A Step-by-Step-Guide on how to buy BlockStamp (BST)
Step 1 – Join CEX.io In the beginning you'll need to purchase one of the bigger coins. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Click below to register and getting your ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Exchange Your Bitcoin or Ethereum will need to be sent over to an Exchange now. Every exchange has a deposit form that is identical. BlockStamp (BST) is accessible on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Exchange? (Just follow this how-to) Make sure you've chosen the right coin you would like to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our how-to).
Step 3 – Find BlockStamp (BST) As soon as your deposit has been verified, you will directly have access to your funds and you can launch buying and trading. To invest in BlockStamp (BST) on Binance, you will want to hover over the ”Exchange” tab and then click on “Basic”. To locate BlockStamp (BST), you will need to insert the cointype (BST) into the search-box, which is highlighted in the image. Be certain of having choosen the correct pairing, we have highlighted this also. Click on “BST/BTC” to progress.
Step 4 – Buying BlockStamp (BST) As soon as you've located BlockStamp (BST), you will be given a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). For now we're creating our own Limit Order. The ”Price” field will be filled with the most recent tariff BlockStamp (BST) was traded for. This can be changed to your favoured rate. The ”Amount” field is the quantity of BST you like to purchase. The ”Total” field is the total price in BTC that you will settle for the whole quantity of BST. If you're happy, click on “Buy BST”. Your order will be filled when a Seller trades their BST for the price you offered.
Step 5 – Withdraw (BST) BlockStamp Unless you're regularly trading, you should never keepyour coins on an Crypto Trader for an extensive period of time. To withdraw your (BST) BlockStamp, hover over the tab called “Funds” and click on “Withdraw”. (BST) BlockStamp can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find (BST) BlockStamp by using the provided drop-down box. Drop in the volumen of (BST) BlockStamp you would wish to withdraw. Don't forget the shown fees/minimums. Also make sure you have filled your correct withdraw address. If you're glad, click “Submit”. You could be asked for verfication via phone/email before a withdrawal.