A Step-by-Step-Guide on how to buy iBTC (IBTC)
Step 1 – Signup to CEX.io You will first need to purchase units of the bigger coins. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click below to register and getting your Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transfer Your ETH (Ethereum) or BTC (Bitcoin) to an Cryptocurrency Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. iBTC (IBTC) is obtainable on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this how-to) Make sure you've selected the exact coin you want to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, and so on. If you're using a decentralized exchange, like Airswap or DDEX could be opposed (Follow our guide).
Step 3 – Locate iBTC (IBTC) As soon as your deposit has been verified, you'll instantly have access to your funds and you can commence buying and trading. To invest in iBTC (IBTC) on Binance, you'll want to go to the ”Exchange” tab and then click on “Basic”. To find iBTC (IBTC), you will need to insert the cointype (IBTC) into the search box, which is marked in the image. Make sure you have selected the correct pairing, we've marked this also. Click on “IBTC/BTC” to go ahead.
Step 4 – Purchase iBTC (IBTC) As soon as you have spotted iBTC (IBTC), you'll be presented with a Price Chart (in the Center of the image) and a few Order Books (on the Left of the picture). For now we are making our own Limit Order. The field with the “Price” tag will be filled with the most recent tariff iBTC (IBTC) was sold for. This can be changed to your preferred price. The field with the “Amount” tag is the quantity of IBTC you like to purchase. The ”Total” field is the total price in BTC that you'll pay for the complete amount of IBTC. When you're satisfied, make a mouse click on “Buy IBTC”. Your plan will be filled when a Vendor trades their IBTC for the price you gave.
Step 5 – Withdraw iBTC (IBTC) Unless you're frequently trading, never keep your coins on an Exchange for an extensive time period. In order to take off your iBTC (IBTC), hover over the ”Funds” tab and click on “Withdraw”. iBTC (IBTC) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate iBTC (IBTC) by using the provided drop-down box. Put into the amount of iBTC (IBTC) you'd like to take off. Don't forget the shown fees/minimums. Also make sure you have filled your right withdraw address. When you are satisfied, click on “Submit”. You may be asked for phone/email verification before a take off.