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 – Transmit Your Ethereum or Bitcoin to an Cryptocurrency Exchange Your Ethereum or Bitcoin has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is identical. Bitstar (BITS) is accessible on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this guide) Make sure you've selected the exact coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so forth. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our guide).
Step 3 – Locate Bitstar (BITS) As soon as your deposit has been verified, you will instantly have access to your funds and you can initiate buying and trading. To purchase Bitstar (BITS) on Binance, you will want to hover over the ”Exchange” tab and mouse click on “Basic”. To spot Bitstar (BITS), you will need to insert the short name of the asset (BITS) into the search-box, which is marked in the picture. Make sure you have selected the correct pairing, we've marked this also. Click on “BITS/BTC” to progress.
Step 4 – Purchasing Bitstar (BITS) Once you've found Bitstar (BITS), you will be given a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). Next we're making our Limit Order. The field with the “Price” tag will be filled automatically with the most latest rate Bitstar (BITS) was sold for. This can be changed to your preferred rate. The ”Amount” field is the amount of BITS you want to buy. The ”Total” field is the total price in BTC that you will pay for the whole amount of BITS. When you're glad, click on “Buy BITS”. Your plan will be filled as soon as a Vendor trades their BITS for the price you gave.
Step 5 – Withdraw Bitstar (BITS) Unless you are regularly trading, never keep your crypto coins on an Exchange for an extended period of time. In order to withdraw your Bitstar (BITS), go to the ”Funds” tab and click on “Withdraw”. Bitstar (BITS) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Bitstar (BITS) by using the provided drop-down box. Put into the amount of Bitstar (BITS) you'd wish to withdraw. Take into account the demonstrated minimus/fees. Also make sure you have filled your right withdraw address. If you are happy, make a mouse click on “Submit”. You may be requested for email/phone verification ahead of a withdrawal.