A Step-by-Step-Guide on how to buy ()
Step 1 – Join CEX.io You'll first need to purchase one of the bigger coins. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Click below for registration and getting Ethereum or Bitcoin.
Step 2 – Transfer Your ETH (Ethereum) or BTC (Bitcoin) to an Exchange Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Exchange now. All exchanges have a deposit form that is identical. () is accessible on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Exchange? (Follow this how-to) Make sure you have chosen the correct coin you would like to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etc. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our guide).
Step 3 – Locate () As soon as your deposit has been confirmed, you'll directly have access to your assets and you can begin buying and trading. To invest in () on Binance, you'll want to go to the ”Exchange” tab and then click on “Basic”. To spot () , you'll need to put the short name of the asset () into the search-box, which is marked in the image. Make sure you have choosen the proper pairing, we have marked this too. Click on “/BTC” to advance.
Step 4 – Acquisition of () Once you've spotted () , you will be given a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). And now we're going to create our own Limit Order. The ”Price” field will be automatically filled with the most recent rate () was traded for. You can change this to your desired rate. The field with the “Amount” tag is the volumen of you wish to buy. The ”Total” field is the whole price in BTC that you will pay for the complete volumen of . If you're satisfied, click on “Buy “. Your plan will be filled as soon as a Vendor trades their for the price you submitted.
Step 5 – Withdraw () Unless you're frequently trading, best advise is not to keep coins on an Crypto Exchange for an extensive time period. To withdraw your (), go to the ”Funds” tab and click on “Withdraw”. () can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find () by using the provided drop-down box. Enter the amount of () you would like to withdraw. Take into account the demonstrated fees/minimums. Also make sure you have entered your correct withdraw address. If you're glad, make a mouse click on “Submit”. You may be asked for verfication via phone/email before a take off.