A Step-by-Step-Guide on how to buy Starname (IOV)
Step 1 – Signup to Kraken In the beginning you'll need to purchase units of the top-tier currencies. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Click the button below for registration and getting Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Trader Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Exchange now. Every exchange has a deposit form that is identical. Starname (IOV) is available on Binance, so we're going to use that as an illustration. Unsure on how to send Coinbase funds to an Crypto Trader? (Follow this how-to) Make sure you have selected the exact coin you would like to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, and so forth. If you're dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our guide).
Step 3 – Find Starname (IOV) Once your deposit has been confirmed, you will instantly have access to your assets and you can initiate buying and trading. To purchase Starname (IOV) on Binance, you'll want to go to the tab which is called “Exchange” and after that mouse click on “Basic”. In order to spot Starname (IOV), you will need to put the cointype (IOV) into the search-box, which is highlighted in the picture. Make sure you have selected the correct pairing, we've marked this also. Click on “IOV/BTC” to advance.
Step 4 – Purchasing Starname (IOV) As soon as you have discovered Starname (IOV), you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (on the Left 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 rate Starname (IOV) was sold for. You can change this to your desired rate. The ”Amount” field is the amount of IOV you want to purchase. The field with the “Total” tag is the whole price in BTC that you'll pay for the complete amount of IOV. If you're happy, make a mouse click on “Buy IOV”. Your order will be filled when a Vendor sells their IOV for the price you introduced.
Step 5 – Withdraw Starname (IOV) Unless you are regularly trading, best advise is not to keep your crypto on an Crypto Exchange for an extended period of time. In order to withdraw your Starname (IOV), hover over the tab called “Funds” and mouse click on “Withdraw”. Starname (IOV) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Starname (IOV) by using the given drop-down box. Enter the volumen of Starname (IOV) you'd like to withdraw. Take into account the shown minimus/fees. Also make sure you have entered your correct withdraw address. When you're happy, click “Submit”. You could be requested for verfication via phone/email before a take off.
Congrats! You've successfully bought and safed Starname (IOV).That's it! Take offs from Exchange can take between 1 – 30 minutes (rely on network usage). Once you've confirmed your take off using Ethplorer.io or Etherscan.io and the (IOV) Starname is stored inside your wallet, you're done.
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