A Step-by-Step-Guide on how to buy Bytecoin (BCN)
Step 1 – Join CEX.io You will first need to buy units of the top-tier coins. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Follow the Link below for registration and receive your Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transmit Your ETH (Ethereum) or BTC (Bitcoin) to an Cryptocurrency Exchange Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. Bytecoin (BCN) is obtainable 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 this guide) Make sure you have selected the precise coin you wish to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etc. If you're using a decentralized exchange, such as Airswap or DDEX could be different (Just follow these easy steps).
Step 3 – Locate (BCN) Bytecoin Once your deposit has been affirmed, you will directly have access to your finances and you can start purchasing and trading. To purchase (BCN) Bytecoin on Binance, you will want to hover over the ”Exchange” tab and then mouse click on “Basic”. To find (BCN) Bytecoin, you will need to put the cointype (BCN) into the search box, which is marked in the graphic. Be certain of having selected the proper pairing, we have marked this too. Click on “BCN/BTC” to progress.
Step 4 – Purchasing Bytecoin (BCN) As soon as you've found Bytecoin (BCN), you will be presented with a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the image). And now we are going to make our own Limit Order. The ”Price” field will be automatically filled with the most up-to-date rate Bytecoin (BCN) was traded for. This can be changed to your desired rate. The field with the “Amount” tag is the quantity of BCN you wish to purchase. The ”Total” field is the aggregated price in BTC that you will pay for the complete quantity of BCN. If you are glad, click on “Buy BCN”. Your plan will be filled as soon as a Vender trades their BCN for the price you offered.
Step 5 – Withdraw Bytecoin (BCN) Unless you're regularly trading, best advise is not to keep crypto on an Cryptocurrency Exchange for an extensive time frame. 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 instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Bytecoin (BCN) by using the provided drop-down box. Drop in the amount of Bytecoin (BCN) you'd like to withdraw. Don't forget the shown minimus/fees. Also make sure you have filled your right withdraw address. If you're satisfied, click “Submit”. You could be requested for verfication via email/phone ahead of a take off.