A Step-by-Step-Guide on how to buy Fedoracoin (TIPS)
Step 1 – Join CEX.io In the beginning you'll need to purchase one of the bigger coins. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Follow the Link below to register and to get your Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Send Your Funds to an Cryptocurrency Exchange Your Ethereum or Bitcoin will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. Fedoracoin (TIPS) is obtainable on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this manual) Make sure you've chosen the correct coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etc. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our how-to).
Step 3 – Find Fedoracoin (TIPS) As soon as your deposit has been approved, you will directly have access to your funds and you can start buying and trading. To invest in Fedoracoin (TIPS) on Binance, you will want to hover over the tab which is called “Exchange” and click on “Basic”. To locate Fedoracoin (TIPS), you will need to put the shortname of the coin (TIPS) into the search box, which is marked in the image. Be certain of having choosen the right grouping, we have marked this also. Click on “TIPS/BTC” to proceed.
Step 4 – Buying Fedoracoin (TIPS) After you have discovered Fedoracoin (TIPS), you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). And now we're going to create our own Limit Order. The ”Price” field will be filled with the most latest rate Fedoracoin (TIPS) was traded for. You can change this to your favoured rate. The field with the “Amount” tag is the volumen of TIPS you wish to purchase. The field with the “Total” tag is the whole price in Bitcoin that you will settle for the complete volumen of TIPS. When you are happy, make a mouse click on “Buy TIPS”. Your order will be filled as soon as a Vendor trades their TIPS for the price you introduced.
Step 5 – Withdraw Fedoracoin (TIPS) Unless you are trading, you should never keepyour crypto on an Exchange for an longer period of time. In order to withdraw your Fedoracoin (TIPS), go to the tab called “Funds” and click on “Withdraw”. Fedoracoin (TIPS) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Fedoracoin (TIPS) by using the given drop-down box. Enter the amount of Fedoracoin (TIPS) you'd wish to withdraw. Take into account the presented minimus/fees. Also make sure you have entered your precise withdraw address. If you are happy, click “Submit”. You could be asked for verfication via email/phone ahead of a take off.