A Step-by-Step-Guide on how to buy ChanCoin (CHAN)
Step 1 – Signup to CEX.io You'll first need to purchase one of the top-tier currencies. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click below to register and receive your Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transfer Your Funds to an Crypto Trader Your Ethereum or Bitcoin will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is identical. ChanCoin (CHAN) is available on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Crypto Trader? (Just follow this guide) Make sure you've 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 are dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow these easy steps).
Step 3 – Locate ChanCoin (CHAN) Once your deposit has been approved, you'll instantly have access to your assets and you can launch buying and trading. To invest in ChanCoin (CHAN) on Binance, you'll want to hover over the tab which is called “Exchange” and after that click on “Basic”. In order to spot ChanCoin (CHAN), you'll need to put the shortname of the coin (CHAN) into the search box, which is marked in the picture. Make sure you have selected the proper grouping, we've marked this also. Click on “CHAN/BTC” to proceed.
Step 4 – Buy ChanCoin (CHAN) As soon as you have found ChanCoin (CHAN), you'll be presented with 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 Limit Order. The ”Price” field will be filled with the most recent price ChanCoin (CHAN) was sold for. This can be changed to your preferred rate. The ”Amount” field is the amount of CHAN you want to buy. The field with the “Total” tag is the total price in Bitcoin that you'll pay for the whole amount of CHAN. If you are satisfied, click on “Buy CHAN”. Your order will be filled when a Seller sells their CHAN for the price you submitted.
Step 5 – Withdraw ChanCoin (CHAN) Unless you are regularly trading, best advise is not to keep coins on an Crypto Trader for an longer time period. In order to take off your ChanCoin (CHAN), hover over the tab called “Funds” and click on “Withdraw”. ChanCoin (CHAN) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate ChanCoin (CHAN) by using the provided drop-down box. Enter the amount of ChanCoin (CHAN) you'd like to take off. Take into account the shown minimus/fees. Also make sure you have entered your correct withdraw address. If you are satisfied, make a mouse click on “Submit”. You could be asked for verfication via email/phone before a withdrawal.