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 Funds to an Crypto Exchange Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is identical. 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 Crypto Trader? (Follow this how-to) Make sure you have chosen the exact coin you want to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etc. If you're working with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our manual).
Step 3 – Find VideoCoin (VID) Once your deposit has been affirmed, you will directly have access to your finances and you can start purchasing and trading. To invest in VideoCoin (VID) on Binance, you will want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”. In order to discover VideoCoin (VID), you will need to put the short name of the asset (VID) into the search-box, which is marked in the picture. Be certain of having choosen the right grouping, we've highlighted this also. Click on “VID/BTC” to progress.
Step 4 – Buying VideoCoin (VID) After you have discovered VideoCoin (VID), you'll be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the image). Next we're going to make our own Limit Order. The ”Price” field will be filled with the most latest rate VideoCoin (VID) was traded for. You can change this to your preferred rate. The ”Amount” field is the volumen of VID you like to buy. The ”Total” field is the whole price in Bitcoin that you will pay for the complete quantity of VID. If you're satisfied, click on “Buy VID”. Your order will be filled as soon as a Vendor sells 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 Exchange for an extended time period. In order to take off your VideoCoin (VID), hover over 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 volumen of VideoCoin (VID) you would like to withdraw. Don't forget the demonstrated minimus/fees. Also make sure you have entered your correct withdraw address. When you are satisfied, make a mouse click on “Submit”. You may be requested for verfication via email/phone ahead of a withdrawal.