A Step-by-Step-Guide on how to buy BitcoinX (BCX)
Step 1 – Join Coinbase and get 10$ for free You will first need to buy one of the bigger coins. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click below for registration and receive your first $10.
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) 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 alike. BitcoinX (BCX) is available on Binance, so we're going to use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Trader? (Just follow this guide) Make sure you've selected the correct coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you're using a decentralized exchange, like Airswap or DDEX could be unlike (Just follow these easy steps).
Step 3 – Find BitcoinX (BCX) Once your deposit has been affirmed, you will now have access to your finances and you can launch invest and trading. To purchase BitcoinX (BCX) on Binance, you will want to go to the ”Exchange” tab and after that mouse click on “Basic”. In order to spot BitcoinX (BCX), you will need to put the shortname of the coin (BCX) into the search box, which is marked in the image. Be certain of having selected the correct pairing, we've marked this also. Click on “BCX/BTC” to go ahead.
Step 4 – Purchasing BitcoinX (BCX) Once you have spotted BitcoinX (BCX), you'll be given a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). For now we are going to create our own Limit Order. The field with the “Price” tag will be automatically filled with the latest rate BitcoinX (BCX) was traded for. You can change this to your preferred price. The field with the “Amount” tag is the quantity of BCX you wish to purchase. The field with the “Total” tag is the total price in BTC that you will pay for the whole quantity of BCX. If you are happy, click on “Buy BCX”. Your order will be filled when a Vendor trades their BCX for the price you offered.
Step 5 – Withdraw BitcoinX (BCX) Unless you are trading, best advise is not to keep crypto on an Crypto Exchange for an longer time frame. In order to withdraw your BitcoinX (BCX), hover over the ”Funds” tab and mouse click on “Withdraw”. BitcoinX (BCX) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate BitcoinX (BCX) by using the given drop-down box. Drop in the volumen of BitcoinX (BCX) you would wish to withdraw. Don't forget the presented minimus/fees. Also make sure you have filled your right withdraw address. When you are happy, make a mouse click on “Submit”. You could be requested for email/phone verification before a withdrawal.