A Step-by-Step-Guide on how to buy Italian Lira (ITL)
Step 1 – Join CEX.io In the beginning you'll need to buy one of the major currencies. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click below for registration and getting your ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transfer Your Bitcoin or Ethereum to an Crypto Trader Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. Italian Lira (ITL) is obtainable on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Trader? (Just follow this guide) Make sure you have selected the precise coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. If you are working with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our guide).
Step 3 – Locate Italian Lira (ITL) Once your deposit has been approved, you'll now have access to your finances and you can start invest and trading. To invest in Italian Lira (ITL) on Binance, you'll want to go to the ”Exchange” tab and then mouse click on “Basic”. To discover Italian Lira (ITL), you'll need to insert the short name of the asset (ITL) into the search box, which is marked in the picture. Make sure you have choosen the right pairing, we've marked this also. Click on “ITL/BTC” to go on.
Step 4 – Purchasing Italian Lira (ITL) Once you've located Italian Lira (ITL), you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). And now we are going to create our own Limit Order. The field with the “Price” tag will be filled automatically with the most up-to-date price Italian Lira (ITL) was traded for. You can change this to your favoured price. The field with the “Amount” tag is the amount of ITL you wish to buy. The ”Total” field is the aggregated price in BTC that you'll settle for the whole amount of ITL. When you're happy, make a mouse click on “Buy ITL”. Your order will be filled as soon as a Seller sells their ITL for the price you gave.
Step 5 – Withdraw Italian Lira (ITL) Unless you are regularly trading, best advise is not to keep your coins on an Cryptocurrency Exchange for an extended time frame. To take off your Italian Lira (ITL), go to the tab called “Funds” and click on “Withdraw”. Italian Lira (ITL) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Italian Lira (ITL) by using the provided drop-down box. Put into the amount of Italian Lira (ITL) you would wish to take off. Take into account the shown minimus/fees. Also make sure you have filled your correct withdraw address. If you are happy, click on “Submit”. You may be requested for verfication via email/phone ahead of a take off.