A Step-by-Step-Guide on how to buy Vid (VI)
Step 1 – Signup to 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 the button below for registration and to get BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transfer Your Bitcoin or Ethereum to an Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Exchange now. All exchanges have a deposit form that is identical. Vid (VI) is accessible on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Exchange? (Just follow this guide) Make sure you've chosen the precise coin you would like to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our how-to).
Step 3 – Find Vid (VI) As soon as your deposit has been confirmed, you will instantly have access to your funds and you can commence invest and trading. To invest in Vid (VI) on Binance, you will want to hover over the ”Exchange” tab and click on “Basic”. To find Vid (VI), you will need to put the short name of the asset (VI) into the search box, which is highlighted in the graphic. Be certain of having selected the proper grouping, we have highlighted this too. Click on “VI/BTC” to proceed.
Step 4 – Buy Vid (VI) As soon as you have located Vid (VI), you will be presented with a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). For now we are going to create our own Limit Order. The ”Price” field will be filled with the latest rate Vid (VI) was sold for. You can change this to your favoured rate. The field with the “Amount” tag is the volumen of VI you want to buy. The ”Total” field is the total price in BTC that you will pay for the complete volumen of VI. If you are satisfied, click on “Buy VI”. Your plan will be filled when a Vendor sells their VI for the price you gave.
Step 5 – Withdraw Vid (VI) Unless you're trading, never keep your crypto on an Exchange for an longer time frame. In order to take off your Vid (VI), hover over the tab called “Funds” and mouse click on “Withdraw”. Vid (VI) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Vid (VI) by using the provided drop-down box. Enter the volumen of Vid (VI) you'd like to take off. Don't forget the displayed fees/minimums. Also make sure you have entered your correct withdraw address. When you're happy, click “Submit”. You may be requested for verfication via email/phone before a take off.