A Step-by-Step-Guide on how to buy Bytecoin (BCN)
Step 1 – Join CEX.io You'll first need to buy units of the bigger currencies. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Follow the Link below for registration and receive your ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Cryptocurrency Exchange Your Ethereum or Bitcoin will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is identical. Bytecoin (BCN) is available on Binance, so we're going to use that as an illustration. Unsure on how to send Coinbase funds to an Exchange? (Just follow this manual) Make sure you have selected the right coin you wish to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so on. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be unlike (Follow these easy steps).
Step 3 – Locate Bytecoin (BCN) Once your deposit has been verified, you'll immediately have access to your finances and you can launch purchasing and trading. To purchase Bytecoin (BCN) on Binance, you will want to hover over the ”Exchange” tab and then mouse click on “Basic”. In order to discover Bytecoin (BCN), you will need to put the shortname of the coin (BCN) into the search box, which is marked in the image. Be certain of having choosen the proper pairing, we've highlighted this too. Click on “BCN/BTC” to continue.
Step 4 – Acquisition of Bytecoin (BCN) Once you've spotted Bytecoin (BCN), you will be given a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). Next we are going to create our own Limit Order. The field with the “Price” tag will be filled with the most up-to-date rate Bytecoin (BCN) was sold for. You can change this to your desired rate. The ”Amount” field is the volumen of BCN you wish to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you'll pay for the complete quantity of BCN. When you are satisfied, make a mouse click on “Buy BCN”. Your order will be filled when a Vender trades their BCN for the price you introduced.
Step 5 – Withdraw Bytecoin (BCN) Unless you're regularly trading, best advise is not to keep your coins on an Exchange for an extended time frame. In order to withdraw your Bytecoin (BCN), go to the tab called “Funds” and mouse click on “Withdraw”. Bytecoin (BCN) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Bytecoin (BCN) by using the provided drop-down box. Enter the quantity of Bytecoin (BCN) you would wish to withdraw. Take into account the shown fees/minimums. Also make sure you have entered your correct withdraw address. When you are satisfied, make a mouse click on “Submit”. You may be asked for verfication via phone/email ahead of a withdrawal.