A Step-by-Step-Guide on how to buy BitMoney (BIT)
Step 1 – Signup to CEX.io You will first need to purchase units of the bigger currencies. Exchanges commonly accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Click below to register and to get your Bitcoin or Ethereum.
Step 2 – Transmit Your Ethereum or Bitcoin to an Exchange Your Ethereum or Bitcoin has to be sent over to an Exchange now. Every exchange has a deposit form that is similar. BitMoney (BIT) is available on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Exchange? (Just follow this guide) Make sure you've selected the precise coin you wish to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so forth. If you are using a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our guide).
Step 3 – Find BitMoney (BIT) Once your deposit has been affirmed, you'll instantly have access to your assets and you can commence invest and trading. To purchase BitMoney (BIT) on Binance, you'll want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”. In order to locate BitMoney (BIT), you'll need to put the short name of the asset (BIT) into the search-box, which is highlighted in the picture. Make sure you have selected the correct grouping, we've highlighted this also. Click on “BIT/BTC” to continue.
Step 4 – Buy BitMoney (BIT) Once you've located BitMoney (BIT), you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). Next we are going to make our own Limit Order. The ”Price” field will be filled with the most up-to-date price BitMoney (BIT) was traded for. This can be changed to your preferred rate. The field with the “Amount” tag is the volumen of BIT you want to purchase. The field with the “Total” tag is the aggregated price in BTC that you'll settle for the complete volumen of BIT. If you're glad, click on “Buy BIT”. Your order will be filled when a Vender sells their BIT for the price you submitted.
Step 5 – Withdraw BitMoney (BIT) Unless you are trading, best advise is not to keep crypto coins on an Cryptocurrency Exchange for an extended time frame. In order to take off your BitMoney (BIT), go to the ”Funds” tab and click on “Withdraw”. BitMoney (BIT) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find BitMoney (BIT) by using the given drop-down box. Enter the volumen of BitMoney (BIT) you would wish to take off. Take into account the shown minimus/fees. Also make sure you have filled your right withdraw address. If you are glad, make a mouse click on “Submit”. You may be requested for phone/email verification before a take off.