A Step-by-Step-Guide on how to buy Rubycoin (RBY)
Step 1 – Signup to Kraken You will first need to buy one of the top-tier coins. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Follow the Link below for registration and getting Ethereum or Bitcoin.
Step 2 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Exchange now. All exchanges have a deposit form that is similar. Rubycoin (RBY) is obtainable on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this how-to) Make sure you have chosen the right coin you would like to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etcetera. If you're working with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our how-to).
Step 3 – Locate Rubycoin (RBY) Once your deposit has been approved, you will now have access to your funds and you can start purchasing and trading. To invest in Rubycoin (RBY) on Binance, you'll want to hover over the tab which is called “Exchange” and then mouse click on “Basic”. To spot Rubycoin (RBY), you will need to put the cointype (RBY) into the search-box, which is marked in the graphic. Be certain of having choosen the proper grouping, we have highlighted this too. Click on “RBY/BTC” to go ahead.
Step 4 – Purchase Rubycoin (RBY) Once you've discovered Rubycoin (RBY), you will be given a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the image). And now we are making our own Limit Order. The field with the “Price” tag will be automatically filled with the most latest rate Rubycoin (RBY) was sold for. You can change this to your preferred price. The field with the “Amount” tag is the amount of RBY you wish to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you will settle for the whole amount of RBY. When you're glad, click on “Buy RBY”. Your plan will be filled when a Seller sells their RBY for the price you gave.
Step 5 – Withdraw Rubycoin (RBY) Unless you're regularly trading, you should never keepyour crypto on an Crypto Exchange for an longer time period. To withdraw your Rubycoin (RBY), go to the ”Funds” tab and click on “Withdraw”. Rubycoin (RBY) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Rubycoin (RBY) by using the provided drop-down box. Put into the volumen of Rubycoin (RBY) you would wish to withdraw. Take into account the displayed fees/minimums. Also make sure you have entered your right withdraw address. When you're happy, make a mouse click on “Submit”. You could be requested for phone/email verification ahead of a withdrawal.