A Step-by-Step-Guide on how to buy Bonpay (BON)
Step 1 – Signup to CEX.io In the beginning you'll need to purchase one of the top-tier currencies. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click below to register and to get your Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto 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 identical. Bonpay (BON) is available on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Crypto Exchange? (Follow this guide) Make sure you have selected the exact coin you want to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, etc. If you're using a decentralized exchange, like Airswap or DDEX could be different (Just follow our how-to).
Step 3 – Locate Bonpay (BON) Once your deposit has been approved, you will directly have access to your finances and you can begin purchasing and trading. To buy Bonpay (BON) on Binance, you will want to go to the tab which is called “Exchange” and then mouse click on “Basic”. In order to discover Bonpay (BON), you will need to insert the short name of the asset (BON) into the search box, which is highlighted in the graphic. Make sure you have choosen the proper pairing, we've highlighted this too. Click on “BON/BTC” to advance.
Step 4 – Acquisition of Bonpay (BON) Once you have spotted Bonpay (BON), you will be given a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the image). And now we're going to make our own Limit Order. The field with the “Price” tag will be automatically filled with the most latest tariff Bonpay (BON) was sold for. This can be changed to your favoured price. The field with the “Amount” tag is the quantity of BON you want to purchase. The field with the “Total” tag is the whole price in BTC that you will pay for the complete volumen of BON. When you are glad, make a mouse click on “Buy BON”. Your order will be filled when a Vendor sells their BON for the price you submitted.
Step 5 – Withdraw Bonpay (BON) Unless you're regularly trading, you should never keepyour coins on an Crypto Exchange for an longer time period. In order to take off your Bonpay (BON), go to the ”Funds” tab and mouse click on “Withdraw”. Bonpay (BON) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Bonpay (BON) by using the provided drop-down box. Enter the amount of Bonpay (BON) you'd wish to take off. Don't forget the displayed minimus/fees. Also make sure you have entered your correct withdraw address. If you're satisfied, make a mouse click on “Submit”. You could be requested for email/phone verification before a take off.