A Step-by-Step-Guide on how to buy Bitcoin 2 (BTC2)
Step 1 – Signup to CEX.io In the beginning you'll need to purchase units of the top-tier currencies. Exchanges commonly accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Click the button below for registration and to get your Bitcoin or Ethereum.
Step 2 – Transfer Your Ethereum or Bitcoin to an Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Exchange now. Every exchange has a deposit form that is similar. Bitcoin 2 (BTC2) is accessible 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 selected the exact coin you want to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. If you're using a decentralized exchange, such as Airswap or DDEX could be different (Follow our how-to).
Step 3 – Locate Bitcoin 2 (BTC2) Once your deposit has been approved, you'll now have access to your finances and you can start buying and trading. To purchase Bitcoin 2 (BTC2) on Binance, you'll want to hover over the ”Exchange” tab and then mouse click on “Basic”. In order to discover Bitcoin 2 (BTC2), you'll need to put the short name of the asset (BTC2) into the search-box, which is marked in the image. Be certain of having selected the correct grouping, we have marked this also. Click on “BTC2/BTC” to advance.
Step 4 – Purchasing Bitcoin 2 (BTC2) After you have spotted Bitcoin 2 (BTC2), you will be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). Next we are creating our Limit Order. The field with the “Price” tag will be automatically filled with the most latest rate Bitcoin 2 (BTC2) was sold for. This can be changed to your favoured price. The ”Amount” field is the amount of BTC2 you like to buy. The ”Total” field is the aggregated price in Bitcoin that you will pay for the complete amount of BTC2. If you're happy, click on “Buy BTC2”. Your order will be filled when a Vendor trades their BTC2 for the price you introduced.
Step 5 – Withdraw (BTC2) Bitcoin 2 Unless you are frequently trading, never keep your crypto on an Cryptocurrency Exchange for an extensive time frame. To take off your (BTC2) Bitcoin 2, hover over the ”Funds” tab and click on “Withdraw”. (BTC2) Bitcoin 2 can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate (BTC2) Bitcoin 2 by using the given drop-down box. Enter the amount of (BTC2) Bitcoin 2 you would wish to take off. Take into account the shown minimus/fees. Also make sure you have entered your correct withdraw address. When you are glad, click on “Submit”. You could be asked for verfication via phone/email ahead of a withdrawal.