A Step-by-Step-Guide on how to buy Wownero (WOW)
Step 1 – Signup to Kraken In the beginning you'll need to buy units of the bigger currencies. Exchanges commonly accept either Ethereum or Bitcoin in exchange for Altcoins. Click the button below for registration and to get Bitcoin or Ethereum.
Step 2 – Transmit Your Funds to an Crypto Trader Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. Wownero (WOW) is available on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Exchange? (Follow these easy steps) Make sure you've chosen the correct coin you want to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etcetera. If you're using a decentralized exchange, like Airswap or DDEX could be different (Follow our how-to).
Step 3 – Find Wownero (WOW) Once your deposit has been verified, you will immediately have access to your assets and you can begin buying and trading. To invest in Wownero (WOW) on Binance, you will want to go to the ”Exchange” tab and then mouse click on “Basic”. In order to locate Wownero (WOW), you'll need to put the cointype (WOW) into the search box, which is highlighted in the picture. Be certain of having selected the proper pairing, we have marked this also. Click on “WOW/BTC” to progress.
Step 4 – Buy Wownero (WOW) Once you have discovered Wownero (WOW), you will be given a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). Next we're creating our own Limit Order. The ”Price” field will be filled automatically with the most up-to-date valuation Wownero (WOW) was traded for. You can change this to your favoured rate. The field with the “Amount” tag is the quantity of WOW you like to purchase. The ”Total” field is the whole price in BTC that you'll settle for the complete quantity of WOW. When you're glad, make a mouse click on “Buy WOW”. Your order will be filled as soon as a Vendor sells their WOW for the price you introduced.
Step 5 – Withdraw Wownero (WOW) Unless you are regularly trading, never keep your coins on an Exchange for an longer time period. To take off your Wownero (WOW), hover over the tab called “Funds” and mouse click on “Withdraw”. Wownero (WOW) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Wownero (WOW) by using the given drop-down box. Enter the volumen of Wownero (WOW) you'd like to take off. Don't forget the demonstrated fees/minimums. Also make sure you have entered your precise withdraw address. If you are glad, make a mouse click on “Submit”. You may be asked for phone/email verification before a take off.