A Step-by-Step-Guide on how to buy SpankChain (SPANK)
Step 1 – Join Kraken In the beginning you'll need to purchase one of the major currencies. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click the button below to register and to get ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Trader Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. SpankChain (SPANK) is accessible on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this how-to) Make sure you've chosen the right coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, et cetera. If you're working with a decentralized exchange, like Airswap or DDEX could be different (Just follow our manual).
Step 3 – Find SpankChain (SPANK) As soon as your deposit has been approved, you will now have access to your finances and you can begin invest and trading. To invest in SpankChain (SPANK) on Binance, you'll want to go to the ”Exchange” tab and after that mouse click on “Basic”. In order to find SpankChain (SPANK), you'll need to insert the cointype (SPANK) into the search-box, which is marked in the picture. Make sure you have choosen the proper grouping, we've highlighted this also. Click on “SPANK/BTC” to proceed.
Step 4 – Purchase SpankChain (SPANK) Once you have spotted SpankChain (SPANK), you'll be presented with a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). And now we're going to create our own Limit Order. The ”Price” field will be filled with the most recent valuation SpankChain (SPANK) was traded for. You can change this to your desired rate. The field with the “Amount” tag is the quantity of SPANK you like to buy. The ”Total” field is the aggregated price in BTC that you'll settle for the complete volumen of SPANK. If you're glad, make a mouse click on “Buy SPANK”. Your plan will be filled as soon as a Seller sells their SPANK for the price you introduced.
Step 5 – Withdraw SpankChain (SPANK) Unless you are frequently trading, best advise is not to keep crypto coins on an Exchange for an extended time period. In order to withdraw your SpankChain (SPANK), hover over the tab called “Funds” and mouse click on “Withdraw”. SpankChain (SPANK) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate SpankChain (SPANK) by using the given drop-down box. Enter the volumen of SpankChain (SPANK) you would wish to take off. Don't forget the presented fees/minimums. Also make sure you have entered your correct withdraw address. If you're happy, click on “Submit”. You could be asked for verfication via email/phone ahead of a take off.
Kudos! You've successfully bought and stored SpankChain (SPANK).That's it! Withdrawals from Crypto Trader can take between 1 – 30 minutes (rely on network usage). Once you've confirmed your withdrawal using Etherscan.io or Ethplorer.io and the (SPANK) SpankChain is safe within your wallet, you're all done.
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