A Step-by-Step-Guide on how to buy FYDcoin (FYD)
Step 1 – Signup to CEX.io In the beginning you'll need to purchase one of the top-tier coins. Exchanges usually accept either Ethereum or Bitcoin in exchange for alternative Coins. Click below for registration and getting your Ethereum or Bitcoin.
Step 2 – Transfer Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. FYDcoin (FYD) is obtainable on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Exchange? (Follow this manual) Make sure you have selected the exact coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etcetera. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our guide).
Step 3 – Locate FYDcoin (FYD) Once your deposit has been verified, you will directly have access to your funds and you can launch buying and trading. To purchase FYDcoin (FYD) on Binance, you will want to go to the tab which is called “Exchange” and mouse click on “Basic”. To discover FYDcoin (FYD), you will need to put the shortname of the coin (FYD) into the search-box, which is highlighted in the picture. Be certain of having choosen the correct pairing, we've highlighted this too. Click on “FYD/BTC” to proceed.
Step 4 – Purchasing FYDcoin (FYD) As soon as you've located FYDcoin (FYD), you'll be given a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). Next we are going to make our Limit Order. The ”Price” field will be automatically filled with the most recent valuation FYDcoin (FYD) was traded for. This can be changed to your preferred rate. The field with the “Amount” tag is the amount of FYD you want to buy. The ”Total” field is the total price in Bitcoin that you will settle for the whole amount of FYD. When you are happy, make a mouse click on “Buy FYD”. Your plan will be filled when a Vender trades their FYD for the price you submitted.
Step 5 – Withdraw FYDcoin (FYD) Unless you're frequently trading, never keep your coins on an Crypto Exchange for an extended period of time. In order to take off your FYDcoin (FYD), hover over the tab called “Funds” and mouse click on “Withdraw”. FYDcoin (FYD) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate FYDcoin (FYD) by using the given drop-down box. Put into the quantity of FYDcoin (FYD) you'd like to take off. Take into account the shown minimus/fees. Also make sure you have filled your correct withdraw address. If you're glad, click on “Submit”. You may be requested for email/phone verification ahead of a take off.