A Step-by-Step-Guide on how to buy Telcoin (TEL)
Step 1 – Join Kraken You will first need to buy units of the bigger currencies. Exchanges normally accept either Bitcoin or Ethereum in exchange for alternative Coins. Click below for registration and getting Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transfer Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Trader Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Exchange now. Every exchange has a deposit form that is alike. Telcoin (TEL) is available on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this manual) Make sure you have selected the right coin you would like to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etc. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our guide).
Step 3 – Locate Telcoin (TEL) Once your deposit has been affirmed, you'll instantly have access to your funds and you can initiate buying and trading. To buy Telcoin (TEL) on Binance, you will want to go to the tab which is called “Exchange” and then mouse click on “Basic”. To find Telcoin (TEL), you will need to insert the shortname of the coin (TEL) into the search box, which is marked in the graphic. Be certain of having selected the proper grouping, we've highlighted this too. Click on “TEL/BTC” to progress.
Step 4 – Purchasing Telcoin (TEL) After you've discovered Telcoin (TEL), you'll be presented with a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). For now we are creating our own Limit Order. The field with the “Price” tag will be automatically filled with the most up-to-date price Telcoin (TEL) was traded for. You can change this to your favoured rate. The ”Amount” field is the quantity of TEL you wish to buy. The ”Total” field is the whole price in BTC that you will settle for the whole amount of TEL. If you're satisfied, make a mouse click on “Buy TEL”. Your order will be filled as soon as a Vendor sells their TEL for the price you submitted.
Step 5 – Withdraw Telcoin (TEL) Unless you are frequently trading, best advise is not to keep your crypto on an Crypto Trader for an extensive period of time. In order to take off your Telcoin (TEL), hover over the ”Funds” tab and click on “Withdraw”. Telcoin (TEL) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Telcoin (TEL) by using the provided drop-down box. Put into the volumen of Telcoin (TEL) you'd wish to take off. Don't forget the displayed fees/minimums. Also make sure you have entered your precise withdraw address. If you're glad, click “Submit”. You could be requested for email/phone verification ahead of a withdrawal.