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How to Buy Blockidcoin (BID)

A Step-by-Step-Guide on how to buy Blockidcoin (BID)

Step 1 – Signup to Coinbase and recieve 10$ for free

In the beginning you'll need to buy units of the major coins. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click below to register and receive your first 10 Dollar.

Binance Signup
Step 2 – Send Your Ethereum (ETH) or Bitcoin (BTC) to an Cryptocurrency Exchange

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. Blockidcoin (BID) is available on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow these easy steps)

Make sure you've selected the precise coin you wish to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. If you're working with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our guide).

Step 3 – Find Blockidcoin (BID)

As soon as your deposit has been confirmed, you will instantly have access to your finances and you can start purchasing and trading. To invest in Blockidcoin (BID) on Binance, you will want to hover over the ”Exchange” tab and after that click on “Basic”.

In order to locate Blockidcoin (BID), you will need to put the cointype (BID) into the search-box, which is highlighted in the picture. Make sure you have choosen the right pairing, we have highlighted this too. Click on “BID/BTC” to go ahead.

{How to buy Coin on Binance 1|Binance How To Buy 1} Blockidcoin (BID)
Step 4 – Acquisition of Blockidcoin (BID)

After you have spotted Blockidcoin (BID), you will be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). And now we're making our Limit Order.

The ”Price” field will be filled automatically with the most up-to-date tariff Blockidcoin (BID) was traded for. You can change this to your preferred price. The ”Amount” field is the quantity of BID you wish to buy. The field with the “Total” tag is the whole price in Bitcoin that you will pay for the complete quantity of BID.

When you're satisfied, click on “Buy BID”. Your order will be filled as soon as a Vender sells their BID for the price you offered.

Step 5 – Withdraw (BID) Blockidcoin

Unless you are trading, you should never keepyour coins on an Exchange for an longer period of time. In order to take off your (BID) Blockidcoin, hover over the tab called “Funds” and click on “Withdraw”. (BID) Blockidcoin can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find (BID) Blockidcoin by using the provided drop-down box. Enter the amount of (BID) Blockidcoin you'd like to take off. Don't forget the displayed fees/minimums. Also make sure you have filled your right withdraw address.

When you are satisfied, make a mouse click on “Submit”. You may be asked for email/phone verification ahead of a take off.

Congratulations! You've successfully purchased and safed (BID) Blockidcoin.

That's it!

Withdrawals from Crypto Exchange can durate between 1 – 30 minutes (rely on usage of the network). Once you've confirmed your take off with Etherscan.io or Ethplorer.io and the (BID) Blockidcoin is stored within your wallet, you are all done.