How to Buy VideoCoin (VID)

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).

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

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. VideoCoin (VID) is accessible on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Crypto Exchange? (Follow this manual)

Make sure you've chosen the correct coin you want to deposit.

Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, and so forth. If you're using a decentralized exchange, like Airswap or DDEX could be opposed (Follow our how-to).

Step 3 – Locate VideoCoin (VID)

As soon as your deposit has been approved, you will directly have access to your finances and you can start buying and trading. To invest in VideoCoin (VID) on Binance, you'll want to hover over the ”Exchange” tab and after that click on “Basic”.

In order to find VideoCoin (VID), you will need to put the cointype (VID) into the search box, which is highlighted in the graphic. Make sure you have choosen the proper grouping, we have marked this too. Click on “VID/BTC” to advance.

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

After you've found VideoCoin (VID), you'll be presented with a Price Chart (in the Center of the image) and a few Order Books (Leftside of the picture). And now we're going to make our own Limit Order.

The ”Price” field will be filled with the most up-to-date valuation VideoCoin (VID) was traded for. You can change this to your favoured price. The ”Amount” field is the volumen of VID you like to buy. The field with the “Total” tag is the whole price in BTC that you will pay for the whole volumen of VID.

If you're glad, 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 regularly trading, best advise is not to keep your crypto on an Cryptocurrency Exchange for an longer period of time. In order to withdraw your VideoCoin (VID), go to the tab called “Funds” and mouse click on “Withdraw”. VideoCoin (VID) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find VideoCoin (VID) by using the provided drop-down box. Drop in the volumen of VideoCoin (VID) you would wish to take off. Don't forget the demonstrated fees/minimums. Also make sure you have entered your right withdraw address.

When you are satisfied, make a mouse click on “Submit”. You could be asked for verfication via phone/email ahead of a withdrawal.

Binance Withdraw

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

That's it!

Withdrawals from Crypto Exchange can take anywhere from 1 – 30 minutes (rely on usage of the network). As soon as you have confirmed your take off using Ethplorer.io or Etherscan.io and the (VID) VideoCoin is safe in your wallet, you are done.

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