A Step-by-Step-Guide on how to buy IOST (IOST)
Step 1 – Signup to CEX.io In the beginning you'll need to buy units of the major coins. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Click below to register and to get your Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transfer Your Funds to an Crypto Exchange Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. IOST (IOST) is obtainable on Binance, so we're going to use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Exchange? (Just follow this manual) Make sure you've selected the exact coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our how-to).
Step 3 – Find IOST (IOST) Once your deposit has been confirmed, you'll now have access to your funds and you can initiate buying and trading. To buy IOST (IOST) on Binance, you'll want to go to the tab which is called “Exchange” and then click on “Basic”. To locate IOST (IOST), you'll need to insert the short name of the asset (IOST) into the search-box, which is marked in the picture. Be certain of having choosen the correct grouping, we've marked this too. Click on “IOST/BTC” to proceed.
Step 4 – Acquisition of IOST (IOST) Once you have found IOST (IOST), you will be presented with a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the image). For now we're creating our Limit Order. The ”Price” field will be filled automatically with the most up-to-date price IOST (IOST) was traded for. This can be changed to your favoured price. The ”Amount” field is the amount of IOST you like to buy. The field with the “Total” tag is the whole price in Bitcoin that you will settle for the complete amount of IOST. When you are satisfied, make a mouse click on “Buy IOST”. Your plan will be filled as soon as a Seller sells their IOST for the price you gave.
Step 5 – Withdraw IOST (IOST) Unless you are trading, best advise is not to keep your coins on an Crypto Exchange for an longer time period. To withdraw your IOST (IOST), hover over the tab called “Funds” and mouse click on “Withdraw”. IOST (IOST) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate IOST (IOST) by using the provided drop-down box. Put into the quantity of IOST (IOST) you would wish to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have entered your right withdraw address. When you are satisfied, make a mouse click on “Submit”. You could be requested for email/phone verification ahead of a withdrawal.