTC” to advance.
Step 4 – Buying MoneyByte (MON) As soon as you've located MoneyByte (MON), you'll be presented with a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). And now we're going to make our Limit Order. The ”Price” field will be automatically filled with the most up-to-date tariff MoneyByte (MON) was sold for. You can change this to your desired rate. The field with the “Amount” tag is the volumen of MON you like to buy. The ”Total” field is the whole price in BTC that you'll pay for the whole volumen of MON. If you are happy, click on “Buy MON”. Your order will be filled as soon as a Seller trades their MON for the price you gave.
Step 5 – Withdraw MoneyByte (MON) Unless you are regularly trading, never keep your crypto coins on an Exchange for an extended time frame. To withdraw your MoneyByte (MON), go to the tab called “Funds” and click on “Withdraw”. MoneyByte (MON) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find MoneyByte (MON) by using the given drop-down box. Drop in the volumen of MoneyByte (MON) you'd like to withdraw. Take into account the presented minimus/fees. Also make sure you have entered your correct withdraw address. When you are satisfied, click on “Submit”. You may be requested for verfication via email/phone ahead of a withdrawal.