A Step-by-Step-Guide on how to buy ()
Step 1 – Join CEX.io You will first need to purchase one of the major currencies. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Follow the Link below for registration and receive Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Exchange Your Bitcoin or Ethereum will need to be sent over to an Exchange now. Every exchange has a deposit form that is alike. () is available on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Exchange? (Follow this guide) Make sure you've chosen the exact coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so forth. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our how-to).
Step 3 – Locate () Once your deposit has been verified, you'll directly have access to your assets and you can start purchasing and trading. To purchase () on Binance, you'll want to go to the tab which is called “Exchange” and after that click on “Basic”. To spot () , you'll need to put the cointype () into the search box, which is highlighted in the picture. Be certain of having choosen the correct grouping, we've highlighted this also. Click on “/BTC” to progress.
Step 4 – Purchasing () As soon as you've found (), you'll be given a Price Chart (in the Center of the image) and a few Order Books (Leftside of the image). And now we're creating our Limit Order. The field with the “Price” tag will be filled with the most latest price () was sold for. This can be changed to your desired price. The ”Amount” field is the amount of you want to purchase. The field with the “Total” tag is the whole price in Bitcoin that you'll pay for the complete amount of . When you're satisfied, make a mouse click on “Buy “. Your order will be filled as soon as a Seller trades their for the price you offered.
Step 5 – Withdraw () Unless you are trading, never keep your coins on an Cryptocurrency Exchange for an longer period of time. To withdraw your (), hover over the ”Funds” tab and click on “Withdraw”. () can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find () by using the given drop-down box. Enter the quantity of () you'd wish to withdraw. Take into account the demonstrated fees/minimums. Also make sure you have entered your precise withdraw address. If you are happy, make a mouse click on “Submit”. You could be requested for verfication via email/phone before a withdrawal.