A Step-by-Step-Guide on how to buy ()
Step 1 – Join Kraken You will first need to purchase units of the major coins. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click the button below to register and receive Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transfer Your Bitcoin or Ethereum to an Crypto Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is identical. () is available on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Crypto Exchange? (Just follow this guide) Make sure you have chosen the precise coin you want to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. If you're using a decentralized exchange, such as Airswap or DDEX could be different (Just follow these easy steps).
Step 3 – Locate () Once your deposit has been affirmed, you will immediately have access to your funds and you can commence purchasing and trading. To buy () on Binance, you will want to hover over the ”Exchange” tab and then mouse click on “Basic”. In order to locate (), you will need to put the shortname of the coin () into the search-box, which is highlighted in the image. Be certain of having selected the proper pairing, we have highlighted this too. Click on “/BTC” to advance.
Step 4 – Buying () As soon as you have located (), you will be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). For now we are going to make our own Limit Order. The ”Price” field will be filled automatically with the latest price () was sold for. This can be changed to your desired rate. The field with the “Amount” tag is the quantity of you want to purchase. The ”Total” field is the whole price in BTC that you'll settle for the whole quantity of . When you are happy, make a mouse click on “Buy ”. Your plan will be filled as soon as a Vendor sells their for the price you submitted.
Step 5 – Withdraw () Unless you're regularly trading, you should never keepyour coins on an Exchange for an extended time frame. To withdraw your (), hover over the tab called “Funds” and mouse click on “Withdraw”. () can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find () by using the provided drop-down box. Drop in the amount of () you'd like to withdraw. Take into account the presented fees/minimums. Also make sure you have entered your precise withdraw address. When you're happy, click on “Submit”. You could be requested for verfication via email/phone before a take off.