A Step-by-Step-Guide on how to buy ()
Step 1 – Signup to CEX.io You will first need to buy units of the major currencies. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Click the button below for registration and to get your BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Send Your Bitcoin or Ethereum to an Exchange Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Exchange now. All exchanges have a deposit form that is identical. () is obtainable on Binance, so we're going to use that as an sample. Unsure on how to send Coinbase funds to an Exchange? (Follow this manual) Make sure you have selected the precise coin you want to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so forth. If you're using a decentralized exchange, such as Airswap or DDEX could be different (Follow our guide).
Step 3 – Find () As soon as your deposit has been confirmed, you'll instantly have access to your assets and you can initiate buying and trading. To invest in () on Binance, you'll want to go to the tab which is called “Exchange” and click on “Basic”. To find (), you'll need to put the cointype () into the search box, which is highlighted in the graphic. Make sure you have selected the proper grouping, we have highlighted this also. Click on “/BTC” to proceed.
Step 4 – Buying () Once you've located () , you will be given a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). And now we are making our Limit Order. The ”Price” field will be automatically filled with the most latest valuation () was traded for. This can be changed to your desired price. The ”Amount” field is the volumen of you like to purchase. The ”Total” field is the aggregated price in Bitcoin that you'll pay for the complete volumen of . When you're happy, make a mouse click on “Buy “. Your plan will be filled when a Vendor trades their for the price you offered.
Step 5 – Withdraw () Unless you're trading, you should never keepyour coins on an Cryptocurrency Exchange for an extensive period of time. To take off your () , hover over the ”Funds” tab and click on “Withdraw”. () can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find () by using the given drop-down box. Enter the amount of () you would wish to take off. Take into account the presented fees/minimums. Also make sure you have filled your right withdraw address. If you're happy, click “Submit”. You could be requested for verfication via phone/email before a take off.