A Step-by-Step-Guide on how to buy DigitalBits (XDB)
Step 1 – Signup to CEX.io You'll first need to buy units of the major coins. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Click below to register and to get your Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transfer Your Ethereum or Bitcoin to an Exchange Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Exchange now. All exchanges have a deposit form that is alike. DigitalBits (XDB) is obtainable on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Exchange? (Just follow these easy steps) Make sure you've chosen the exact coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so on. In the case you are using a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our manual).
Step 3 – Locate DigitalBits (XDB) Once your deposit has been approved, you will instantly have access to your assets and you can initiate purchasing and trading. To invest in DigitalBits (XDB) on Binance, you will want to go to the ”Exchange” tab and after that mouse click on “Basic”. To locate DigitalBits (XDB), you will need to put the cointype (XDB) into the search box, which is highlighted in the picture. Be certain of having choosen the proper grouping, we have highlighted this too. Click on “XDB/BTC” to progress.
Step 4 – Buying DigitalBits (XDB) After you have found DigitalBits (XDB), you will be presented with a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). And now we're going to make our Limit Order. The field with the “Price” tag will be filled with the most recent valuation DigitalBits (XDB) was sold for. You can change this to your preferred rate. The ”Amount” field is the amount of XDB you want to buy. The ”Total” field is the aggregated price in BTC that you'll settle for the complete amount of XDB. If you are happy, make a mouse click on “Buy XDB”. Your plan will be filled when a Vendor trades their XDB for the price you offered.
Step 5 – Withdraw DigitalBits (XDB) Unless you're regularly trading, never keep your coins on an Exchange for an extensive time frame. In order to withdraw your DigitalBits (XDB), hover over the tab called “Funds” and click on “Withdraw”. DigitalBits (XDB) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find DigitalBits (XDB) by using the provided drop-down box. Drop in the quantity of DigitalBits (XDB) you would wish to withdraw. Take into account the displayed fees/minimums. Also make sure you have entered your right withdraw address. If you're happy, click “Submit”. You could be asked for phone/email verification ahead of a take off.