A Step-by-Step-Guide on how to buy Eltcoin (ELTCOIN)
Step 1 – Signup to CEX.io In the beginning you'll need to purchase one of the major coins. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click below for registration and receive your ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) to an Exchange Your Ethereum or Bitcoin will need to be sent over to an Exchange now. Every exchange has a deposit form that is alike. Eltcoin (ELTCOIN) is available on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Exchange? (Follow this manual) Make sure you've selected the right coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. In the case you're using a decentralized exchange, like Airswap or DDEX could be different (Follow our manual).
Step 3 – Find Eltcoin (ELTCOIN) Once your deposit has been confirmed, you'll now have access to your assets and you can launch invest and trading. To purchase Eltcoin (ELTCOIN) on Binance, you'll want to hover over the tab which is called “Exchange” and then mouse click on “Basic”. In order to find Eltcoin (ELTCOIN), you'll need to insert the short name of the asset (ELTCOIN) into the search-box, which is marked in the image. Be certain of having choosen the correct pairing, we've marked this also. Click on “ELTCOIN/BTC” to continue.
Step 4 – Buying Eltcoin (ELTCOIN) Once you've found Eltcoin (ELTCOIN), you'll be given a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the image). Next we're creating our own Limit Order. The ”Price” field will be filled automatically with the up-to-date tariff Eltcoin (ELTCOIN) was traded for. You can change this to your desired rate. The ”Amount” field is the amount of ELTCOIN you want to purchase. The field with the “Total” tag is the whole price in Bitcoin that you'll pay for the whole amount of ELTCOIN. If you're glad, click on “Buy ELTCOIN”. Your plan will be filled when a Vendor trades their ELTCOIN for the price you introduced.
Step 5 – Withdraw Eltcoin (ELTCOIN) Unless you're trading, best advise is not to keep coins on an Cryptocurrency Exchange for an longer time period. In order to take off your Eltcoin (ELTCOIN), go to the tab called “Funds” and click on “Withdraw”. Eltcoin (ELTCOIN) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Eltcoin (ELTCOIN) by using the provided drop-down box. Drop in the quantity of Eltcoin (ELTCOIN) you would like to take off. Don't forget the shown fees/minimums. Also make sure you have entered your correct withdraw address. If you're satisfied, make a mouse click on “Submit”. You could be asked for verfication via email/phone ahead of a take off.