A Step-by-Step-Guide on how to buy Elastos (ELA)
Step 1 – Signup to CEX.io You'll first need to buy one of the bigger currencies. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Follow the Link below to register and getting your Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Send Your Funds to an Exchange Your Bitcoin or Ethereum will need to be sent over to an Exchange now. All exchanges have a deposit form that is alike. Elastos (ELA) is available on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Exchange? (Just follow this how-to) Make sure you have selected the precise coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so on. If you're dealing with a decentralized exchange, like Airswap or DDEX could be different (Just follow our manual).
Step 3 – Locate Elastos (ELA) As soon as your deposit has been approved, you will directly have access to your funds and you can start purchasing and trading. To buy Elastos (ELA) on Binance, you will want to go to the tab which is called “Exchange” and after that mouse click on “Basic”. In order to discover Elastos (ELA), you will need to put the cointype (ELA) into the search-box, which is marked in the image. Make sure you have choosen the proper pairing, we've marked this also. Click on “ELA/BTC” to proceed.
Step 4 – Buying Elastos (ELA) Once you have discovered Elastos (ELA), you'll be presented with a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the image). Next we're going to make our own Limit Order. The field with the “Price” tag will be filled with the most latest tariff Elastos (ELA) was traded for. This can be changed to your favoured rate. The ”Amount” field is the amount of ELA you wish to buy. The ”Total” field is the whole price in Bitcoin that you'll settle for the whole amount of ELA. If you are happy, click on “Buy ELA”. Your order will be filled when a Seller trades their ELA for the price you gave.
Step 5 – Withdraw Elastos (ELA) Unless you're frequently trading, you should never keepyour coins on an Crypto Exchange for an extensive period of time. In order to take off your Elastos (ELA), hover over the tab called “Funds” and click on “Withdraw”. Elastos (ELA) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Elastos (ELA) by using the provided drop-down box. Put into the volumen of Elastos (ELA) you would like to take off. Take into account the shown fees/minimums. Also make sure you have entered your right withdraw address. When you're happy, click “Submit”. You could be asked for phone/email verification before a take off.