A Step-by-Step-Guide on how to buy VideoCoin (VID)
Step 1 – Signup to Kraken You will first need to buy one of the major coins. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Follow the Link below for registration and to get BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transmit Your Ethereum or Bitcoin to an Exchange Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Exchange now. All exchanges have a deposit form that is alike. VideoCoin (VID) is available on Binance, so we're going to use that as an sample. Unsure 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. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, et cetera. In the case you're working with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our how-to).
Step 3 – Locate VideoCoin (VID) Once your deposit has been verified, you'll instantly have access to your funds and you can begin buying and trading. To invest in VideoCoin (VID) on Binance, you'll want to hover over the ”Exchange” tab and mouse click on “Basic”. To locate VideoCoin (VID), you'll need to insert the shortname of the coin (VID) into the search-box, which is marked in the picture. Make sure you have choosen the right pairing, we have marked this also. Click on “VID/BTC” to progress.
Step 4 – Purchasing VideoCoin (VID) As soon as you have located VideoCoin (VID), you will be presented with a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). Next we're making our Limit Order. The field with the “Price” tag will be filled with the up-to-date tariff VideoCoin (VID) was sold for. This can be changed to your desired rate. The field with the “Amount” tag is the quantity of VID you like to purchase. The ”Total” field is the aggregated price in BTC that you will pay for the complete quantity of VID. If you're satisfied, make a mouse click on “Buy VID”. Your order will be filled when a Vender sells their VID for the price you gave.
Step 5 – Withdraw VideoCoin (VID) Unless you are frequently trading, you should never keepyour crypto coins on an Cryptocurrency Exchange for an extensive time frame. To withdraw your VideoCoin (VID), go to the tab called “Funds” and click on “Withdraw”. VideoCoin (VID) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate VideoCoin (VID) by using the given drop-down box. Enter the volumen of VideoCoin (VID) you would like to withdraw. Don't forget the displayed fees/minimums. Also make sure you have entered your correct withdraw address. When you are satisfied, click on “Submit”. You may be requested for phone/email verification before a take off.