A Step-by-Step-Guide on how to buy Streamr DATAcoin (DATA)
Step 1 – Signup to CEX.io In the beginning you'll need to buy units of the bigger currencies. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click the button below for registration and to get ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transfer Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is alike. Streamr DATAcoin (DATA) 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 Crypto Exchange? (Follow this manual) Make sure you have selected the exact coin you would like to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. In the case you're using a decentralized exchange, like Airswap or DDEX could be different (Follow our guide).
Step 3 – Find (DATA) Streamr DATAcoin As soon as your deposit has been approved, you'll now have access to your assets and you can initiate invest and trading. To invest in (DATA) Streamr DATAcoin on Binance, you'll want to go to the ”Exchange” tab and mouse click on “Basic”. In order to spot (DATA) Streamr DATAcoin, you'll need to insert the short name of the asset (DATA) into the search box, which is marked in the image. Be certain of having choosen the right pairing, we've marked this too. Click on “DATA/BTC” to advance.
Step 4 – Buying (DATA) Streamr DATAcoin Once you've found (DATA) Streamr DATAcoin, you'll be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). And now we are going to make our own Limit Order. The field with the “Price” tag will be automatically filled with the recent tariff (DATA) Streamr DATAcoin was sold for. This can be changed to your favoured price. The field with the “Amount” tag is the quantity of DATA you like to purchase. The field with the “Total” tag is the whole price in Bitcoin that you'll pay for the complete quantity of DATA. When you're satisfied, make a mouse click on “Buy DATA”. Your plan will be filled when a Vender trades their DATA for the price you submitted.
Step 5 – Withdraw (DATA) Streamr DATAcoin Unless you are frequently trading, best advise is not to keep your coins on an Exchange for an longer time period. In order to withdraw your (DATA) Streamr DATAcoin, go to the tab called “Funds” and mouse click on “Withdraw”. (DATA) Streamr DATAcoin can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find (DATA) Streamr DATAcoin by using the provided drop-down box. Drop in the quantity of (DATA) Streamr DATAcoin you'd like to withdraw. Don't forget the displayed minimus/fees. Also make sure you have filled your right withdraw address. If you are satisfied, click on “Submit”. You may be asked for verfication via phone/email ahead of a take off.