A Step-by-Step-Guide on how to buy BitSend (BSD)
Step 1 – Signup to CEX.io You'll first need to buy units of the top-tier currencies. Exchanges usually accept either Bitcoin or Ethereum in exchange for Altcoins. Click below for registration and receive your Bitcoin or Ethereum.
Step 2 – Send Your Bitcoin or Ethereum to an Crypto Exchange Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. BitSend (BSD) is available on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this how-to) Make sure you have selected the exact coin you want to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so forth. 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 BitSend (BSD) As soon as your deposit has been approved, you will immediately have access to your finances and you can start buying and trading. To invest in BitSend (BSD) on Binance, you'll want to go to the ”Exchange” tab and then mouse click on “Basic”. In order to locate BitSend (BSD), you'll need to put the short name of the asset (BSD) into the search-box, which is marked in the image. Make sure you have selected the correct grouping, we have marked this also. Click on “BSD/BTC” to progress.
Step 4 – Purchase BitSend (BSD) As soon as you have spotted BitSend (BSD), you'll be given a Price Chart (in the Center of the picture) and some Order Books (on the Left of the image). For now we are going to create our own Limit Order. The ”Price” field will be automatically filled with the most up-to-date price BitSend (BSD) was sold for. This can be changed to your favoured rate. The ”Amount” field is the quantity of BSD you want to buy. The field with the “Total” tag is the total price in Bitcoin that you'll pay for the complete amount of BSD. If you're glad, click on “Buy BSD”. Your plan will be filled when a Vender sells their BSD for the price you offered.
Step 5 – Withdraw BitSend (BSD) Unless you're regularly trading, you should never keepyour crypto on an Cryptocurrency Exchange for an longer time frame. To withdraw your BitSend (BSD), go to the ”Funds” tab and mouse click on “Withdraw”. BitSend (BSD) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find BitSend (BSD) by using the provided drop-down box. Drop in the amount of BitSend (BSD) you'd like to withdraw. Take into account the shown fees/minimums. Also make sure you have filled your correct withdraw address. If you're glad, make a mouse click on “Submit”. You could be requested for verfication via email/phone before a take off.