A Step-by-Step-Guide on how to buy Aave BUSD (ABUSD)
Step 1 – Signup to CEX.io You'll first need to purchase units of the major currencies. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click the button below for registration and to get your Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) to an Cryptocurrency Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Exchange now. All exchanges have a deposit form that is similar. Aave BUSD (ABUSD) is obtainable on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Exchange? (Follow this how-to) Make sure you have selected the precise coin you want to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, etc. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our guide).
Step 3 – Locate Aave BUSD (ABUSD) Once your deposit has been verified, you'll now have access to your assets and you can commence purchasing and trading. To invest in Aave BUSD (ABUSD) on Binance, you'll want to hover over the tab which is called “Exchange” and after that click on “Basic”. To locate Aave BUSD (ABUSD), you will need to put the shortname of the coin (ABUSD) into the search box, which is marked in the image. Make sure you have selected the right pairing, we've highlighted this also. Click on “ABUSD/BTC” to go on.
Step 4 – Buy Aave BUSD (ABUSD) After you have located Aave BUSD (ABUSD), you will be presented with a Price Chart (in the Center of the image) and a few Order Books (Leftside of the picture). Next we are going to create our own Limit Order. The ”Price” field will be filled with the most up-to-date tariff Aave BUSD (ABUSD) was traded for. This can be changed to your desired price. The ”Amount” field is the quantity of ABUSD you want to buy. The ”Total” field is the total price in Bitcoin that you'll settle for the complete quantity of ABUSD. If you are satisfied, click on “Buy ABUSD”. Your plan will be filled as soon as a Seller sells their ABUSD for the price you introduced.
Step 5 – Withdraw Aave BUSD (ABUSD) Unless you're regularly trading, best advise is not to keep coins on an Crypto Exchange for an extensive period of time. In order to take off your Aave BUSD (ABUSD), go to the tab called “Funds” and click on “Withdraw”. Aave BUSD (ABUSD) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Aave BUSD (ABUSD) by using the given drop-down box. Put into the amount of Aave BUSD (ABUSD) you would wish to take off. Take into account the presented fees/minimums. Also make sure you have filled your right withdraw address. When you're happy, make a mouse click on “Submit”. You may be asked for verfication via phone/email before a withdrawal.