A Step-by-Step-Guide on how to buy Stakenet (XSN)
Step 1 – Signup to Kraken You will first need to buy units of the bigger coins. Exchanges usually accept either Ethereum or Bitcoin in exchange for Altcoins. Follow the Link below for registration and getting Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transfer Your Funds to an Cryptocurrency Exchange Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. Stakenet (XSN) is accessible on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Exchange? (Just follow this guide) Make sure you've chosen the precise coin you wish to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etcetera. If you're dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Follow our guide).
Step 3 – Find Stakenet (XSN) Once your deposit has been confirmed, you'll immediately have access to your finances and you can start buying and trading. To purchase Stakenet (XSN) on Binance, you'll want to hover over the tab which is called “Exchange” and then mouse click on “Basic”. To discover Stakenet (XSN), you will need to put the shortname of the coin (XSN) into the search-box, which is highlighted in the image. Make sure you have selected the correct pairing, we've highlighted this too. Click on “XSN/BTC” to continue.
Step 4 – Buying Stakenet (XSN) Once you've spotted Stakenet (XSN), you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). And now we are going to make our own Limit Order. The field with the “Price” tag will be filled with the most up-to-date price Stakenet (XSN) was sold for. You can change this to your favoured price. The ”Amount” field is the amount of XSN you wish to buy. The field with the “Total” tag is the total price in BTC that you'll settle for the complete amount of XSN. When you are glad, click on “Buy XSN”. Your plan will be filled as soon as a Seller sells their XSN for the price you offered.
Step 5 – Withdraw Stakenet (XSN) Unless you are regularly trading, best advise is not to keep coins on an Crypto Trader for an extended time frame. In order to withdraw your Stakenet (XSN), hover over the ”Funds” tab and mouse click on “Withdraw”. Stakenet (XSN) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Stakenet (XSN) by using the provided drop-down box. Put into the quantity of Stakenet (XSN) you would like to take off. Don't forget the shown fees/minimums. Also make sure you have filled your right withdraw address. If you're happy, click on “Submit”. You could be asked for verfication via phone/email before a withdrawal.