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 Funds to an Crypto Exchange Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. Vid (VI) is accessible on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Exchange? (Just follow this manual) Make sure you have selected the precise coin you want to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, etc. In the case you're using a decentralized exchange, like Airswap or DDEX could be unlike (Follow our guide).
Step 3 – Locate Vid (VI) Once your deposit has been approved, you'll directly have access to your funds and you can initiate purchasing and trading. To buy Vid (VI) on Binance, you will want to go to the tab which is called “Exchange” and then click on “Basic”. In order to spot Vid (VI), you'll need to insert the cointype (VI) into the search-box, which is marked in the picture. Be certain of having choosen the correct grouping, we've highlighted this also. Click on “VI/BTC” to continue.
Step 4 – Purchasing Vid (VI) After you have discovered Vid (VI), you will be given a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the picture). Next we're making our own Limit Order. The field with the “Price” tag will be automatically filled with the most latest rate Vid (VI) was traded for. This can be changed to your desired rate. The field with the “Amount” tag is the quantity of VI you wish to purchase. The ”Total” field is the whole price in Bitcoin that you will pay for the complete volumen of VI. When you are happy, click on “Buy VI”. Your order will be filled as soon as a Vender trades their VI for the price you offered.
Step 5 – Withdraw Vid (VI) Unless you are regularly trading, best advise is not to keep crypto coins on an Crypto Trader for an longer time frame. In order to withdraw your Vid (VI), go to the tab called “Funds” and click on “Withdraw”. Vid (VI) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Vid (VI) by using the given drop-down box. Drop in the quantity of Vid (VI) you'd wish to take off. Don't forget the presented fees/minimums. Also make sure you have filled your correct withdraw address. If you are glad, click on “Submit”. You may be asked for email/phone verification before a take off.