A Step-by-Step-Guide on how to buy Bitcoin Red (BTCRED)
Step 1 – Signup to CEX.io You'll first need to purchase units of the top-tier currencies. Exchanges commonly accept either Bitcoin or Ethereum in exchange for Altcoins. Click below to register and receive your Bitcoin or Ethereum.
Step 2 – Transfer Your Funds to an Crypto Trader Your Bitcoin or Ethereum has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. Bitcoin Red (BTCRED) is available on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Crypto Trader? (Follow these easy steps) Make sure you've selected the exact coin you wish to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etc. If you are working with a decentralized exchange, like Airswap or DDEX could be different (Follow these easy steps).
Step 3 – Locate Bitcoin Red (BTCRED) Once your deposit has been verified, you'll immediately have access to your assets and you can launch purchasing and trading. To buy Bitcoin Red (BTCRED) on Binance, you'll want to hover over the tab which is called “Exchange” and after that click on “Basic”. To locate Bitcoin Red (BTCRED), you'll need to put the short name of the asset (BTCRED) into the search box, which is marked in the graphic. Make sure you have selected the correct grouping, we have marked this too. Click on “BTCRED/BTC” to proceed.
Step 4 – Purchase Bitcoin Red (BTCRED) Once you've located Bitcoin Red (BTCRED), you'll be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). Next we are creating our own Limit Order. The field with the “Price” tag will be filled with the most recent tariff Bitcoin Red (BTCRED) was sold for. You can change this to your desired rate. The field with the “Amount” tag is the amount of BTCRED you wish to purchase. The ”Total” field is the whole price in BTC that you'll settle for the complete amount of BTCRED. If you are satisfied, make a mouse click on “Buy BTCRED”. Your plan will be filled when a Vender sells their BTCRED for the price you offered.
Step 5 – Withdraw Bitcoin Red (BTCRED) Unless you are regularly trading, you should never keepyour crypto on an Crypto Trader for an extensive period of time. To withdraw your Bitcoin Red (BTCRED), go to the tab called “Funds” and click on “Withdraw”. Bitcoin Red (BTCRED) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Bitcoin Red (BTCRED) by using the provided drop-down box. Drop in the amount of Bitcoin Red (BTCRED) you'd wish to withdraw. Take into account the demonstrated minimus/fees. Also make sure you have entered your precise withdraw address. When you are glad, click on “Submit”. You may be asked for email/phone verification ahead of a withdrawal.