A Step-by-Step-Guide on how to buy Elicoin (ELI)
Step 1 – Signup to Coinbase – Get Free $10 You will first need to purchase one of the bigger coins. Exchanges commonly accept either Bitcoin or Ethereum in exchange for Altcoins. Click below to register and receive your welcome $10.
Step 2 – Transmit Your Funds 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 similar. Elicoin (ELI) is accessible on Binance, so we're going to use that as an sample. Unsure on how to send funds from Coinbase to an Exchange? (Follow this guide) Make sure you have selected the right coin you would like to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you are using a decentralized exchange, such as Airswap or DDEX could be different (Follow these easy steps).
Step 3 – Find Elicoin (ELI) As soon as your deposit has been approved, you will now have access to your funds and you can begin invest and trading. To purchase Elicoin (ELI) on Binance, you will want to go to the tab which is called “Exchange” and click on “Basic”. To discover Elicoin (ELI), you will need to put the shortname of the coin (ELI) into the search-box, which is highlighted in the picture. Be certain of having choosen the right grouping, we've highlighted this too. Click on “ELI/BTC” to go on.
Step 4 – Purchase (ELI) Elicoin As soon as you've found (ELI) Elicoin, you'll be given a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). For now we're going to create our own Limit Order. The field with the “Price” tag will be filled automatically with the latest valuation (ELI) Elicoin was traded for. This can be changed to your desired price. The ”Amount” field is the amount of ELI you wish to buy. The field with the “Total” tag is the total price in Bitcoin that you will pay for the whole amount of ELI. When you're happy, click on “Buy ELI”. Your order will be filled when a Seller sells their ELI for the price you offered.
Step 5 – Withdraw Elicoin (ELI) Unless you're regularly trading, you should never keepyour crypto coins on an Exchange for an extended time period. In order to take off your Elicoin (ELI), hover over the ”Funds” tab and mouse click on “Withdraw”. Elicoin (ELI) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Elicoin (ELI) by using the given drop-down box. Put into the quantity of Elicoin (ELI) you'd wish to take off. Take into account the demonstrated fees/minimums. Also make sure you have filled your right withdraw address. If you're glad, click “Submit”. You could be asked for verfication via phone/email before a withdrawal.