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 BTC (Bitcoin) or ETH (Ethereum) to an Crypto Trader Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. Wownero (WOW) is accessible on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Crypto Trader? (Follow this manual) Make sure you have chosen the precise coin you wish to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so forth. If you're working with a decentralized exchange, like Airswap or DDEX could be different (Follow our manual).
Step 3 – Locate Wownero (WOW) Once your deposit has been approved, you'll immediately have access to your assets and you can commence invest and trading. To purchase Wownero (WOW) on Binance, you'll want to go to the ”Exchange” tab and then mouse click on “Basic”. In order to locate Wownero (WOW), you will need to insert the shortname of the coin (WOW) into the search-box, which is marked in the image. Make sure you have choosen the correct pairing, we've marked this too. Click on “WOW/BTC” to advance.
Step 4 – Buying Wownero (WOW) After you've discovered Wownero (WOW), you will be given a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the image). Next we're making our own Limit Order. The field with the “Price” tag will be filled automatically with the most up-to-date rate Wownero (WOW) was traded for. This can be changed to your favoured rate. The field with the “Amount” tag is the volumen of WOW you want to buy. The field with the “Total” tag is the total price in BTC that you'll pay for the whole quantity of WOW. When you're glad, make a mouse click on “Buy WOW”. Your order will be filled when a Seller trades their WOW for the price you gave.
Step 5 – Withdraw Wownero (WOW) Unless you are frequently trading, you should never keepyour crypto coins on an Exchange for an extensive time period. In order to withdraw your Wownero (WOW), hover over the ”Funds” tab and click on “Withdraw”. Wownero (WOW) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Wownero (WOW) by using the provided drop-down box. Put into the quantity of Wownero (WOW) you'd wish to take off. Don't forget the shown minimus/fees. Also make sure you have filled your right withdraw address. When you are glad, click on “Submit”. You may be asked for verfication via email/phone before a withdrawal.
Kudos! You have successfully purchased and stored Wownero (WOW).That's it! Withdrawals from Crypto Trader can take anywhere from 1 – 30 minutes (rely on usage of the network). As soon as you have proved your take off with Etherscan.io or Ethplorer.io and the (WOW) Wownero is stored within your wallet, you are done.
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