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How to Buy Bytecoin (BCN)

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).

Binance Signup
Step 2 – Transfer Your Ethereum or Bitcoin to an Crypto Trader

Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. Bytecoin (BCN) is available on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Just follow this how-to)

Make sure you've chosen the correct coin you want to deposit.

BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, and so forth. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be different (Just follow these easy steps).

Step 3 – Find Bytecoin (BCN)

Once your deposit has been approved, you will instantly have access to your assets and you can launch buying and trading. To invest in Bytecoin (BCN) on Binance, you will want to hover over the ”Exchange” tab and after that mouse click on “Basic”.

In order to find Bytecoin (BCN), you'll need to put the cointype (BCN) into the search box, which is highlighted in the graphic. Be certain of having selected the proper grouping, we've marked this also. Click on “BCN/BTC” to proceed.

{How to buy Coin on Binance 1|Binance How To Buy 1} Bytecoin (BCN)
Step 4 – Purchasing Bytecoin (BCN)

After you've found Bytecoin (BCN), you'll be given a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the picture). Next we are making our own Limit Order.

The ”Price” field will be automatically filled with the most recent price Bytecoin (BCN) was traded for. This can be changed to your favoured price. The ”Amount” field is the amount of BCN you want to buy. The ”Total” field is the aggregated price in BTC that you'll settle for the whole amount of BCN.

When you're satisfied, make a mouse click on “Buy BCN”. Your order will be filled as soon as a Seller trades their BCN for the price you gave.

Step 5 – Withdraw Bytecoin (BCN)

Unless you are regularly trading, never keep your coins on an Crypto Trader for an longer time frame. To withdraw your Bytecoin (BCN), hover over the ”Funds” tab and click on “Withdraw”. Bytecoin (BCN) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find Bytecoin (BCN) by using the given drop-down box. Drop in the amount of Bytecoin (BCN) you would wish to take off. Don't forget the presented fees/minimums. Also make sure you have entered your correct withdraw address.

When you are glad, make a mouse click on “Submit”. You may be requested for verfication via phone/email before a withdrawal.

Kudos! You have successfully bought and safed Bytecoin (BCN).

That's it!

Withdrawals from Crypto Exchange can durate anywhere from 1 – 30 minutes (depending on network usage). As soon as you have proved your take off using Ethplorer.io or Etherscan.io and the Bytecoin (BCN) is stored inside your wallet, you are done.

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