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 Ethereum (ETH) or Bitcoin (BTC) to an Cryptocurrency Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. Telcoin (TEL) is available on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this how-to) Make sure you have selected the exact coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. In the case you are using a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our how-to).
Step 3 – Find Telcoin (TEL) As soon as your deposit has been affirmed, you'll now have access to your funds and you can start buying and trading. To buy Telcoin (TEL) on Binance, you'll want to go to the ”Exchange” tab and then mouse click on “Basic”. In order to find Telcoin (TEL), you'll need to put the cointype (TEL) into the search-box, which is marked in the image. Make sure you have selected the right grouping, we've marked this too. Click on “TEL/BTC” to proceed.
Step 4 – Buying Telcoin (TEL) As soon as you have discovered Telcoin (TEL), you will be given a Price Chart (in the Center of the image) and a few Order Books (Leftside of the image). Next we're making our own Limit Order. The field with the “Price” tag will be filled with the up-to-date rate Telcoin (TEL) was traded for. You can change this to your desired rate. The ”Amount” field is the volumen of TEL you wish to buy. The ”Total” field is the total price in Bitcoin that you'll settle for the complete volumen of TEL. If you're glad, make a mouse click on “Buy TEL”. Your plan will be filled as soon as a Seller sells their TEL for the price you offered.
Step 5 – Withdraw Telcoin (TEL) Unless you're frequently trading, best advise is not to keep crypto coins on an Crypto Trader for an longer time frame. To withdraw your Telcoin (TEL), go to the tab called “Funds” and mouse click on “Withdraw”. Telcoin (TEL) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Telcoin (TEL) by using the provided drop-down box. Drop in the volumen of Telcoin (TEL) you'd wish to withdraw. Take into account the shown minimus/fees. Also make sure you have filled your correct withdraw address. If you're satisfied, make a mouse click on “Submit”. You may be asked for phone/email verification ahead of a withdrawal.