A Step-by-Step-Guide on how to buy Bitcoin Confidential (BC)
Step 1 – Signup to CEX.io In the beginning you'll need to purchase one of the bigger currencies. Exchanges usually accept either Ethereum or Bitcoin in exchange for Altcoins. Click below for registration and getting your Ethereum or Bitcoin.
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an 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. Bitcoin Confidential (BC) is available on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Exchange? (Follow this how-to) Make sure you've chosen the correct coin you wish to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. If you are dealing with a decentralized exchange, like Airswap or DDEX could be different (Follow our how-to).
Step 3 – Locate Bitcoin Confidential (BC) As soon as your deposit has been affirmed, you will instantly have access to your assets and you can launch purchasing and trading. To invest in Bitcoin Confidential (BC) on Binance, you will want to hover over the ”Exchange” tab and then mouse click on “Basic”. In order to spot Bitcoin Confidential (BC), you will need to insert the short name of the asset (BC) into the search-box, which is highlighted in the picture. Be certain of having selected the proper pairing, we've highlighted this also. Click on “BC/BTC” to progress.
Step 4 – Buy Bitcoin Confidential (BC) After you've located Bitcoin Confidential (BC), you'll be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the image). And now we're going to create our own Limit Order. The ”Price” field will be filled with the most up-to-date tariff Bitcoin Confidential (BC) was sold for. You can change this to your favoured rate. The field with the “Amount” tag is the volumen of BC you like to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you'll pay for the whole amount of BC. If you're glad, make a mouse click on “Buy BC”. Your plan will be filled when a Vender trades their BC for the price you offered.
Step 5 – Withdraw Bitcoin Confidential (BC) Unless you're frequently trading, best advise is not to keep crypto coins on an Crypto Exchange for an longer time period. To take off your Bitcoin Confidential (BC), go to the ”Funds” tab and mouse click on “Withdraw”. Bitcoin Confidential (BC) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Bitcoin Confidential (BC) by using the given drop-down box. Drop in the quantity of Bitcoin Confidential (BC) you'd wish to withdraw. Take into account the presented minimus/fees. Also make sure you have entered your right withdraw address. When you are satisfied, click “Submit”. You could be asked for verfication via phone/email before a withdrawal.