A Step-by-Step-Guide on how to buy BaconSwap (BACON)
Step 1 – Join Coinbase – Get Free $10 You will first need to buy units of the top-tier coins. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click the button below for registration and to get your welcome 10$.
Step 2 – Send Your Funds to an Exchange Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Exchange now. All exchanges have a deposit form that is identical. BaconSwap (BACON) is accessible on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Exchange? (Just follow this how-to) Make sure you have chosen the exact coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so on. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our guide).
Step 3 – Locate BaconSwap (BACON) Once your deposit has been approved, you will directly have access to your assets and you can launch invest and trading. To invest in BaconSwap (BACON) on Binance, you will want to go to the ”Exchange” tab and then mouse click on “Basic”. In order to discover BaconSwap (BACON), you will need to insert the cointype (BACON) into the search box, which is highlighted in the image. Be certain of having selected the right grouping, we've highlighted this too. Click on “BACON/BTC” to proceed.
Step 4 – Buy BaconSwap (BACON) After you have spotted BaconSwap (BACON), you'll be given a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). For now we are making our own Limit Order. The field with the “Price” tag will be automatically filled with the recent rate BaconSwap (BACON) was sold for. You can change this to your preferred rate. The ”Amount” field is the quantity of BACON you wish to buy. The ”Total” field is the total price in Bitcoin that you will pay for the whole quantity of BACON. If you are happy, click on “Buy BACON”. Your plan will be filled as soon as a Seller trades their BACON for the price you submitted.
Step 5 – Withdraw BaconSwap (BACON) Unless you are frequently trading, best advise is not to keep your crypto on an Crypto Exchange for an longer time period. In order to withdraw your BaconSwap (BACON), go to the ”Funds” tab and click on “Withdraw”. BaconSwap (BACON) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate BaconSwap (BACON) by using the given drop-down box. Enter the amount of BaconSwap (BACON) you would wish to withdraw. Take into account the demonstrated fees/minimums. Also make sure you have entered your precise withdraw address. When you are glad, click “Submit”. You may be requested for verfication via email/phone before a take off.