A Step-by-Step-Guide on how to buy Bitcoinus (BITS)
Step 1 – Signup to CEX.io You will first need to buy one of the top-tier coins. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Click below for registration and getting your BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transmit Your ETH (Ethereum) or BTC (Bitcoin) to an Cryptocurrency Exchange Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. Bitcoinus (BITS) is obtainable on Binance, so we're going to use that as an sample. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow these easy steps) Make sure you have chosen the right coin you wish to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. In the case you are using a decentralized exchange, like Airswap or DDEX could be different (Just follow our manual).
Step 3 – Find Bitcoinus (BITS) As soon as your deposit has been verified, you will directly have access to your assets and you can begin purchasing and trading. To invest in Bitcoinus (BITS) on Binance, you will want to hover over the tab which is called “Exchange” and then mouse click on “Basic”. To locate Bitcoinus (BITS), you will need to insert the shortname of the coin (BITS) into the search box, which is highlighted in the graphic. Be certain of having selected the right pairing, we have highlighted this also. Click on “BITS/BTC” to continue.
Step 4 – Buy Bitcoinus (BITS) Once you've discovered Bitcoinus (BITS), you'll be presented with a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). For now we're going to make our Limit Order. The field with the “Price” tag will be automatically filled with the latest valuation Bitcoinus (BITS) was sold for. You can change this to your desired rate. The field with the “Amount” tag is the volumen of BITS you like to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you will settle for the whole volumen of BITS. When you're glad, click on “Buy BITS”. Your order will be filled as soon as a Vender sells their BITS for the price you gave.
Step 5 – Withdraw Bitcoinus (BITS) Unless you're frequently trading, best advise is not to keep your crypto on an Crypto Exchange for an longer period of time. In order to take off your Bitcoinus (BITS), hover over the tab called “Funds” and mouse click on “Withdraw”. Bitcoinus (BITS) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Bitcoinus (BITS) by using the given drop-down box. Enter the volumen of Bitcoinus (BITS) you would like to take off. Take into account the shown fees/minimums. Also make sure you have filled your correct withdraw address. When you're glad, click on “Submit”. You may be requested for phone/email verification before a take off.