A Step-by-Step-Guide on how to buy Bitcoin Red (BTCRED)
Step 1 – Signup to CEX.io In the beginning you'll need to purchase one of the top-tier coins. Exchanges usually accept either Bitcoin or Ethereum in exchange for alternative Coins. Click the button below to register and receive your Bitcoin or Ethereum.
Step 2 – Transmit Your Funds to an Crypto Trader Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. Bitcoin Red (BTCRED) is obtainable on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Crypto Trader? (Just follow this guide) 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, and so forth. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow these easy steps).
Step 3 – Locate Bitcoin Red (BTCRED) Once your deposit has been approved, you'll instantly have access to your finances and you can launch buying and trading. To buy Bitcoin Red (BTCRED) on Binance, you'll want to go to the tab which is called “Exchange” and after that click on “Basic”. In order to spot Bitcoin Red (BTCRED), you'll need to put the short name of the asset (BTCRED) into the search box, which is highlighted in the image. Make sure you have selected the right grouping, we've highlighted this also. Click on “BTCRED/BTC” to go on.
Step 4 – Acquisition of Bitcoin Red (BTCRED) Once you have found Bitcoin Red (BTCRED), you will be presented with a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the image). Next we're going to make our Limit Order. The ”Price” field will be filled automatically with the up-to-date tariff Bitcoin Red (BTCRED) was sold for. This can be changed to your preferred price. The field with the “Amount” tag is the amount of BTCRED you wish to buy. The field with the “Total” tag is the whole price in Bitcoin that you will settle for the complete amount of BTCRED. When you're happy, click on “Buy BTCRED”. Your order will be filled as soon as a Vendor sells their BTCRED for the price you introduced.
Step 5 – Withdraw Bitcoin Red (BTCRED) Unless you are regularly trading, you should never keepyour coins on an Exchange for an longer period of time. To withdraw your Bitcoin Red (BTCRED), go to the tab called “Funds” and mouse 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. Put into the volumen of Bitcoin Red (BTCRED) you would wish to withdraw. Take into account the presented fees/minimums. Also make sure you have entered your correct withdraw address. When you are satisfied, make a mouse click on “Submit”. You may be asked for verfication via phone/email ahead of a withdrawal.