A Step-by-Step-Guide on how to buy Bitcoin Red (BTCRED)
Step 1 – Signup to Coinbase and get 10$ for free You'll first need to buy one of the top-tier coins. Exchanges commonly accept either Bitcoin or Ethereum in exchange for alternative Coins. Click below to register and receive your first $10.
Step 2 – Send Your Ethereum or Bitcoin to an Crypto Trader Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. Bitcoin Red (BTCRED) is obtainable on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Crypto Trader? (Just follow this manual) Make sure you have chosen the exact coin you would like to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etcetera. If you are working with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our guide).
Step 3 – Locate Bitcoin Red (BTCRED) Once your deposit has been affirmed, you will immediately have access to your funds and you can initiate invest and trading. To invest in Bitcoin Red (BTCRED) on Binance, you will want to go to the tab which is called “Exchange” and after that click on “Basic”. In order to locate Bitcoin Red (BTCRED), you will need to insert the shortname of the coin (BTCRED) into the search box, which is highlighted in the image. Make sure you have selected the right pairing, we have highlighted this also. Click on “BTCRED/BTC” to proceed.
Step 4 – Acquisition of (BTCRED) Bitcoin Red After you've located (BTCRED) Bitcoin Red, you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). Next we're going to make our own Limit Order. The field with the “Price” tag will be filled with the up-to-date tariff (BTCRED) Bitcoin Red was sold for. This can be changed to your preferred price. The field with the “Amount” tag is the quantity of BTCRED you like to purchase. The ”Total” field is the total price in BTC that you will pay for the complete quantity of BTCRED. If you're happy, make a mouse click on “Buy BTCRED”. Your order will be filled when a Vender trades their BTCRED for the price you submitted.
Step 5 – Withdraw Bitcoin Red (BTCRED) Unless you are regularly trading, never keep your crypto on an Crypto Trader for an extended time frame. To withdraw your Bitcoin Red (BTCRED), go to the ”Funds” tab and click on “Withdraw”. Bitcoin Red (BTCRED) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Bitcoin Red (BTCRED) by using the provided drop-down box. Put into the amount of Bitcoin Red (BTCRED) you would like to withdraw. Don't forget the presented fees/minimums. Also make sure you have filled your correct withdraw address. When you are glad, click “Submit”. You may be requested for email/phone verification before a withdrawal.