A Step-by-Step-Guide on how to buy Kyber Network (KNC)
Step 1 – Join CEX.io You will first need to buy one of the major coins. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Follow the Link below for registration and getting your Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transmit Your Ethereum or Bitcoin to an Exchange Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Exchange now. Every exchange has a deposit form that is similar. Kyber Network (KNC) is accessible on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Exchange? (Follow this guide) Make sure you've selected the right coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so on. If you are dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Follow our how-to).
Step 3 – Find Kyber Network (KNC) As soon as your deposit has been confirmed, you'll instantly have access to your funds and you can commence invest and trading. To buy Kyber Network (KNC) on Binance, you'll want to hover over the tab which is called “Exchange” and then mouse click on “Basic”. In order to locate Kyber Network (KNC), you'll need to insert the cointype (KNC) into the search box, which is highlighted in the image. Make sure you have selected the correct grouping, we've highlighted this also. Click on “KNC/BTC” to go ahead.
Step 4 – Acquisition of Kyber Network (KNC) As soon as you've discovered Kyber Network (KNC), you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). Next we're creating our own Limit Order. The field with the “Price” tag will be automatically filled with the most recent price Kyber Network (KNC) was traded for. You can change this to your desired price. The field with the “Amount” tag is the amount of KNC you wish to purchase. The field with the “Total” tag is the total price in Bitcoin that you will settle for the whole amount of KNC. When you're happy, click on “Buy KNC”. Your plan will be filled when a Vendor trades their KNC for the price you submitted.
Step 5 – Withdraw Kyber Network (KNC) Unless you are regularly trading, best advise is not to keep your crypto coins on an Cryptocurrency Exchange for an extensive time frame. To take off your Kyber Network (KNC), go to the ”Funds” tab and click on “Withdraw”. Kyber Network (KNC) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Kyber Network (KNC) by using the provided drop-down box. Put into the quantity of Kyber Network (KNC) you'd wish to take off. Don't forget the demonstrated fees/minimums. Also make sure you have entered your right withdraw address. When you are happy, make a mouse click on “Submit”. You may be asked for verfication via email/phone before a take off.