A Step-by-Step-Guide on how to buy Ycash (YEC)
Step 1 – Signup to CEX.io You will first need to buy units of the bigger currencies. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Follow the Link below to register and to get Funds.
Step 2 – Transfer Your Bitcoin or Ethereum to an Crypto Trader Your Ethereum or Bitcoin will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. Ycash (YEC) is accessible on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Trader? (Follow this manual) Make sure you've selected the precise coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. If you are working with a decentralized exchange, such as Airswap or DDEX could be different (Follow our manual).
Step 3 – Locate (YEC) Ycash As soon as your deposit has been confirmed, you'll directly have access to your funds and you can initiate purchasing and trading. To buy (YEC) Ycash on Binance, you'll want to hover over the tab which is called “Exchange” and then click on “Basic”. In order to locate (YEC) Ycash, you'll need to put the shortname of the coin (YEC) into the search box, which is marked in the graphic. Make sure you have choosen the right pairing, we have marked this too. Click on “YEC/BTC” to continue.
Step 4 – Purchase (YEC) Ycash As soon as you've discovered (YEC) Ycash, you will be presented with a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the image). For now we are making our Limit Order. The ”Price” field will be automatically filled with the up-to-date valuation (YEC) Ycash was sold for. You can change this to your desired price. The ”Amount” field is the amount of YEC you like to purchase. The field with the “Total” tag is the total price in Bitcoin that you'll pay for the complete amount of YEC. When you are happy, make a mouse click on “Buy YEC”. Your plan will be filled when a Vender trades their YEC for the price you introduced.
Step 5 – Withdraw (YEC) Ycash Unless you're regularly trading, best advise is not to keep crypto on an Exchange for an extended time period. In order to take off your (YEC) Ycash, go to the ”Funds” tab and click on “Withdraw”. (YEC) Ycash can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find (YEC) Ycash by using the given drop-down box. Enter the amount of (YEC) Ycash you would like to take off. Don't forget the presented minimus/fees. Also make sure you have entered your right withdraw address. If you're satisfied, click “Submit”. You may be requested for phone/email verification before a take off.