A Step-by-Step-Guide on how to buy Abosom (XAB)
Step 1 – Signup to CEX.io You will first need to buy one of the bigger coins. Exchanges normally accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click below for registration and to get your Ethereum or Bitcoin.
Step 2 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) to an Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Exchange now. All exchanges have a deposit form that is alike. Abosom (XAB) is available on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Exchange? (Follow this guide) Make sure you've chosen the right coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be different (Follow our manual).
Step 3 – Locate Abosom (XAB) Once your deposit has been approved, you will immediately have access to your funds and you can commence purchasing and trading. To buy Abosom (XAB) on Binance, you will want to go to the tab which is called “Exchange” and after that click on “Basic”. In order to find Abosom (XAB), you will need to put the cointype (XAB) into the search-box, which is highlighted in the graphic. Be certain of having choosen the proper pairing, we have highlighted this too. Click on “XAB/BTC” to proceed.
Step 4 – Buying Abosom (XAB) After you have found Abosom (XAB), you'll be presented with a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). Next we're creating our own Limit Order. The ”Price” field will be automatically filled with the latest price Abosom (XAB) was sold for. This can be changed to your favoured price. The ”Amount” field is the volumen of XAB you want to purchase. The field with the “Total” tag is the aggregated price in BTC that you'll pay for the complete volumen of XAB. If you're happy, make a mouse click on “Buy XAB”. Your plan will be filled when a Vendor sells their XAB for the price you gave.
Step 5 – Withdraw Abosom (XAB) Unless you're regularly trading, best advise is not to keep your crypto coins on an Exchange for an extended time frame. In order to withdraw your Abosom (XAB), go to the ”Funds” tab and click on “Withdraw”. Abosom (XAB) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Abosom (XAB) by using the given drop-down box. Enter the quantity of Abosom (XAB) you would like to withdraw. Don't forget the demonstrated minimus/fees. Also make sure you have filled your right withdraw address. When you're satisfied, make a mouse click on “Submit”. You could be asked for verfication via phone/email ahead of a take off.