How to Buy VideoCoin (VID)

A Step-by-Step-Guide on how to buy VideoCoin (VID)

Step 1 – Signup to CEX.io

You'll first need to purchase one of the bigger currencies. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Follow the Link below for registration and getting Bitcoin or Ethereum.

Binance Signup
Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Exchange

Your Bitcoin or Ethereum has to be sent over to an Crypto 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 funds from Coinbase to an Crypto Exchange? (Follow this guide)

Make sure you have chosen the correct coin you wish to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so forth. If you're working with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our manual).

Step 3 – Find VideoCoin (VID)

As soon as your deposit has been approved, you'll instantly have access to your finances and you can launch invest and trading. To purchase VideoCoin (VID) on Binance, you'll want to go to the tab which is called “Exchange” and mouse click on “Basic”.

In order to spot VideoCoin (VID), you'll need to insert the cointype (VID) into the search-box, which is marked in the image. Be certain of having choosen the right pairing, we've marked this also. Click on “VID/BTC” to proceed.

Binance Hot To Buy VideoCoin (VID)
Binance How to Buy (VID) VideoCoin
Step 4 – Acquisition of (VID) VideoCoin

As soon as you've spotted (VID) VideoCoin, you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). And now we are creating our Limit Order.

The field with the “Price” tag will be filled with the most up-to-date valuation (VID) VideoCoin was traded for. This can be changed to your desired rate. The field with the “Amount” tag is the quantity of VID you want to buy. The ”Total” field is the whole price in Bitcoin that you'll settle for the whole quantity of VID.

When you are happy, click on “Buy VID”. Your order will be filled when a Vender sells their VID for the price you introduced.

Step 5 – Withdraw VideoCoin (VID)

Unless you're frequently trading, you should never keepyour coins on an Cryptocurrency Exchange for an extensive period of time. In order to take off your VideoCoin (VID), hover over the ”Funds” tab and mouse click on “Withdraw”. VideoCoin (VID) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find VideoCoin (VID) by using the provided drop-down box. Put into the quantity of VideoCoin (VID) you'd wish to take off. Don't forget the shown fees/minimums. Also make sure you have filled your precise withdraw address.

If you're glad, click “Submit”. You could be asked for email/phone verification before a take off.

Binance Withdraw

Kudos! You have successfully purchased and stored VideoCoin (VID).

That's it!

Take offs from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (rely on usage of the network). Once you've proved your withdrawal with Ethplorer.io or Etherscan.io and the VideoCoin (VID) is stored inside your wallet, you are finished.