A Step-by-Step-Guide on how to buy YOLOCash (YLC)
Step 1 – Signup to CEX.io In the beginning you'll need to purchase one of the top-tier currencies. Exchanges usually accept either Bitcoin or Ethereum in exchange for alternative Coins. Click the button below to register and receive Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Send Your Bitcoin or Ethereum to an Crypto Trader Your Bitcoin or Ethereum will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. YOLOCash (YLC) is accessible on Binance, so we're going to use that as an illustration. Unsure on how to send Coinbase funds to an Crypto Trader? (Follow this how-to) Make sure you have chosen the correct coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so on. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our how-to).
Step 3 – Find (YLC) YOLOCash As soon as your deposit has been approved, you'll directly have access to your funds and you can start buying and trading. To purchase (YLC) YOLOCash on Binance, you'll want to hover over the tab which is called “Exchange” and then mouse click on “Basic”. To locate (YLC) YOLOCash, you'll need to put the short name of the asset (YLC) into the search-box, which is marked in the image. Be certain of having selected the correct pairing, we've marked this too. Click on “YLC/BTC” to continue.
Step 4 – Purchasing YOLOCash (YLC) As soon as you've discovered YOLOCash (YLC), you'll be given 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 making our own Limit Order. The ”Price” field will be filled with the most up-to-date price YOLOCash (YLC) was sold for. You can change this to your favoured rate. The ”Amount” field is the volumen of YLC you want to buy. The ”Total” field is the total price in BTC that you will settle for the whole volumen of YLC. When you are happy, make a mouse click on “Buy YLC”. Your plan will be filled when a Seller trades their YLC for the price you introduced.
Step 5 – Withdraw (YLC) YOLOCash Unless you are frequently trading, best advise is not to keep coins on an Exchange for an extended time period. In order to take off your (YLC) YOLOCash, go to the ”Funds” tab and click on “Withdraw”. (YLC) YOLOCash can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate (YLC) YOLOCash by using the given drop-down box. Enter the amount of (YLC) YOLOCash you'd wish to take off. Don't forget the demonstrated minimus/fees. Also make sure you have filled your correct withdraw address. If you are glad, click “Submit”. You may be asked for verfication via email/phone before a take off.