A Step-by-Step-Guide on how to buy MyToken (MT)
Step 1 – Signup to Kraken In the beginning you'll need to purchase units of the bigger coins. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Follow the Link below to register and getting BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Trader Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Exchange now. Every exchange has a deposit form that is similar. MyToken (MT) is obtainable on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow this manual) Make sure you've selected the correct coin you wish to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, et cetera. If you are working with a decentralized exchange, like Airswap or DDEX could be opposed (Follow our guide).
Step 3 – Locate MyToken (MT) As soon as your deposit has been confirmed, you'll immediately have access to your finances and you can commence purchasing and trading. To purchase MyToken (MT) on Binance, you'll want to go to the tab which is called “Exchange” and after that mouse click on “Basic”. To discover MyToken (MT), you'll need to insert the shortname of the coin (MT) into the search-box, which is marked in the picture. Be certain of having selected the correct pairing, we have marked this too. Click on “MT/BTC” to proceed.
Step 4 – Acquisition of MyToken (MT) Once you've spotted MyToken (MT), you will be given a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). For now we are going to make our own Limit Order. The field with the “Price” tag will be automatically filled with the most up-to-date price MyToken (MT) was traded for. You can change this to your desired rate. The field with the “Amount” tag is the amount of MT you wish to purchase. The field with the “Total” tag is the whole price in BTC that you'll settle for the complete amount of MT. When you're happy, click on “Buy MT”. Your order will be filled when a Vender sells their MT for the price you offered.
Step 5 – Withdraw MyToken (MT) Unless you are regularly trading, best advise is not to keep coins on an Crypto Exchange for an extended time frame. To withdraw your MyToken (MT), hover over the tab called “Funds” and mouse click on “Withdraw”. MyToken (MT) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate MyToken (MT) by using the given drop-down box. Enter the quantity of MyToken (MT) you'd like to withdraw. Take into account the presented minimus/fees. Also make sure you have filled your right withdraw address. When you're satisfied, click “Submit”. You could be asked for verfication via email/phone before a take off.