A Step-by-Step-Guide on how to buy Red (RED)
Step 1 – Signup to Coinbase and recieve 10$ for free You will first need to buy one of the top-tier coins. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Follow the Link below to register and getting your welcome 10$.
Step 2 – Transmit Your ETH (Ethereum) or BTC (Bitcoin) to an Exchange Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Exchange now. Every exchange has a deposit form that is alike. Red (RED) is available on Binance, so we're going to use that as an sample. Unsure on how to send Coinbase funds to an Exchange? (Just follow this guide) Make sure you have chosen the exact coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. If you are using a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our how-to).
Step 3 – Locate (RED) Red As soon as your deposit has been affirmed, you will instantly have access to your assets and you can initiate buying and trading. To purchase (RED) Red on Binance, you will want to hover over the ”Exchange” tab and after that mouse click on “Basic”. In order to spot (RED) Red, you will need to put the shortname of the coin (RED) into the search-box, which is highlighted in the picture. Make sure you have selected the right pairing, we've highlighted this also. Click on “RED/BTC” to proceed.
Step 4 – Purchasing (RED) Red After you've found (RED) Red, you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). For now we're making our own Limit Order. The field with the “Price” tag will be filled automatically with the up-to-date rate (RED) Red was traded for. This can be changed to your favoured rate. The field with the “Amount” tag is the volumen of RED you want to purchase. The ”Total” field is the whole price in Bitcoin that you will settle for the whole volumen of RED. When you're satisfied, make a mouse click on “Buy RED”. Your plan will be filled when a Vendor trades their RED for the price you submitted.
Step 5 – Withdraw (RED) Red Unless you're regularly trading, never keep your crypto coins on an Exchange for an longer time period. In order to take off your (RED) Red, go to the ”Funds” tab and mouse click on “Withdraw”. (RED) Red can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find (RED) Red by using the given drop-down box. Put into the quantity of (RED) Red you would like to take off. Don't forget the shown fees/minimums. Also make sure you have filled your right withdraw address. If you're happy, make a mouse click on “Submit”. You may be requested for phone/email verification ahead of a take off.