A Step-by-Step-Guide on how to buy Ycash (YEC)
Step 1 – Join Kraken In the beginning you'll need to buy units of the major coins. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Click the button below to register and receive Funds.
Step 2 – Transmit Your Bitcoin or Ethereum to an Crypto Trader Your Bitcoin or Ethereum will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is identical. Ycash (YEC) is obtainable on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Trader? (Follow this guide) Make sure you have selected the exact coin you would like to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so forth. In the case you're using a decentralized exchange, such as Airswap or DDEX could be divergent (Follow these easy steps).
Step 3 – Find Ycash (YEC) As soon as your deposit has been approved, you will immediately have access to your assets and you can initiate purchasing and trading. To invest in Ycash (YEC) on Binance, you will want to hover over the ”Exchange” tab and then mouse click on “Basic”. In order to locate Ycash (YEC), you will need to insert the short name of the asset (YEC) into the search-box, which is highlighted in the image. Make sure you have selected the correct grouping, we've highlighted this too. Click on “YEC/BTC” to go on.
Step 4 – Purchase Ycash (YEC) After you've discovered Ycash (YEC), you'll be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). And now we're going to create our Limit Order. The field with the “Price” tag will be filled automatically with the recent rate Ycash (YEC) was sold for. You can change this to your preferred rate. The ”Amount” field is the quantity of YEC you like to buy. The ”Total” field is the aggregated price in Bitcoin that you will pay for the whole quantity of YEC. If you are glad, click on “Buy YEC”. Your order will be filled when a Seller trades their YEC for the price you submitted.
Step 5 – Withdraw Ycash (YEC) Unless you're regularly trading, best advise is not to keep crypto on an Cryptocurrency Exchange for an longer time period. In order to take off your Ycash (YEC), hover over the tab called “Funds” and click on “Withdraw”. Ycash (YEC) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Ycash (YEC) by using the provided drop-down box. Drop in the quantity of Ycash (YEC) you would wish to take off. Don't forget the displayed fees/minimums. Also make sure you have filled your precise withdraw address. If you're satisfied, make a mouse click on “Submit”. You could be requested for email/phone verification ahead of a take off.