A Step-by-Step-Guide on how to buy Electronic Gulden (EFL)
Step 1 – Join CEX.io In the beginning you'll need to buy units of the top-tier currencies. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Follow the Link below for registration and getting your ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transfer Your Bitcoin or Ethereum to an Cryptocurrency Exchange Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is identical. Electronic Gulden (EFL) is obtainable on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this guide) Make sure you have selected the correct coin you wish 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 these easy steps).
Step 3 – Locate Electronic Gulden (EFL) As soon as your deposit has been verified, you'll instantly have access to your funds and you can commence buying and trading. To invest in Electronic Gulden (EFL) on Binance, you'll want to go to the ”Exchange” tab and click on “Basic”. To locate Electronic Gulden (EFL), you'll need to insert the shortname of the coin (EFL) into the search-box, which is marked in the picture. Be certain of having selected the proper pairing, we've marked this too. Click on “EFL/BTC” to progress.
Step 4 – Purchasing Electronic Gulden (EFL) As soon as you've found Electronic Gulden (EFL), you'll be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). Next we are going to make our own Limit Order. The ”Price” field will be filled automatically with the recent price Electronic Gulden (EFL) was sold for. This can be changed to your desired price. The ”Amount” field is the amount of EFL you want to buy. The ”Total” field is the aggregated price in Bitcoin that you'll settle for the complete amount of EFL. If you are glad, click on “Buy EFL”. Your plan will be filled when a Vender trades their EFL for the price you offered.
Step 5 – Withdraw Electronic Gulden (EFL) Unless you are trading, you should never keepyour coins on an Cryptocurrency Exchange for an extended time frame. To withdraw your Electronic Gulden (EFL), hover over the ”Funds” tab and click on “Withdraw”. Electronic Gulden (EFL) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Electronic Gulden (EFL) by using the given drop-down box. Put into the volumen of Electronic Gulden (EFL) you would wish to withdraw. Take into account the presented fees/minimums. Also make sure you have entered your correct withdraw address. If you are satisfied, click “Submit”. You could be asked for verfication via phone/email ahead of a withdrawal.