A Step-by-Step-Guide on how to buy Counterparty (XCP)
Step 1 – Join CEX.io In the beginning you'll need to buy one of the bigger coins. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click below to register and to get your Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Send Your Bitcoin or Ethereum to an Crypto Trader Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. Counterparty (XCP) is available on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Crypto Trader? (Just follow this how-to) Make sure you've chosen the correct coin you wish to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etc. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our guide).
Step 3 – Locate Counterparty (XCP) Once your deposit has been approved, you'll instantly have access to your finances and you can initiate invest and trading. To invest in Counterparty (XCP) on Binance, you will want to go to the tab which is called “Exchange” and then click on “Basic”. To discover Counterparty (XCP), you will need to insert the short name of the asset (XCP) into the search box, which is highlighted in the graphic. Be certain of having selected the correct grouping, we've marked this too. Click on “XCP/BTC” to go ahead.
Step 4 – Buy Counterparty (XCP) Once you've found Counterparty (XCP), you will be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). For now we're making our own Limit Order. The ”Price” field will be filled with the most latest price Counterparty (XCP) was sold for. You can change this to your favoured rate. The ”Amount” field is the quantity of XCP you wish to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you will settle for the complete volumen of XCP. If you are satisfied, click on “Buy XCP”. Your order will be filled when a Vendor sells their XCP for the price you introduced.
Step 5 – Withdraw Counterparty (XCP) Unless you are regularly trading, you should never keepyour crypto coins on an Exchange for an extensive period of time. To withdraw your Counterparty (XCP), hover over the ”Funds” tab and mouse click on “Withdraw”. Counterparty (XCP) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Counterparty (XCP) by using the given drop-down box. Drop in the amount of Counterparty (XCP) you would like to withdraw. Take into account the presented minimus/fees. Also make sure you have filled your right withdraw address. If you're glad, click “Submit”. You could be requested for verfication via email/phone ahead of a withdrawal.