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How to Buy DeFi Bids (BID)

A Step-by-Step-Guide on how to buy DeFi Bids (BID)

Step 1 – Signup to Coinbase and recieve 10$ for free

You'll first need to buy units of the major coins. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Click the button below to register and to get your welcome $10.

Binance Signup
Step 2 – Transfer Your ETH (Ethereum) or BTC (Bitcoin) to an Exchange

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Exchange now. All exchanges have a deposit form that is similar. DeFi Bids (BID) is obtainable on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Exchange? (Follow this guide)

Make sure you've chosen the exact coin you wish to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etcetera. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our how-to).

Step 3 – Locate (BID) DeFi Bids

As soon as your deposit has been affirmed, you'll immediately have access to your funds and you can start purchasing and trading. To purchase (BID) DeFi Bids on Binance, you'll want to go to the tab which is called “Exchange” and click on “Basic”.

In order to find (BID) DeFi Bids, you'll need to insert the cointype (BID) into the search-box, which is marked in the image. Be certain of having choosen the proper grouping, we have marked this also. Click on “BID/BTC” to go on.

{How to buy Coin on Binance 1|Binance How To Buy 1} DeFi Bids (BID)
Step 4 – Purchase (BID) DeFi Bids

Once you have discovered (BID) DeFi Bids, you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). And now we are making our Limit Order.

The field with the “Price” tag will be filled automatically with the up-to-date rate (BID) DeFi Bids was sold for. You can change this to your desired rate. The ”Amount” field is the volumen of BID you like to purchase. The ”Total” field is the whole price in BTC that you'll pay for the whole volumen of BID.

When you're satisfied, click on “Buy BID”. Your plan will be filled when a Vendor trades their BID for the price you offered.

Step 5 – Withdraw DeFi Bids (BID)

Unless you are regularly trading, never keep your coins on an Crypto Exchange for an extensive time period. In order to withdraw your DeFi Bids (BID), go to the tab called “Funds” and click on “Withdraw”. DeFi Bids (BID) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find DeFi Bids (BID) by using the provided drop-down box. Enter the amount of DeFi Bids (BID) you would like to withdraw. Take into account the shown fees/minimums. Also make sure you have entered your correct withdraw address.

If you are glad, click on “Submit”. You could be requested for email/phone verification ahead of a take off.

Congratulations! You have successfully purchased and stored (BID) DeFi Bids.

That's it!

Take offs from Exchange can durate anywhere from 1 – 30 minutes (depending on usage of the network). As soon as you've proved your take off using Ethplorer.io or Etherscan.io and the (BID) DeFi Bids is safe inside your wallet, you are finished.