A Step-by-Step-Guide on how to buy Based Money ($BASED)
Step 1 – Join CEX.io You'll first need to purchase one of the bigger currencies. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Click the button below to register and getting your ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Cryptocurrency Exchange Your Ethereum or Bitcoin will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. Based Money ($BASED) is available on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this how-to) Make sure you have selected the exact coin you wish to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. In the case you are using a decentralized exchange, like Airswap or DDEX could be different (Just follow our how-to).
Step 3 – Locate Based Money ($BASED) Once your deposit has been verified, you will instantly have access to your assets and you can begin buying and trading. To invest in Based Money ($BASED) on Binance, you will want to go to the tab which is called “Exchange” and after that click on “Basic”. In order to spot Based Money ($BASED), you will need to put the short name of the asset ($BASED) into the search box, which is marked in the graphic. Make sure you have choosen the right pairing, we have marked this too. Click on “$BASED/BTC” to progress.
Step 4 – Purchasing Based Money ($BASED) As soon as you have found Based Money ($BASED), you will be given a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). Next we are making our own Limit Order. The ”Price” field will be filled with the most recent price Based Money ($BASED) was sold for. This can be changed to your favoured price. The field with the “Amount” tag is the amount of $BASED you wish to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you will pay for the whole amount of $BASED. When you are satisfied, click on “Buy $BASED”. Your order will be filled when a Vender sells their $BASED for the price you introduced.
Step 5 – Withdraw Based Money ($BASED) Unless you're frequently trading, never keep your crypto coins on an Cryptocurrency Exchange for an extensive time frame. To withdraw your Based Money ($BASED), hover over the ”Funds” tab and click on “Withdraw”. Based Money ($BASED) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Based Money ($BASED) by using the given drop-down box. Enter the amount of Based Money ($BASED) you'd like to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have filled your right withdraw address. If you're glad, make a mouse click on “Submit”. You may be requested for verfication via phone/email ahead of a withdrawal.