A Step-by-Step-Guide on how to buy Velas (VLX)
Step 1 – Signup to Kraken You'll first need to buy one of the bigger coins. Exchanges normally accept either Ethereum or Bitcoin in exchange for alternative Coins. Follow the Link below to register and receive Bitcoin or Ethereum.
Step 2 – Transmit Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Trader Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. Velas (VLX) is accessible on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Crypto Trader? (Follow this manual) Make sure you've selected the precise coin you wish to deposit. BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so on. If you are using a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our how-to).
Step 3 – Find Velas (VLX) As soon as your deposit has been approved, you'll instantly have access to your assets and you can initiate invest and trading. To buy Velas (VLX) on Binance, you will want to hover over the ”Exchange” tab and after that mouse click on “Basic”. To discover Velas (VLX), you will need to insert the short name of the asset (VLX) into the search box, which is marked in the picture. Make sure you have choosen the proper grouping, we have highlighted this too. Click on “VLX/BTC” to go ahead.
Step 4 – Buying Velas (VLX) Once you've spotted Velas (VLX), you will be given a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the image). Next we're making our own Limit Order. The ”Price” field will be automatically filled with the most latest price Velas (VLX) was traded for. You can change this to your desired rate. The ”Amount” field is the volumen of VLX you wish to purchase. The ”Total” field is the total price in Bitcoin that you'll pay for the complete volumen of VLX. When you're happy, click on “Buy VLX”. Your plan will be filled as soon as a Vender trades their VLX for the price you submitted.
Step 5 – Withdraw Velas (VLX) Unless you are frequently trading, best advise is not to keep coins on an Crypto Exchange for an extended time frame. In order to withdraw your Velas (VLX), hover over the tab called “Funds” and click on “Withdraw”. Velas (VLX) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Velas (VLX) by using the given drop-down box. Enter the quantity of Velas (VLX) you would wish to withdraw. Don't forget the presented minimus/fees. Also make sure you have filled your right withdraw address. When you are glad, click “Submit”. You may be asked for phone/email verification ahead of a take off.