A Step-by-Step-Guide on how to buy Based Money ($BASED)
Step 1 – Signup to CEX.io You will first need to purchase units of the major coins. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Follow the Link below to register and getting your Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transfer Your ETH (Ethereum) or BTC (Bitcoin) to an Exchange Your Bitcoin or Ethereum will need to be sent over to an Exchange now. All exchanges have a deposit form that is similar. Based Money ($BASED) is obtainable on Binance, so we're going to use that as an sample. Unsure on how to send funds from Coinbase to an Exchange? (Just follow this manual) Make sure you have chosen the correct coin you would like to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so on. If you are dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our how-to).
Step 3 – Locate ($BASED) Based Money As soon as your deposit has been affirmed, you'll immediately have access to your assets and you can commence purchasing and trading. To invest in ($BASED) Based Money on Binance, you'll want to go to the ”Exchange” tab and mouse click on “Basic”. To locate ($BASED) Based Money, you'll need to insert the shortname of the coin ($BASED) into the search box, which is highlighted in the graphic. Make sure you have choosen the proper pairing, we have highlighted this also. Click on “$BASED/BTC” to proceed.
Step 4 – Buy ($BASED) Based Money After you've spotted ($BASED) Based Money, you'll be presented with a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). For now we are creating our Limit Order. The field with the “Price” tag will be filled automatically with the recent rate ($BASED) Based Money was traded for. This can be changed to your preferred price. The field with the “Amount” tag is the quantity of $BASED you wish to purchase. The ”Total” field is the total price in Bitcoin that you'll pay for the complete quantity of $BASED. When you're satisfied, click on “Buy $BASED”. Your plan will be filled as soon as a Vendor trades their $BASED for the price you offered.
Step 5 – Withdraw ($BASED) Based Money Unless you're regularly trading, never keep your crypto coins on an Cryptocurrency Exchange for an extensive time frame. In order to take off your ($BASED) Based Money, hover over the ”Funds” tab and mouse click on “Withdraw”. ($BASED) Based Money can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find ($BASED) Based Money by using the provided drop-down box. Enter the quantity of ($BASED) Based Money you would wish to take off. Take into account the presented minimus/fees. Also make sure you have filled your correct withdraw address. When you're satisfied, click on “Submit”. You could be asked for verfication via phone/email before a take off.