A Step-by-Step-Guide on how to buy Basecoin (BAB)
Step 1 – Signup to CEX.io In the beginning you'll need to buy units of the bigger coins. Exchanges normally accept either Bitcoin or Ethereum in exchange for Altcoins. Click the button below for registration and receive your Bitcoin or Ethereum.
Step 2 – Send Your Ethereum or Bitcoin to an Cryptocurrency Exchange Your Bitcoin or Ethereum has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. Basecoin (BAB) is available on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this how-to) Make sure you have selected the right coin you want to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etcetera. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our how-to).
Step 3 – Locate Basecoin (BAB) As soon as your deposit has been affirmed, you'll directly have access to your finances and you can commence invest and trading. To buy Basecoin (BAB) on Binance, you'll want to hover over the ”Exchange” tab and then mouse click on “Basic”. To find Basecoin (BAB), you'll need to put the short name of the asset (BAB) into the search box, which is highlighted in the image. Be certain of having choosen the proper pairing, we have highlighted this also. Click on “BAB/BTC” to progress.
Step 4 – Buying Basecoin (BAB) After you have spotted Basecoin (BAB), you'll be given a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). For now we are making our own Limit Order. The ”Price” field will be filled with the most recent valuation Basecoin (BAB) was sold for. You can change this to your favoured rate. The field with the “Amount” tag is the volumen of BAB you want to purchase. The ”Total” field is the total price in Bitcoin that you'll settle for the whole volumen of BAB. If you are satisfied, make a mouse click on “Buy BAB”. Your order will be filled as soon as a Vendor trades their BAB for the price you offered.
Step 5 – Withdraw Basecoin (BAB) Unless you are frequently trading, never keep your crypto coins on an Crypto Exchange for an extensive time period. To withdraw your Basecoin (BAB), go to the tab called “Funds” and click on “Withdraw”. Basecoin (BAB) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Basecoin (BAB) by using the provided drop-down box. Put into the amount of Basecoin (BAB) you would wish to withdraw. Don't forget the displayed minimus/fees. Also make sure you have entered your right withdraw address. When you are glad, make a mouse click on “Submit”. You may be requested for verfication via email/phone before a withdrawal.