A Step-by-Step-Guide on how to buy bitCNY (BITCNY)
Step 1 – Join Coinbase – Get Free $10 In the beginning you'll need to purchase units of the bigger currencies. Exchanges normally accept either Ethereum or Bitcoin in exchange for alternative Coins. Click the button below for registration and receive your welcome $10.
Step 2 – Send Your Ethereum or Bitcoin to an Crypto Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is identical. bitCNY (BITCNY) is obtainable on Binance, so we're going to use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Exchange? (Just follow this manual) Make sure you have selected the correct coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our manual).
Step 3 – Locate (BITCNY) bitCNY Once your deposit has been affirmed, you'll instantly have access to your assets and you can begin invest and trading. To invest in (BITCNY) bitCNY on Binance, you'll want to go to the ”Exchange” tab and click on “Basic”. To locate (BITCNY) bitCNY, you'll need to insert the short name of the asset (BITCNY) into the search-box, which is marked in the image. Make sure you have selected the proper grouping, we've marked this too. Click on “BITCNY/BTC” to progress.
Step 4 – Buy bitCNY (BITCNY) Once you've located bitCNY (BITCNY), you will be given a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). For now we're making our own Limit Order. The ”Price” field will be filled with the most up-to-date price bitCNY (BITCNY) was sold for. This can be changed to your favoured price. The field with the “Amount” tag is the amount of BITCNY you wish to buy. The ”Total” field is the aggregated price in BTC that you'll settle for the whole amount of BITCNY. When you are glad, click on “Buy BITCNY”. Your order will be filled as soon as a Vendor sells their BITCNY for the price you introduced.
Step 5 – Withdraw bitCNY (BITCNY) Unless you are frequently trading, you should never keepyour crypto coins on an Crypto Trader for an extended period of time. In order to withdraw your bitCNY (BITCNY), go to the ”Funds” tab and click on “Withdraw”. bitCNY (BITCNY) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find bitCNY (BITCNY) by using the given drop-down box. Enter the amount of bitCNY (BITCNY) you would like to withdraw. Don't forget the displayed minimus/fees. Also make sure you have filled your precise withdraw address. When you are happy, click “Submit”. You may be asked for email/phone verification before a take off.