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 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Cryptocurrency Exchange Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Exchange now. Every exchange has a deposit form that is similar. VideoCoin (VID) is accessible on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Crypto Exchange? (Just follow this manual) Make sure you've selected the right coin you wish to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etc. If you're working with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our manual).
Step 3 – Find VideoCoin (VID) Once your deposit has been verified, you'll now have access to your finances and you can launch buying and trading. To buy VideoCoin (VID) on Binance, you'll want to hover over the ”Exchange” tab and then click on “Basic”. In order to discover VideoCoin (VID), you will need to put 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've highlighted this too. Click on “VID/BTC” to go ahead.
Step 4 – Buy VideoCoin (VID) After you have located VideoCoin (VID), you will be presented with a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the image). And now we are going to create our own Limit Order. The field with the “Price” tag will be automatically filled with the most up-to-date price VideoCoin (VID) was traded for. This can be changed to your desired rate. The field with the “Amount” tag is the volumen of VID you wish to buy. The field with the “Total” tag is the total price in Bitcoin that you'll pay for the complete volumen of VID. If you're happy, click on “Buy VID”. Your order will be filled as soon as a Vender trades their VID for the price you offered.
Step 5 – Withdraw VideoCoin (VID) Unless you're frequently trading, never keep your coins on an Exchange for an extended time period. In order to take off your VideoCoin (VID), go to the tab called “Funds” and mouse click on “Withdraw”. VideoCoin (VID) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find VideoCoin (VID) by using the provided drop-down box. Enter the quantity of VideoCoin (VID) you would like to withdraw. Don't forget the displayed minimus/fees. Also make sure you have filled your right withdraw address. When you are satisfied, click on “Submit”. You may be asked for verfication via email/phone ahead of a withdrawal.
Congrats! You've successfully purchased and safed VideoCoin (VID).That's it! Take offs from Cryptocurrency Exchange can durate between 1 – 30 minutes (depending on usage of the network). As soon as you've proved your withdrawal using Ethplorer.io or Etherscan.io and the (VID) VideoCoin is stored inside your wallet, you're done.
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