A Step-by-Step-Guide on how to buy IOST (IOST)
Step 1 – Signup to CEX.io In the beginning you'll need to purchase one of the bigger coins. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click below to register and getting your Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Send Your Ethereum or Bitcoin to an Exchange Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Exchange now. All exchanges have a deposit form that is identical. IOST (IOST) is accessible on Binance, so we're going to use that as an sample. Unsure on how to send funds from Coinbase to an Exchange? (Just follow this how-to) Make sure you have selected the correct coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. If you are dealing with a decentralized exchange, like Airswap or DDEX could be different (Just follow our guide).
Step 3 – Find (IOST) IOST Once your deposit has been confirmed, you will immediately have access to your funds and you can start buying and trading. To purchase (IOST) IOST on Binance, you will want to go to the ”Exchange” tab and after that mouse click on “Basic”. In order to spot (IOST) IOST, you will need to insert the short name of the asset (IOST) into the search box, which is highlighted in the picture. Make sure you have selected the right pairing, we have highlighted this also. Click on “IOST/BTC” to advance.
Step 4 – Buy (IOST) IOST After you have found (IOST) IOST, you'll be given a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). Next we're creating our Limit Order. The ”Price” field will be filled automatically with the most latest price (IOST) IOST was traded for. You can change this to your desired price. The field with the “Amount” tag is the amount of IOST you like to purchase. The ”Total” field is the whole price in Bitcoin that you will settle for the whole amount of IOST. If you are satisfied, click on “Buy IOST”. Your order will be filled as soon as a Vendor sells their IOST for the price you offered.
Step 5 – Withdraw IOST (IOST) Unless you're regularly trading, best advise is not to keep your crypto coins on an Crypto Exchange for an extensive time frame. To withdraw your IOST (IOST), hover over the ”Funds” tab and click on “Withdraw”. IOST (IOST) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate IOST (IOST) by using the given drop-down box. Enter the volumen of IOST (IOST) you'd like to withdraw. Take into account the demonstrated minimus/fees. Also make sure you have filled your correct withdraw address. When you're happy, click “Submit”. You may be requested for verfication via phone/email ahead of a withdrawal.