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 Funds to an Crypto Trader Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. Bytecoin (BCN) is available on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Trader? (Just follow this guide) Make sure you have chosen the precise coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etc. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow these easy steps).
Step 3 – Locate Bytecoin (BCN) As soon as your deposit has been affirmed, you will directly have access to your funds and you can commence buying and trading. To buy Bytecoin (BCN) on Binance, you will want to go to the tab which is called “Exchange” and mouse click on “Basic”. To find Bytecoin (BCN), you will need to insert the shortname of the coin (BCN) into the search box, which is highlighted in the graphic. Make sure you have choosen the correct grouping, we've highlighted this also. Click on “BCN/BTC” to advance.
Step 4 – Purchasing Bytecoin (BCN) After you have discovered Bytecoin (BCN), you will be given a Chart with Prices (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 automatically filled with the most recent tariff Bytecoin (BCN) was traded for. This can be changed to your favoured rate. The field with the “Amount” tag is the quantity of BCN you like to buy. The field with the “Total” tag is the whole price in BTC that you will pay for the complete quantity of BCN. When you're glad, make a mouse click on “Buy BCN”. Your plan will be filled as soon as a Vendor trades their BCN for the price you submitted.
Step 5 – Withdraw Bytecoin (BCN) Unless you are regularly trading, never keep your crypto coins on an Exchange for an extensive time frame. To take off your Bytecoin (BCN), go to the tab called “Funds” and mouse click on “Withdraw”. Bytecoin (BCN) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Bytecoin (BCN) by using the provided drop-down box. Enter the amount of Bytecoin (BCN) you would wish to take off. Don't forget the demonstrated fees/minimums. Also make sure you have entered your correct withdraw address. If you are satisfied, make a mouse click on “Submit”. You may be requested for verfication via phone/email ahead of a take off.