A Step-by-Step-Guide on how to buy ()
Step 1 – Join CEX.io You will first need to purchase units of the bigger coins. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click below to register and receive your Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transfer Your Funds to an Exchange Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Exchange now. Every exchange has a deposit form that is similar. () is obtainable on Binance, so we're going to use that as an sample. Unsure on how to send Coinbase funds to an Exchange? (Just follow this manual) Make sure you've chosen the exact coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so on. If you are dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our how-to).
Step 3 – Find () Once your deposit has been approved, you will instantly have access to your finances and you can commence invest and trading. To purchase () on Binance, you will want to go to the ”Exchange” tab and after that click on “Basic”. In order to find (), you will need to put the short name of the asset () into the search-box, which is highlighted in the graphic. Be certain of having choosen the right grouping, we have highlighted this too. Click on “/BTC” to go ahead.
Step 4 – Buying () After you've located () , you will be given a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). Next we are making our own Limit Order. The ”Price” field will be filled with the most latest price () was sold for. You can change this to your preferred price. The ”Amount” field is the quantity of you want to purchase. The ”Total” field is the whole price in Bitcoin that you'll settle for the whole quantity of . If you are satisfied, make a mouse click on “Buy “. Your order will be filled as soon as a Seller sells their for the price you gave.
Step 5 – Withdraw () Unless you're regularly trading, you should never keepyour coins on an Exchange for an extended time frame. In order to take off your (), go to the tab called “Funds” and click on “Withdraw”. () can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find () by using the given drop-down box. Drop in the amount of () you'd like to take off. Don't forget the presented fees/minimums. Also make sure you have filled your right withdraw address. If you're satisfied, make a mouse click on “Submit”. You could be asked for verfication via email/phone before a withdrawal.