A Step-by-Step-Guide on how to buy Encocoin (XNK)
Step 1 – Signup to Coinbase and get 10$ for free In the beginning you'll need to purchase units of the bigger currencies. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click below for registration and to get your first 10 Dollar.
Step 2 – Transfer Your ETH (Ethereum) or BTC (Bitcoin) to an Exchange Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Exchange now. Every exchange has a deposit form that is identical. Encocoin (XNK) is obtainable on Binance, so we're going to use that as an illustration. Unsure on how to send Coinbase funds to an Exchange? (Just follow this guide) Make sure you've chosen the precise coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etc. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our guide).
Step 3 – Find Encocoin (XNK) Once your deposit has been verified, you will immediately have access to your funds and you can initiate purchasing and trading. To invest in Encocoin (XNK) on Binance, you will want to hover over the tab which is called “Exchange” and mouse click on “Basic”. In order to spot Encocoin (XNK), you will need to insert the cointype (XNK) into the search box, which is marked in the graphic. Be certain of having choosen the proper grouping, we've marked this too. Click on “XNK/BTC” to proceed.
Step 4 – Buy (XNK) Encocoin Once you've found (XNK) Encocoin, you will be given a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). Next we are creating our own Limit Order. The field with the “Price” tag will be filled with the up-to-date rate (XNK) Encocoin was traded for. You can change this to your favoured rate. The field with the “Amount” tag is the volumen of XNK you want to buy. The field with the “Total” tag is the whole price in Bitcoin that you'll pay for the complete volumen of XNK. If you are satisfied, make a mouse click on “Buy XNK”. Your plan will be filled as soon as a Vendor trades their XNK for the price you introduced.
Step 5 – Withdraw Encocoin (XNK) Unless you are trading, best advise is not to keep your crypto on an Cryptocurrency Exchange for an extended time frame. To withdraw your Encocoin (XNK), hover over the ”Funds” tab and mouse click on “Withdraw”. Encocoin (XNK) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Encocoin (XNK) by using the provided drop-down box. Put into the quantity of Encocoin (XNK) you'd like to withdraw. Don't forget the presented minimus/fees. Also make sure you have filled your precise withdraw address. If you are satisfied, click on “Submit”. You could be requested for phone/email verification ahead of a withdrawal.