A Step-by-Step-Guide on how to buy Edenchain (EDN)
Step 1 – Signup to CEX.io You will first need to buy units of the major currencies. Exchanges usually accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click below for registration and to get your Ethereum or Bitcoin.
Step 2 – Send Your Funds to an Crypto Exchange Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is identical. Edenchain (EDN) is accessible on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Crypto Exchange? (Just follow this how-to) Make sure you have selected the precise coin you wish to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. In the case you are using a decentralized exchange, like Airswap or DDEX could be different (Just follow our how-to).
Step 3 – Locate Edenchain (EDN) As soon as your deposit has been confirmed, you'll directly have access to your assets and you can start buying and trading. To purchase Edenchain (EDN) on Binance, you'll want to hover over the ”Exchange” tab and then click on “Basic”. In order to find Edenchain (EDN), you'll need to insert the short name of the asset (EDN) into the search box, which is marked in the image. Be certain of having choosen the correct grouping, we've marked this too. Click on “EDN/BTC” to proceed.
Step 4 – Acquisition of Edenchain (EDN) After you have discovered Edenchain (EDN), you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). Next we are going to make our own Limit Order. The ”Price” field will be filled with the most latest price Edenchain (EDN) was sold for. This can be changed to your preferred price. The field with the “Amount” tag is the amount of EDN you want to buy. The field with the “Total” tag is the total price in BTC that you will settle for the whole amount of EDN. When you're satisfied, click on “Buy EDN”. Your order will be filled as soon as a Vendor trades their EDN for the price you introduced.
Step 5 – Withdraw Edenchain (EDN) Unless you're regularly trading, never keep your crypto coins on an Crypto Exchange for an extensive period of time. To withdraw your Edenchain (EDN), hover over the tab called “Funds” and mouse click on “Withdraw”. Edenchain (EDN) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Edenchain (EDN) by using the provided drop-down box. Drop in the volumen of Edenchain (EDN) you would like to withdraw. Don't forget the presented fees/minimums. Also make sure you have filled your right withdraw address. When you're glad, click “Submit”. You could be asked for verfication via phone/email ahead of a withdrawal.