A Step-by-Step-Guide on how to buy Bytecoin (BCN)
Step 1 – Join Coinbase and recieve 10$ for free You will first need to buy one of the bigger currencies. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Follow the Link below for registration and receive your welcome 10 Dollar.
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Exchange Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Exchange now. Every exchange has a deposit form that is identical. 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 Exchange? (Follow these easy steps) Make sure you have chosen the right coin you would like to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so on. In the case you're working with a decentralized exchange, like Airswap or DDEX could be unlike (Follow these easy steps).
Step 3 – Locate (BCN) Bytecoin Once your deposit has been approved, you'll instantly have access to your finances and you can begin purchasing and trading. To purchase (BCN) Bytecoin on Binance, you'll want to go to the ”Exchange” tab and mouse click on “Basic”. In order to spot (BCN) Bytecoin, you'll need to put the short name of the asset (BCN) into the search-box, which is marked in the graphic. Be certain of having choosen the correct grouping, we've marked this also. Click on “BCN/BTC” to continue.
Step 4 – Buy (BCN) Bytecoin As soon as you have found (BCN) Bytecoin, you'll be given a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). For now we're going to create our Limit Order. The field with the “Price” tag will be filled automatically with the most recent price (BCN) Bytecoin was traded for. This can be changed to your favoured rate. The ”Amount” field is the amount of BCN you want to buy. The field with the “Total” tag is the total price in BTC that you will settle for the complete amount of BCN. If you're satisfied, click on “Buy BCN”. Your order will be filled as soon as a Seller sells their BCN for the price you introduced.
Step 5 – Withdraw (BCN) Bytecoin Unless you're frequently trading, you should never keepyour coins on an Crypto Exchange for an longer period of time. To withdraw your (BCN) Bytecoin, hover over the tab called “Funds” and click on “Withdraw”. (BCN) Bytecoin can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find (BCN) Bytecoin by using the given drop-down box. Drop in the volumen of (BCN) Bytecoin you'd wish to withdraw. Take into account the displayed fees/minimums. Also make sure you have filled your precise withdraw address. When you're happy, make a mouse click on “Submit”. You may be requested for email/phone verification ahead of a take off.