A Step-by-Step-Guide on how to buy BlackCoin (BLK)
Step 1 – Signup to CEX.io You'll first need to purchase units of the major currencies. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click below to register and to get your Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transfer Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Exchange Your Bitcoin or Ethereum has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is identical. BlackCoin (BLK) is accessible on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Crypto Exchange? (Just follow this guide) Make sure you've chosen the correct coin you would like to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etc. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our guide).
Step 3 – Locate BlackCoin (BLK) Once your deposit has been affirmed, you'll immediately have access to your funds and you can initiate buying and trading. To buy BlackCoin (BLK) on Binance, you'll want to go to the tab which is called “Exchange” and then mouse click on “Basic”. In order to spot BlackCoin (BLK), you'll need to insert the cointype (BLK) into the search box, which is marked in the image. Be certain of having selected the right grouping, we have marked this too. Click on “BLK/BTC” to progress.
Step 4 – Purchase BlackCoin (BLK) As soon as you have located BlackCoin (BLK), 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 make our own Limit Order. The field with the “Price” tag will be filled with the latest price BlackCoin (BLK) was traded for. You can change this to your preferred price. The ”Amount” field is the volumen of BLK you want to buy. The ”Total” field is the aggregated price in Bitcoin that you'll pay for the complete volumen of BLK. When you're happy, click on “Buy BLK”. Your plan will be filled as soon as a Vendor sells their BLK for the price you introduced.
Step 5 – Withdraw BlackCoin (BLK) Unless you're frequently trading, you should never keepyour coins on an Exchange for an extensive time period. In order to withdraw your BlackCoin (BLK), go to the tab called “Funds” and click on “Withdraw”. BlackCoin (BLK) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find BlackCoin (BLK) by using the provided drop-down box. Drop in the quantity of BlackCoin (BLK) you'd like to withdraw. Don't forget the shown minimus/fees. Also make sure you have entered your right withdraw address. If you're satisfied, click “Submit”. You may be asked for verfication via phone/email before a take off.