A Step-by-Step-Guide on how to buy BiTing (BTFM)
Step 1 – Join Coinbase and recieve 10$ for free You'll first need to buy units of the bigger coins. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Click the button below to register and receive your welcome $10.
Step 2 – Transfer Your Bitcoin or Ethereum to an Exchange Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Exchange now. Every exchange has a deposit form that is alike. BiTing (BTFM) is obtainable on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Exchange? (Just follow this manual) 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, et cetera. If you are dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our guide).
Step 3 – Find BiTing (BTFM) Once your deposit has been approved, you will immediately have access to your assets and you can begin purchasing and trading. To purchase BiTing (BTFM) on Binance, you will want to hover over the ”Exchange” tab and after that click on “Basic”. To locate BiTing (BTFM), you will need to insert the short name of the asset (BTFM) into the search-box, which is marked in the image. Make sure you have choosen the correct grouping, we have marked this too. Click on “BTFM/BTC” to go on.
Step 4 – Buy BiTing (BTFM) After you've spotted BiTing (BTFM), you'll be given a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). For now we're going to create our Limit Order. The ”Price” field will be automatically filled with the most recent price BiTing (BTFM) was sold for. You can change this to your preferred price. The ”Amount” field is the quantity of BTFM you wish to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you will settle for the whole quantity of BTFM. When you're happy, make a mouse click on “Buy BTFM”. Your order will be filled when a Vendor trades their BTFM for the price you offered.
Step 5 – Withdraw (BTFM) BiTing Unless you're regularly trading, best advise is not to keep your crypto coins on an Exchange for an extended time frame. In order to withdraw your (BTFM) BiTing, go to the tab called “Funds” and click on “Withdraw”. (BTFM) BiTing can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find (BTFM) BiTing by using the provided drop-down box. Enter the volumen of (BTFM) BiTing you would like to withdraw. Take into account the presented minimus/fees. Also make sure you have entered your right withdraw address. If you're happy, make a mouse click on “Submit”. You may be asked for verfication via email/phone ahead of a withdrawal.