A Step-by-Step-Guide on how to buy BaconCoin (BAK)
Step 1 – Join Coinbase – Get Free $10 You will first need to purchase units of the bigger currencies. Exchanges usually accept either Bitcoin or Ethereum in exchange for Altcoins. Follow the Link below for registration and to get your welcome 10 Dollar.
Step 2 – Transfer Your Funds to an Exchange Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Exchange now. All exchanges have a deposit form that is alike. BaconCoin (BAK) is obtainable on Binance, so we're going to use that as an illustration. Unsure on how to send Coinbase funds to an Exchange? (Follow this manual) Make sure you have chosen the precise coin you would like to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so on. If you're dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Follow these easy steps).
Step 3 – Find BaconCoin (BAK) As soon as your deposit has been confirmed, you'll instantly have access to your finances and you can commence buying and trading. To purchase BaconCoin (BAK) on Binance, you'll want to go to the tab which is called “Exchange” and then click on “Basic”. In order to find BaconCoin (BAK), you'll need to insert the cointype (BAK) into the search-box, which is highlighted in the image. Be certain of having selected the right pairing, we've highlighted this also. Click on “BAK/BTC” to proceed.
Step 4 – Buy (BAK) BaconCoin After you've found (BAK) BaconCoin, you'll be presented with a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). Next we are going to create our own Limit Order. The ”Price” field will be filled with the up-to-date tariff (BAK) BaconCoin was traded for. This can be changed to your desired rate. The ”Amount” field is the volumen of BAK you like to buy. The ”Total” field is the aggregated price in Bitcoin that you will settle for the whole volumen of BAK. If you are happy, make a mouse click on “Buy BAK”. Your order will be filled as soon as a Vendor sells their BAK for the price you introduced.
Step 5 – Withdraw BaconCoin (BAK) Unless you are trading, best advise is not to keep your crypto coins on an Cryptocurrency Exchange for an longer period of time. In order to withdraw your BaconCoin (BAK), go to the ”Funds” tab and mouse click on “Withdraw”. BaconCoin (BAK) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate BaconCoin (BAK) by using the provided drop-down box. Enter the volumen of BaconCoin (BAK) you would like to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have entered your precise withdraw address. When you are glad, click “Submit”. You could be asked for verfication via phone/email before a take off.