A Step-by-Step-Guide on how to buy Banano (BAN)
Step 1 – Signup to CEX.io You will first need to purchase units of the top-tier coins. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Click the button below for registration and getting your BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) to an Exchange Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Exchange now. Every exchange has a deposit form that is identical. Banano (BAN) is available on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Exchange? (Just follow this guide) Make sure you have chosen the right coin you want 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 how-to).
Step 3 – Locate Banano (BAN) As soon as your deposit has been affirmed, you will now have access to your assets and you can launch purchasing and trading. To invest in Banano (BAN) on Binance, you will want to hover over the tab which is called “Exchange” and mouse click on “Basic”. In order to find Banano (BAN), you will need to insert the shortname of the coin (BAN) into the search-box, which is highlighted in the graphic. Be certain of having choosen the correct pairing, we have highlighted this also. Click on “BAN/BTC” to go on.
Step 4 – Purchasing Banano (BAN) After you have spotted Banano (BAN), you will be presented with a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). And now we're going to make our own Limit Order. The field with the “Price” tag will be filled with the most up-to-date rate Banano (BAN) was sold for. You can change this to your desired rate. The ”Amount” field is the quantity of BAN you wish to purchase. The ”Total” field is the aggregated price in BTC that you will settle for the whole quantity of BAN. When you're glad, make a mouse click on “Buy BAN”. Your plan will be filled when a Seller trades their BAN for the price you submitted.
Step 5 – Withdraw Banano (BAN) Unless you are regularly trading, never keep your crypto on an Crypto Trader for an longer period of time. To withdraw your Banano (BAN), go to the ”Funds” tab and mouse click on “Withdraw”. Banano (BAN) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Banano (BAN) by using the given drop-down box. Put into the amount of Banano (BAN) you'd like to withdraw. Take into account the presented minimus/fees. Also make sure you have filled your correct withdraw address. If you are glad, click “Submit”. You could be requested for phone/email verification before a withdrawal.