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 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) to an Exchange Your Bitcoin or Ethereum will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is identical. Vid (VI) is available on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this how-to) Make sure you have selected the correct coin you wish to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etcetera. In the case you are using a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our guide).
Step 3 – Find Vid (VI) As soon as your deposit has been affirmed, you'll instantly have access to your funds and you can initiate buying and trading. To purchase Vid (VI) on Binance, you'll want to go to the tab which is called “Exchange” and after that mouse click on “Basic”. In order to discover Vid (VI), you'll need to insert the shortname of the coin (VI) into the search box, which is highlighted in the graphic. Be certain of having selected the right grouping, we have marked this also. Click on “VI/BTC” to continue.
Step 4 – Acquisition of Vid (VI) As soon as you've found Vid (VI), you'll be given a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the picture). For now we're going to make our own Limit Order. The ”Price” field will be filled automatically with the most up-to-date price Vid (VI) was sold for. This can be changed to your desired rate. The ”Amount” field is the quantity of VI you want to buy. The field with the “Total” tag is the whole price in BTC that you will pay for the whole quantity of VI. When you're glad, make a mouse click on “Buy VI”. Your plan will be filled as soon as a Seller trades their VI for the price you gave.
Step 5 – Withdraw Vid (VI) Unless you are regularly trading, never keep your crypto coins on an Cryptocurrency Exchange for an extensive time frame. To take off your Vid (VI), hover over the ”Funds” tab and click on “Withdraw”. Vid (VI) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Vid (VI) by using the given drop-down box. Put into the volumen of Vid (VI) you'd like to withdraw. Take into account the demonstrated minimus/fees. Also make sure you have entered your right withdraw address. When you are happy, click “Submit”. You may be requested for phone/email verification ahead of a withdrawal.
Kudos! You've successfully bought and safed Vid (VI).That's it! Take offs from Crypto Trader can take between 1 – 30 minutes (depending on usage of the network). Once you have confirmed your withdrawal with Etherscan.io or Ethplorer.io and the (VI) Vid is stored in your wallet, you're done.
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