A Step-by-Step-Guide on how to buy Binance GBP Stable Coin (BGBP)
Step 1 – Signup to CEX.io In the beginning you'll need to purchase units of the major currencies. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click below for registration and to get your Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Exchange Your Ethereum or Bitcoin has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is identical. Binance GBP Stable Coin (BGBP) is accessible on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Trader? (Just follow this how-to) Make sure you've selected the precise coin you would like to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so forth. If you're dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our guide).
Step 3 – Locate Binance GBP Stable Coin (BGBP) As soon as your deposit has been approved, you'll instantly have access to your assets and you can commence purchasing and trading. To buy Binance GBP Stable Coin (BGBP) on Binance, you'll want to go to the ”Exchange” tab and then click on “Basic”. To spot Binance GBP Stable Coin (BGBP), you'll need to insert the short name of the asset (BGBP) into the search box, which is marked in the image. Be certain of having choosen the right grouping, we've highlighted this too. Click on “BGBP/BTC” to progress.
Step 4 – Buying Binance GBP Stable Coin (BGBP) After you have spotted Binance GBP Stable Coin (BGBP), you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). And now we're creating our own Limit Order. The field with the “Price” tag will be filled with the most latest price Binance GBP Stable Coin (BGBP) was traded for. This can be changed to your preferred rate. The ”Amount” field is the amount of BGBP you like to purchase. The ”Total” field is the total price in Bitcoin that you will settle for the complete amount of BGBP. If you are happy, make a mouse click on “Buy BGBP”. Your order will be filled when a Vender sells their BGBP for the price you submitted.
Step 5 – Withdraw Binance GBP Stable Coin (BGBP) Unless you are regularly trading, never keep your crypto on an Cryptocurrency Exchange for an longer time frame. In order to take off your Binance GBP Stable Coin (BGBP), go to the ”Funds” tab and mouse click on “Withdraw”. Binance GBP Stable Coin (BGBP) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Binance GBP Stable Coin (BGBP) by using the given drop-down box. Put into the quantity of Binance GBP Stable Coin (BGBP) you would wish to withdraw. Don't forget the displayed fees/minimums. Also make sure you have filled your correct withdraw address. If you're happy, click on “Submit”. You may be asked for verfication via email/phone before a withdrawal.