A Step-by-Step-Guide on how to buy Binarium (BIN)
Step 1 – Signup to Coinbase and get 10$ for free In the beginning you'll need to buy units of the top-tier coins. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Click below for registration and getting your first $10.
Step 2 – Transfer Your Bitcoin or Ethereum to an Exchange Your Bitcoin or Ethereum will need to be sent over to an Exchange now. Every exchange has a deposit form that is similar. Binarium (BIN) is available on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Exchange? (Follow this how-to) Make sure you have chosen the correct coin you want to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be different (Follow our guide).
Step 3 – Find (BIN) Binarium Once your deposit has been affirmed, you will directly have access to your assets and you can launch invest and trading. To invest in (BIN) Binarium on Binance, you will want to hover over the ”Exchange” tab and after that mouse click on “Basic”. To spot (BIN) Binarium, you will need to insert the cointype (BIN) into the search-box, which is marked in the graphic. Be certain of having choosen the right grouping, we have marked this also. Click on “BIN/BTC” to progress.
Step 4 – Purchase (BIN) Binarium As soon as you've found (BIN) Binarium, you'll be presented with a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). And now we're going to create our own Limit Order. The field with the “Price” tag will be filled automatically with the latest tariff (BIN) Binarium was traded for. You can change this to your preferred price. The ”Amount” field is the volumen of BIN you like to buy. The field with the “Total” tag is the total price in BTC that you will settle for the complete volumen of BIN. If you are happy, click on “Buy BIN”. Your order will be filled as soon as a Seller sells their BIN for the price you offered.
Step 5 – Withdraw Binarium (BIN) Unless you are frequently trading, never keep your crypto on an Exchange for an extensive time frame. In order to withdraw your Binarium (BIN), go to the ”Funds” tab and mouse click on “Withdraw”. Binarium (BIN) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Binarium (BIN) by using the provided drop-down box. Enter the volumen of Binarium (BIN) you'd wish to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have entered your precise withdraw address. When you are glad, click “Submit”. You may be requested for verfication via email/phone before a take off.