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 Ethereum (ETH) or Bitcoin (BTC) to an Crypto Exchange Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. Rubycoin (RBY) is available on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Just follow these easy steps) Make sure you have selected the right coin you would like to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etc. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our how-to).
Step 3 – Locate Rubycoin (RBY) Once your deposit has been verified, you'll immediately have access to your assets and you can initiate purchasing and trading. To invest in Rubycoin (RBY) on Binance, you'll want to go to the ”Exchange” tab and after that mouse click on “Basic”. In order to spot Rubycoin (RBY), you'll need to insert the shortname of the coin (RBY) into the search box, which is marked in the image. Make sure you have choosen the proper grouping, we have marked this also. Click on “RBY/BTC” to go ahead.
Step 4 – Acquisition of Rubycoin (RBY) Once you've discovered Rubycoin (RBY), you'll be given a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). For now we are going to create our Limit Order. The field with the “Price” tag will be automatically filled with the most latest price Rubycoin (RBY) was sold for. You can change this to your favoured price. The ”Amount” field is the volumen of RBY you like to buy. The field with the “Total” tag is the total price in Bitcoin that you'll pay for the complete volumen of RBY. When you are glad, make a mouse click on “Buy RBY”. Your plan will be filled as soon as a Vendor sells their RBY for the price you gave.
Step 5 – Withdraw Rubycoin (RBY) Unless you're regularly trading, best advise is not to keep coins on an Crypto Trader for an extensive period of time. In order to withdraw your Rubycoin (RBY), hover over the ”Funds” tab and mouse click on “Withdraw”. Rubycoin (RBY) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Rubycoin (RBY) by using the given drop-down box. Enter the quantity of Rubycoin (RBY) you would like to withdraw. Don't forget the shown minimus/fees. Also make sure you have entered your precise withdraw address. If you're glad, click “Submit”. You could be requested for verfication via email/phone before a take off.