How to Buy SpankChain (SPANK)

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).

Binance Signup
Step 2 – Transfer Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Exchange

Your Bitcoin or Ethereum will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is identical. SpankChain (SPANK) is accessible on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this guide)

Make sure you have chosen the precise coin you would like to deposit.

Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, et cetera. If you're working with a decentralized exchange, like Airswap or DDEX could be opposed (Follow our how-to).

Step 3 – Find SpankChain (SPANK)

As soon as your deposit has been approved, you will directly have access to your funds and you can begin buying and trading. To purchase SpankChain (SPANK) on Binance, you'll want to go to the tab which is called “Exchange” and after that mouse click on “Basic”.

To discover SpankChain (SPANK), you'll need to insert the shortname of the coin (SPANK) into the search box, which is marked in the image. Make sure you have selected the proper pairing, we have marked this also. Click on “SPANK/BTC” to proceed.

Binance Hot To Buy SpankChain (SPANK)
Binance How to Buy (SPANK) SpankChain
Step 4 – Purchase SpankChain (SPANK)

As soon as you have found SpankChain (SPANK), you will be given a Price Chart (in the Center of the image) and some Order Books (Leftside of the picture). Next we are creating our own Limit Order.

The ”Price” field will be automatically filled with the most up-to-date rate SpankChain (SPANK) was sold for. You can change this to your desired rate. The ”Amount” field is the volumen of SPANK you wish to buy. The ”Total” field is the total price in Bitcoin that you'll settle for the complete volumen of SPANK.

When you're satisfied, make a mouse click on “Buy SPANK”. Your order will be filled when a Vendor trades their SPANK for the price you offered.

Step 5 – Withdraw SpankChain (SPANK)

Unless you are frequently trading, never keep your coins on an Exchange for an longer time frame. In order to take off your SpankChain (SPANK), hover over the tab called “Funds” and mouse click on “Withdraw”. SpankChain (SPANK) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find SpankChain (SPANK) by using the given drop-down box. Put into the amount of SpankChain (SPANK) you'd like to withdraw. Don't forget the displayed minimus/fees. Also make sure you have entered your precise withdraw address.

When you are happy, click “Submit”. You could be requested for phone/email verification before a withdrawal.

Binance Withdraw

Kudos! You've successfully bought and stored SpankChain (SPANK).

That's it!

Take offs from Exchange can durate anywhere from 1 – 30 minutes (rely on network usage). As soon as you have confirmed your withdrawal with Ethplorer.io or Etherscan.io and the (SPANK) SpankChain is safe inside your wallet, you are finished.
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