A Step-by-Step-Guide on how to buy Aave LEND (ALEND)
Step 1 – Signup to Coinbase and get 10$ for free You'll first need to buy one of the top-tier coins. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Click below for registration and getting your welcome 10$.
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an 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 alike. Aave LEND (ALEND) is available on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Exchange? (Follow these easy steps) Make sure you've chosen the right coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so forth. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our how-to).
Step 3 – Find Aave LEND (ALEND) Once your deposit has been approved, you'll immediately have access to your finances and you can launch invest and trading. To purchase Aave LEND (ALEND) on Binance, you'll want to hover over the ”Exchange” tab and mouse click on “Basic”. In order to spot Aave LEND (ALEND), you'll need to insert the cointype (ALEND) into the search-box, which is marked in the image. Be certain of having selected the right grouping, we've marked this also. Click on “ALEND/BTC” to advance.
Step 4 – Purchase Aave LEND (ALEND) Once you have spotted Aave LEND (ALEND), you will be presented with a Price Chart (in the Center of the image) and a few Order Books (Leftside of the image). Next we are going to create our Limit Order. The field with the “Price” tag will be filled with the recent rate Aave LEND (ALEND) was traded for. This can be changed to your preferred price. The ”Amount” field is the volumen of ALEND you like to purchase. The field with the “Total” tag is the whole price in Bitcoin that you'll pay for the complete volumen of ALEND. If you are glad, click on “Buy ALEND”. Your plan will be filled as soon as a Seller sells their ALEND for the price you gave.
Step 5 – Withdraw Aave LEND (ALEND) Unless you are frequently trading, never keep your crypto coins on an Cryptocurrency Exchange for an extended time frame. To withdraw your Aave LEND (ALEND), go to the tab called “Funds” and mouse click on “Withdraw”. Aave LEND (ALEND) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Aave LEND (ALEND) by using the provided drop-down box. Enter the volumen of Aave LEND (ALEND) you would wish to withdraw. Don't forget the shown minimus/fees. Also make sure you have filled your correct withdraw address. When you are happy, click “Submit”. You could be asked for email/phone verification before a withdrawal.