A Step-by-Step-Guide on how to buy Educoin (EDU)
Step 1 – Join CEX.io In the beginning you'll need to buy one of the bigger coins. Exchanges usually accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Follow the Link below to register and receive your Ethereum or Bitcoin.
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Exchange now. All exchanges have a deposit form that is alike. Educoin (EDU) is accessible on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Exchange? (Follow this guide) Make sure you have chosen the precise coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etc. In the case you're working with a decentralized exchange, like Airswap or DDEX could be different (Follow our guide).
Step 3 – Locate Educoin (EDU) Once your deposit has been verified, you will immediately have access to your assets and you can initiate buying and trading. To purchase Educoin (EDU) on Binance, you will want to hover over the tab which is called “Exchange” and click on “Basic”. In order to spot Educoin (EDU), you will need to insert the short name of the asset (EDU) into the search-box, which is marked in the image. Make sure you have selected the correct grouping, we have marked this too. Click on “EDU/BTC” to continue.
Step 4 – Purchasing Educoin (EDU) As soon as you've spotted Educoin (EDU), you'll be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). And now we're going to make our Limit Order. The field with the “Price” tag will be automatically filled with the latest rate Educoin (EDU) was sold for. You can change this to your desired rate. The ”Amount” field is the amount of EDU you wish to purchase. The ”Total” field is the whole price in Bitcoin that you will settle for the whole amount of EDU. When you're happy, make a mouse click on “Buy EDU”. Your plan will be filled as soon as a Seller sells their EDU for the price you gave.
Step 5 – Withdraw Educoin (EDU) Unless you're trading, best advise is not to keep coins on an Crypto Exchange for an extended period of time. To take off your Educoin (EDU), go to the tab called “Funds” and click on “Withdraw”. Educoin (EDU) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Educoin (EDU) by using the given drop-down box. Put into the quantity of Educoin (EDU) you would wish to take off. Don't forget the shown fees/minimums. Also make sure you have entered your precise withdraw address. If you're happy, click on “Submit”. You may be asked for verfication via email/phone before a withdrawal.