A Step-by-Step-Guide on how to buy xBTC (XBTC)
Step 1 – Join Kraken You'll first need to buy one of the major currencies. Exchanges normally accept either Ethereum or Bitcoin in exchange for Altcoins. Click the button below for registration and to get Ethereum or Bitcoin.
Step 2 – Transfer Your Funds to an Exchange 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. xBTC (XBTC) is accessible on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Exchange? (Just follow these easy steps) Make sure you have chosen the correct coin you would like to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so forth. If you are dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our how-to).
Step 3 – Find xBTC (XBTC) As soon as your deposit has been approved, you'll directly have access to your funds and you can start invest and trading. To invest in xBTC (XBTC) on Binance, you'll want to go to the tab which is called “Exchange” and after that mouse click on “Basic”. In order to locate xBTC (XBTC), you'll need to insert the short name of the asset (XBTC) into the search-box, which is highlighted in the graphic. Be certain of having selected the proper grouping, we have highlighted this also. Click on “XBTC/BTC” to continue.
Step 4 – Buy xBTC (XBTC) As soon as you've located xBTC (XBTC), you'll be given a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the picture). For now we're creating our own Limit Order. The field with the “Price” tag will be filled automatically with the most latest price xBTC (XBTC) was sold for. You can change this to your preferred rate. The field with the “Amount” tag is the amount of XBTC you wish to buy. The ”Total” field is the total price in BTC that you'll settle for the complete amount of XBTC. When you're satisfied, click on “Buy XBTC”. Your order will be filled as soon as a Vender trades their XBTC for the price you introduced.
Step 5 – Withdraw xBTC (XBTC) Unless you are regularly trading, never keep your crypto on an Cryptocurrency Exchange for an extensive time period. To take off your xBTC (XBTC), go to the tab called “Funds” and click on “Withdraw”. xBTC (XBTC) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find xBTC (XBTC) by using the given drop-down box. Enter the amount of xBTC (XBTC) you'd wish to take off. Take into account the presented fees/minimums. Also make sure you have entered your correct withdraw address. If you are satisfied, make a mouse click on “Submit”. You could be asked for verfication via phone/email ahead of a withdrawal.