A Step-by-Step-Guide on how to buy BaconSwap (BACON)
Step 1 – Signup to CEX.io You'll first need to buy units of the major currencies. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click below for registration and to get your Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Send Your Ethereum (ETH) or Bitcoin (BTC) to an Exchange Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Exchange now. Every exchange has a deposit form that is similar. BaconSwap (BACON) is obtainable on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Exchange? (Follow this manual) Make sure you've selected the right coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our guide).
Step 3 – Find BaconSwap (BACON) As soon as your deposit has been confirmed, you'll now have access to your funds and you can commence purchasing and trading. To buy BaconSwap (BACON) on Binance, you'll want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”. To locate BaconSwap (BACON), you'll need to insert the shortname of the coin (BACON) into the search-box, which is marked in the image. Be certain of having choosen the right grouping, we have marked this also. Click on “BACON/BTC” to go on.
Step 4 – Buy BaconSwap (BACON) Once you have located BaconSwap (BACON), you'll be presented with a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). For now we're making our Limit Order. The field with the “Price” tag will be filled automatically with the latest rate BaconSwap (BACON) was traded for. You can change this to your desired price. The ”Amount” field is the amount of BACON you wish to buy. The ”Total” field is the whole price in BTC that you'll pay for the whole amount of BACON. When you are happy, make a mouse click on “Buy BACON”. Your plan will be filled as soon as a Vendor sells their BACON for the price you gave.
Step 5 – Withdraw BaconSwap (BACON) Unless you are trading, never keep your coins on an Crypto Trader for an longer time period. To take off your BaconSwap (BACON), go to the ”Funds” tab and click on “Withdraw”. BaconSwap (BACON) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate BaconSwap (BACON) by using the given drop-down box. Put into the quantity of BaconSwap (BACON) you would like to take off. Don't forget the presented minimus/fees. Also make sure you have filled your precise withdraw address. If you are satisfied, click on “Submit”. You may be requested for verfication via email/phone ahead of a withdrawal.