A Step-by-Step-Guide on how to buy BERNcash (BERN)
Step 1 – Join CEX.io You will first need to buy units of the bigger currencies. Exchanges usually accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Follow the Link below for registration and getting your Bitcoin or Ethereum.
Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Exchange Your Ethereum or Bitcoin has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is alike. BERNcash (BERN) is accessible on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Crypto Exchange? (Just follow this guide) Make sure you've selected the exact coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etc. If you are working with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow these easy steps).
Step 3 – Locate BERNcash (BERN) Once your deposit has been confirmed, you will instantly have access to your funds and you can begin buying and trading. To buy BERNcash (BERN) on Binance, you will want to go to the tab which is called “Exchange” and click on “Basic”. To discover BERNcash (BERN), you will need to put the cointype (BERN) into the search-box, which is highlighted in the picture. Make sure you have selected the correct pairing, we have highlighted this too. Click on “BERN/BTC” to go on.
Step 4 – Acquisition of BERNcash (BERN) Once you've found BERNcash (BERN), you will be given a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). Next we are going to create our Limit Order. The field with the “Price” tag will be automatically filled with the up-to-date tariff BERNcash (BERN) was traded for. This can be changed to your favoured rate. The field with the “Amount” tag is the amount of BERN you wish to purchase. The ”Total” field is the aggregated price in BTC that you'll settle for the complete amount of BERN. When you're satisfied, click on “Buy BERN”. Your order will be filled as soon as a Seller sells their BERN for the price you gave.
Step 5 – Withdraw BERNcash (BERN) Unless you're frequently trading, best advise is not to keep your coins on an Crypto Trader for an longer time frame. In order to withdraw your BERNcash (BERN), go to the tab called “Funds” and click on “Withdraw”. BERNcash (BERN) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find BERNcash (BERN) by using the provided drop-down box. Enter the amount of BERNcash (BERN) you would like to withdraw. Take into account the displayed fees/minimums. Also make sure you have filled your right withdraw address. If you're satisfied, click on “Submit”. You may be requested for verfication via phone/email ahead of a withdrawal.