A Step-by-Step-Guide on how to buy Mydexpay (XMD)
Step 1 – Signup to Kraken You will first need to buy one of the major coins. Exchanges usually accept either Ethereum or Bitcoin in exchange for alternative Coins. Click below for registration and getting Funds.
Step 2 – Send Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Exchange Your Bitcoin or Ethereum has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is identical. Mydexpay (XMD) is available on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Exchange? (Just follow this guide) Make sure you've selected the correct coin you want to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so forth. In the case you are working with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow these easy steps).
Step 3 – Locate Mydexpay (XMD) Once your deposit has been confirmed, you'll immediately have access to your funds and you can initiate invest and trading. To invest in Mydexpay (XMD) on Binance, you'll want to go to the ”Exchange” tab and then mouse click on “Basic”. In order to locate Mydexpay (XMD), you will need to insert the short name of the asset (XMD) into the search-box, which is highlighted in the picture. Be certain of having choosen the proper pairing, we've highlighted this also. Click on “XMD/BTC” to go on.
Step 4 – Purchase Mydexpay (XMD) As soon as you have discovered Mydexpay (XMD), you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). And now we are going to create our own Limit Order. The ”Price” field will be filled automatically with the most recent price Mydexpay (XMD) was sold for. You can change this to your preferred rate. The field with the “Amount” tag is the amount of XMD you want to purchase. The field with the “Total” tag is the total price in Bitcoin that you'll settle for the whole volumen of XMD. When you're satisfied, click on “Buy XMD”. Your order will be filled when a Vendor sells their XMD for the price you introduced.
Step 5 – Withdraw Mydexpay (XMD) Unless you're regularly trading, you should never keepyour crypto on an Crypto Exchange for an extended time period. To take off your Mydexpay (XMD), hover over the tab called “Funds” and mouse click on “Withdraw”. Mydexpay (XMD) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Mydexpay (XMD) by using the provided drop-down box. Drop in the quantity of Mydexpay (XMD) you'd like to take off. Don't forget the displayed fees/minimums. Also make sure you have entered your precise withdraw address. If you're glad, make a mouse click on “Submit”. You may be asked for verfication via phone/email ahead of a withdrawal.