A Step-by-Step-Guide on how to buy Bitstar (BITS)
Step 1 – Signup to CEX.io In the beginning you'll need to buy one of the bigger coins. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Follow the Link below for registration and getting your Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Send Your Bitcoin or Ethereum to an Cryptocurrency Exchange Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is alike. Bitstar (BITS) is available on Binance, so we're going to use that as an illustration. Unsure on how to send Coinbase funds to an Crypto Exchange? (Just follow this guide) Make sure you've chosen the correct coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, et cetera. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our manual).
Step 3 – Find Bitstar (BITS) As soon as your deposit has been verified, you'll instantly have access to your funds and you can begin invest and trading. To purchase Bitstar (BITS) on Binance, you will want to go to the ”Exchange” tab and after that mouse click on “Basic”. In order to find Bitstar (BITS), you will need to insert the short name of the asset (BITS) into the search-box, which is highlighted in the picture. Make sure you have choosen the right pairing, we've marked this also. Click on “BITS/BTC” to go on.
Step 4 – Acquisition of Bitstar (BITS) Once you have located Bitstar (BITS), you'll be presented with a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). And now we're going to create our own Limit Order. The ”Price” field will be automatically filled with the most up-to-date price Bitstar (BITS) was sold for. This can be changed to your desired price. The ”Amount” field is the quantity of BITS you wish to buy. The ”Total” field is the total price in BTC that you will pay for the whole volumen of BITS. When you are glad, click on “Buy BITS”. Your order will be filled as soon as a Seller sells their BITS for the price you offered.
Step 5 – Withdraw Bitstar (BITS) Unless you are frequently trading, best advise is not to keep crypto on an Exchange for an extended time period. To withdraw your Bitstar (BITS), hover over the tab called “Funds” and mouse click on “Withdraw”. Bitstar (BITS) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Bitstar (BITS) by using the given drop-down box. Drop in the quantity of Bitstar (BITS) you would wish to withdraw. Don't forget the presented fees/minimums. Also make sure you have entered your precise withdraw address. If you are glad, make a mouse click on “Submit”. You could be requested for verfication via email/phone before a take off.