A Step-by-Step-Guide on how to buy Red (RED)
Step 1 – Join Kraken You will first need to buy units of the bigger currencies. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Follow the Link below for registration and receive BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Exchange Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Exchange now. Every exchange has a deposit form that is identical. Red (RED) is available on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Exchange? (Just follow these easy steps) Make sure you've chosen the correct coin you wish to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so on. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our guide).
Step 3 – Find Red (RED) As soon as your deposit has been verified, you will instantly have access to your assets and you can initiate purchasing and trading. To invest in Red (RED) on Binance, you will want to hover over the tab which is called “Exchange” and after that click on “Basic”. To discover Red (RED), you will need to insert the short name of the asset (RED) into the search-box, which is highlighted in the graphic. Make sure you have selected the proper pairing, we've highlighted this too. Click on “RED/BTC” to go on.
Step 4 – Purchase Red (RED) As soon as you've discovered Red (RED), you will be presented with a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). Next we are going to create our own Limit Order. The ”Price” field will be automatically filled with the most latest rate Red (RED) was sold for. This can be changed to your favoured rate. The ”Amount” field is the quantity of RED you want to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you will settle for the whole quantity of RED. When you are glad, make a mouse click on “Buy RED”. Your plan will be filled as soon as a Vendor trades their RED for the price you submitted.
Step 5 – Withdraw Red (RED) Unless you are regularly trading, never keep your coins on an Crypto Exchange for an extensive period of time. To take off your Red (RED), go to the ”Funds” tab and click on “Withdraw”. Red (RED) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Red (RED) by using the given drop-down box. Enter the volumen of Red (RED) you'd like to take off. Don't forget the displayed fees/minimums. Also make sure you have filled your precise withdraw address. When you are glad, click “Submit”. You may be requested for verfication via email/phone before a take off.