A Step-by-Step-Guide on how to buy BitBay (BAY)
Step 1 – Join Coinbase – Get Free $10 You will first need to buy one of the top-tier coins. Exchanges normally accept either Ethereum or Bitcoin in exchange for alternative Coins. Click below to register and getting your first 10 Dollar.
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) 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 similar. BitBay (BAY) is available on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this manual) Make sure you've chosen the precise coin you would like to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etcetera. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be different (Just follow these easy steps).
Step 3 – Find BitBay (BAY) As soon as your deposit has been confirmed, you'll now have access to your funds and you can start purchasing and trading. To buy BitBay (BAY) on Binance, you'll want to go to the ”Exchange” tab and then mouse click on “Basic”. To spot BitBay (BAY), you'll need to insert the cointype (BAY) into the search-box, which is marked in the graphic. Make sure you have choosen the proper grouping, we've marked this also. Click on “BAY/BTC” to proceed.
Step 4 – Purchasing BitBay (BAY) After you have located BitBay (BAY), you'll be given a Price Chart (in the Center of the image) and a few Order Books (Leftside of the image). And now we're going to make our Limit Order. The field with the “Price” tag will be filled automatically with the latest rate BitBay (BAY) was sold for. This can be changed to your preferred price. The field with the “Amount” tag is the amount of BAY you wish to purchase. The field with the “Total” tag is the total price in BTC that you'll pay for the complete amount of BAY. If you're satisfied, click on “Buy BAY”. Your order will be filled when a Vendor trades their BAY for the price you offered.
Step 5 – Withdraw (BAY) BitBay Unless you are trading, never keep your coins on an Exchange for an extended period of time. In order to take off your (BAY) BitBay, go to the ”Funds” tab and mouse click on “Withdraw”. (BAY) BitBay can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find (BAY) BitBay by using the given drop-down box. Put into the quantity of (BAY) BitBay you would like to take off. Don't forget the displayed minimus/fees. Also make sure you have filled your precise withdraw address. When you are glad, make a mouse click on “Submit”. You could be requested for verfication via email/phone before a take off.