A Step-by-Step-Guide on how to buy ()
Step 1 – Signup to CEX.io You will first need to purchase one of the bigger currencies. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Click the button below to register and receive BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transfer Your Funds to an Crypto Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. () is accessible on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Just follow this manual) Make sure you've selected the correct coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so on. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our guide).
Step 3 – Find () As soon as your deposit has been verified, you will instantly have access to your assets and you can begin invest and trading. To buy () on Binance, you will want to go to the ”Exchange” tab and after that mouse click on “Basic”. To locate (), you will need to insert the cointype () into the search-box, which is highlighted in the graphic. Make sure you have selected the right pairing, we've highlighted this too. Click on “/BTC” to proceed.
Step 4 – Acquisition of () Once you have discovered (), you'll be given a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). And now we're making our own Limit Order. The field with the “Price” tag will be filled automatically with the most up-to-date rate () was sold for. You can change this to your desired price. The field with the “Amount” tag is the amount of you like to buy. The ”Total” field is the whole price in BTC that you'll settle for the whole amount of . If you are glad, click on “Buy “. Your order will be filled as soon as a Vender trades their for the price you offered.
Step 5 – Withdraw () Unless you're trading, best advise is not to keep crypto on an Exchange for an longer period of time. To take off your (), hover over the tab called “Funds” and click on “Withdraw”. () can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find () by using the given drop-down box. Enter the quantity of () you'd wish to take off. Don't forget the shown minimus/fees. Also make sure you have entered your precise withdraw address. When you're happy, make a mouse click on “Submit”. You could be asked for verfication via phone/email before a take off.