How to Buy Telcoin (TEL)

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).

Binance Signup
Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Cryptocurrency Exchange

Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is identical. Telcoin (TEL) is available on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this how-to)

Make sure you've selected the right coin you would like to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you are using a decentralized exchange, like Airswap or DDEX could be opposed (Just follow these easy steps).

Step 3 – Find Telcoin (TEL)

As soon as your deposit has been affirmed, you'll directly have access to your funds and you can commence purchasing and trading. To buy Telcoin (TEL) on Binance, you will want to go to the ”Exchange” tab and after that mouse click on “Basic”.

In order to locate Telcoin (TEL), you'll need to put the short name of the asset (TEL) into the search box, which is highlighted in the picture. Make sure you have choosen the right pairing, we have highlighted this also. Click on “TEL/BTC” to go ahead.

Binance Hot To Buy Telcoin (TEL)
Binance How to Buy (TEL) Telcoin
Step 4 – Buying Telcoin (TEL)

After you've found Telcoin (TEL), you'll be presented with a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the image). And now we're going to make our own Limit Order.

The field with the “Price” tag will be filled with the most up-to-date valuation Telcoin (TEL) was sold for. This can be changed to your favoured rate. The field with the “Amount” tag is the volumen of TEL you wish to buy. The ”Total” field is the total price in Bitcoin that you will pay for the whole amount of TEL.

When you're happy, make a mouse click on “Buy TEL”. Your plan will be filled as soon as a Vender sells their TEL for the price you introduced.

Step 5 – Withdraw Telcoin (TEL)

Unless you are frequently trading, you should never keepyour crypto coins on an Crypto Exchange for an extended time period. In order to withdraw your Telcoin (TEL), go to the tab called “Funds” and click on “Withdraw”. Telcoin (TEL) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Telcoin (TEL) by using the given drop-down box. Drop in the quantity of Telcoin (TEL) you would wish to take off. Don't forget the displayed fees/minimums. Also make sure you have entered your correct withdraw address.

When you are satisfied, click “Submit”. You could be requested for verfication via email/phone ahead of a withdrawal.

Binance Withdraw

Kudos! You've successfully purchased and stored Telcoin (TEL).

That's it!

Withdrawals from Crypto Trader can durate anywhere from 1 – 30 minutes (depending on usage of the network). Once you have proved your withdrawal with Ethplorer.io or Etherscan.io and the (TEL) Telcoin is stored within your wallet, you're all done.

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