A Step-by-Step-Guide on how to buy WandX (WAND)
Step 1 – Signup to Kraken You will first need to buy units of the bigger currencies. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click the button below to register and getting ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transfer Your BTC (Bitcoin) or ETH (Ethereum) to an Exchange Your Ethereum or Bitcoin will need to be sent over to an Exchange now. Every exchange has a deposit form that is identical. WandX (WAND) is available on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Exchange? (Just follow this how-to) Make sure you've selected the right coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our manual).
Step 3 – Locate WandX (WAND) Once your deposit has been affirmed, you'll now have access to your funds and you can start buying and trading. To buy WandX (WAND) on Binance, you'll want to hover over the tab which is called “Exchange” and click on “Basic”. In order to discover WandX (WAND), you'll need to put the cointype (WAND) into the search-box, which is marked in the graphic. Make sure you have choosen the right pairing, we've marked this too. Click on “WAND/BTC” to progress.
Step 4 – Acquisition of WandX (WAND) Once you have spotted WandX (WAND), you will be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). Next we are going to create our Limit Order. The field with the “Price” tag will be filled automatically with the most latest rate WandX (WAND) was sold for. You can change this to your preferred price. The ”Amount” field is the quantity of WAND you want to buy. The ”Total” field is the whole price in Bitcoin that you will settle for the whole quantity of WAND. When you are satisfied, make a mouse click on “Buy WAND”. Your order will be filled when a Seller trades their WAND for the price you offered.
Step 5 – Withdraw WandX (WAND) Unless you're regularly trading, best advise is not to keep your coins on an Cryptocurrency Exchange for an longer time period. To take off your WandX (WAND), go to the tab called “Funds” and click on “Withdraw”. WandX (WAND) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate WandX (WAND) by using the provided drop-down box. Put into the quantity of WandX (WAND) you'd like to take off. Take into account the displayed minimus/fees. Also make sure you have filled your correct withdraw address. When you're satisfied, click on “Submit”. You may be requested for phone/email verification before a take off.