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 – Transfer Your Funds to an Cryptocurrency Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. VideoCoin (VID) is available on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Just follow this how-to) Make sure you've selected the right coin you want to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so forth. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our guide).
Step 3 – Locate VideoCoin (VID) Once your deposit has been affirmed, you will now have access to your funds and you can commence buying and trading. To purchase VideoCoin (VID) on Binance, you'll want to hover over the tab which is called “Exchange” and after that click on “Basic”. In order to spot VideoCoin (VID), you will need to insert the short name of the asset (VID) into the search box, which is highlighted in the picture. Make sure you have selected the right grouping, we've highlighted this too. Click on “VID/BTC” to advance.
Step 4 – Buy VideoCoin (VID) After you've spotted VideoCoin (VID), you will be given a Price Chart (in the Center of the image) and a few Order Books (Leftside of the image). And now we are making our own Limit Order. The ”Price” field will be filled automatically with the most recent valuation VideoCoin (VID) was traded for. You can change this to your favoured rate. The ”Amount” field is the volumen of VID you want to buy. The ”Total” field is the aggregated price in Bitcoin that you'll pay for the whole quantity of VID. When you are satisfied, make a mouse click on “Buy VID”. Your plan will be filled when a Seller trades their VID for the price you introduced.
Step 5 – Withdraw VideoCoin (VID) Unless you are frequently trading, best advise is not to keep crypto on an Crypto Exchange for an extensive period of time. To withdraw your VideoCoin (VID), hover over the ”Funds” tab and click on “Withdraw”. VideoCoin (VID) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find VideoCoin (VID) by using the given drop-down box. Drop in the volumen of VideoCoin (VID) you'd like to withdraw. Don't forget the shown fees/minimums. Also make sure you have filled your correct withdraw address. If you're happy, click “Submit”. You could be requested for email/phone verification before a withdrawal.