A Step-by-Step-Guide on how to buy XEL (XEL)
Step 1 – Join CEX.io You'll first need to purchase units of the bigger coins. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Click the button below to register and getting your Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Send Your Funds to an Crypto Exchange Your Ethereum or Bitcoin will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. XEL (XEL) is accessible on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Crypto Exchange? (Just follow this manual) Make sure you've selected the right coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. If you are using a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our how-to).
Step 3 – Locate (XEL) XEL Once your deposit has been affirmed, you will immediately have access to your finances and you can initiate buying and trading. To buy (XEL) XEL on Binance, you will want to go to the tab which is called “Exchange” and then mouse click on “Basic”. To spot (XEL) XEL, you will need to insert the short name of the asset (XEL) into the search box, which is marked in the picture. Make sure you have choosen the right pairing, we have marked this too. Click on “XEL/BTC” to go on.
Step 4 – Buying (XEL) XEL Once you have spotted (XEL) XEL, you will be given a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). Next we're going to make our own Limit Order. The ”Price” field will be filled with the up-to-date price (XEL) XEL was sold for. This can be changed to your favoured rate. The field with the “Amount” tag is the quantity of XEL you wish to buy. The ”Total” field is the aggregated price in BTC that you'll pay for the whole quantity of XEL. When you're happy, click on “Buy XEL”. Your order will be filled when a Seller trades their XEL for the price you introduced.
Step 5 – Withdraw (XEL) XEL Unless you're regularly trading, best advise is not to keep coins on an Crypto Exchange for an extended period of time. In order to withdraw your (XEL) XEL, go to the tab called “Funds” and click on “Withdraw”. (XEL) XEL can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate (XEL) XEL by using the provided drop-down box. Drop in the amount of (XEL) XEL you would wish to withdraw. Take into account the displayed fees/minimums. Also make sure you have filled your precise withdraw address. If you're happy, click on “Submit”. You could be asked for verfication via phone/email ahead of a take off.
Congrats! You've successfully bought and safed XEL (XEL).That's it! Take offs from Exchange can durate anywhere from 1 – 30 minutes (rely on network usage). As soon as you've confirmed your withdrawal with Etherscan.io or Ethplorer.io and the XEL (XEL) is safe within your wallet, you are done.
Some other Guides on How to buy different AltcoinsHow to Buy yUSD Synthetic Token Expiring 1 October 2020
How to Buy Union Fair Coin
How to Buy Altcoins