A Step-by-Step-Guide on how to buy Bitcoinus (BITS)
Step 1 – Join Coinbase and recieve 10$ for free In the beginning you'll need to buy units of the top-tier coins. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Click the button below to register and receive your first 10$.
Step 2 – Transmit Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Exchange Your Ethereum or Bitcoin has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. Bitcoinus (BITS) is available on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Crypto Exchange? (Just follow this guide) Make sure you have selected the correct coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etcetera. In the case you're using a decentralized exchange, such as Airswap or DDEX could be different (Just follow these easy steps).
Step 3 – Locate Bitcoinus (BITS) Once your deposit has been approved, you will directly have access to your assets and you can initiate purchasing and trading. To invest in Bitcoinus (BITS) on Binance, you will want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”. In order to find Bitcoinus (BITS), you will need to insert the cointype (BITS) into the search-box, which is marked in the graphic. Be certain of having selected the proper grouping, we have marked this also. Click on “BITS/BTC” to advance.
Step 4 – Acquisition of Bitcoinus (BITS) As soon as you've spotted Bitcoinus (BITS), you'll be presented with a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). And now we're creating our own Limit Order. The field with the “Price” tag will be automatically filled with the most up-to-date rate Bitcoinus (BITS) was sold for. This can be changed to your preferred rate. The ”Amount” field is the quantity of BITS you want to purchase. The field with the “Total” tag is the total price in BTC that you'll settle for the complete quantity of BITS. If you're glad, make a mouse click on “Buy BITS”. Your order will be filled as soon as a Seller sells their BITS for the price you submitted.
Step 5 – Withdraw Bitcoinus (BITS) Unless you are trading, best advise is not to keep crypto coins on an Crypto Trader for an longer period of time. To withdraw your Bitcoinus (BITS), hover over the tab called “Funds” and click on “Withdraw”. Bitcoinus (BITS) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Bitcoinus (BITS) by using the given drop-down box. Put into the amount of Bitcoinus (BITS) you'd wish to withdraw. Take into account the presented minimus/fees. Also make sure you have entered your correct withdraw address. If you are happy, click “Submit”. You may be asked for email/phone verification before a take off.