A Step-by-Step-Guide on how to buy Digital Money Bits (DMB)
Step 1 – Join CEX.io You'll first need to purchase units of the top-tier currencies. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Follow the Link below to register and to get your ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transmit Your Funds to an Crypto Trader Your Bitcoin or Ethereum has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. Digital Money Bits (DMB) is available on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Trader? (Just follow this guide) Make sure you have chosen the correct coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so forth. If you are working with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our how-to).
Step 3 – Find Digital Money Bits (DMB) As soon as your deposit has been confirmed, you will now have access to your finances and you can begin purchasing and trading. To purchase Digital Money Bits (DMB) on Binance, you will want to go to the tab which is called “Exchange” and mouse click on “Basic”. In order to find Digital Money Bits (DMB), you will need to insert the cointype (DMB) into the search box, which is marked in the picture. Make sure you have choosen the correct grouping, we've marked this too. Click on “DMB/BTC” to progress.
Step 4 – Purchase Digital Money Bits (DMB) As soon as you've spotted Digital Money Bits (DMB), you'll be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). And now we're going to make our own Limit Order. The ”Price” field will be filled automatically with the most latest rate Digital Money Bits (DMB) was sold for. You can change this to your desired price. The ”Amount” field is the volumen of DMB you want to buy. The ”Total” field is the total price in BTC that you will pay for the complete volumen of DMB. If you're glad, make a mouse click on “Buy DMB”. Your order will be filled when a Vender sells their DMB for the price you offered.
Step 5 – Withdraw Digital Money Bits (DMB) Unless you're regularly trading, you should never keepyour crypto coins on an Crypto Trader for an longer time period. In order to withdraw your Digital Money Bits (DMB), go to the ”Funds” tab and click on “Withdraw”. Digital Money Bits (DMB) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Digital Money Bits (DMB) by using the provided drop-down box. Drop in the volumen of Digital Money Bits (DMB) you would like to withdraw. Take into account the shown fees/minimums. Also make sure you have filled your correct withdraw address. When you're glad, click on “Submit”. You could be requested for phone/email verification ahead of a withdrawal.