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 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Cryptocurrency Exchange Your Bitcoin or Ethereum has to be sent over to an Exchange now. All exchanges have a deposit form that is identical. Starname (IOV) is available on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this manual) Make sure you've chosen the correct coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so forth. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be different (Follow our how-to).
Step 3 – Find Starname (IOV) Once your deposit has been approved, you'll now have access to your funds and you can begin buying and trading. To buy Starname (IOV) on Binance, you will want to go to the tab which is called “Exchange” and then mouse click on “Basic”. In order to find Starname (IOV), you'll need to insert the cointype (IOV) into the search-box, which is marked in the image. Be certain of having choosen the proper grouping, we have marked this too. Click on “IOV/BTC” to advance.
Step 4 – Purchasing Starname (IOV) Once you have found Starname (IOV), 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). Next we are going to create our own Limit Order. The ”Price” field will be filled with the most latest price Starname (IOV) was traded for. This can be changed to your preferred price. The ”Amount” field is the amount of IOV you want to buy. The field with the “Total” tag is the whole price in BTC that you will pay for the whole quantity of IOV. When you're satisfied, make a mouse click on “Buy IOV”. Your plan will be filled when a Vendor trades their IOV for the price you submitted.
Step 5 – Withdraw Starname (IOV) Unless you are frequently trading, you should never keepyour crypto coins on an Cryptocurrency Exchange for an extended time frame. In order to take off your Starname (IOV), hover over the tab called “Funds” and mouse click on “Withdraw”. Starname (IOV) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Starname (IOV) by using the given drop-down box. Put into the volumen of Starname (IOV) you would like to withdraw. Don't forget the displayed minimus/fees. Also make sure you have entered your correct withdraw address. If you're happy, make a mouse click on “Submit”. You may be requested for verfication via email/phone ahead of a withdrawal.