A Step-by-Step-Guide on how to buy ()
Step 1 – Signup to CEX.io In the beginning you'll need to buy one of the top-tier coins. Exchanges commonly accept either Bitcoin or Ethereum in exchange for alternative Coins. Click the button below for registration and getting ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Send Your Funds to an Crypto Exchange Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is alike. () is obtainable on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Just follow this manual) Make sure you've selected the precise coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etcetera. If you're working with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our how-to).
Step 3 – Locate () Once your deposit has been approved, you'll immediately have access to your assets and you can begin buying and trading. To purchase () on Binance, you'll want to hover over the ”Exchange” tab and mouse click on “Basic”. In order to spot () , you'll need to put the shortname of the coin () into the search box, which is highlighted in the image. Be certain of having choosen the proper pairing, we have highlighted this also. Click on “/BTC” to go ahead.
Step 4 – Purchasing () As soon as you have spotted () , you'll be given a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the image). For now we're going to make our own Limit Order. The ”Price” field will be automatically filled with the most recent tariff () was traded for. This can be changed to your favoured price. The field with the “Amount” tag is the volumen of you want to purchase. The ”Total” field is the total price in Bitcoin that you'll pay for the whole volumen of . When you are glad, make a mouse click on “Buy “. Your order will be filled as soon as a Vendor sells their for the price you submitted.
Step 5 – Withdraw () Unless you're trading, never keep your crypto on an Crypto Exchange for an longer time period. To take off your (), go to the ”Funds” tab and click on “Withdraw”. () can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate () by using the given drop-down box. Enter the volumen of () you would like to take off. Take into account the displayed minimus/fees. Also make sure you have filled your correct withdraw address. When you're glad, make a mouse click on “Submit”. You may be asked for verfication via phone/email ahead of a withdrawal.