A Step-by-Step-Guide on how to buy Kyber Network (KNC)
Step 1 – Signup to CEX.io You will first need to buy units of the bigger coins. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click below for registration and receive your Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) to an Cryptocurrency Exchange Your Bitcoin or Ethereum has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is identical. Kyber Network (KNC) is accessible on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this guide) Make sure you have selected the precise coin you want to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etcetera. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our manual).
Step 3 – Locate Kyber Network (KNC) Once your deposit has been approved, you will directly have access to your finances and you can begin invest and trading. To buy Kyber Network (KNC) on Binance, you will want to hover over the ”Exchange” tab and click on “Basic”. To find Kyber Network (KNC), you will need to put the short name of the asset (KNC) into the search box, which is marked in the image. Be certain of having choosen the correct pairing, we have marked this too. Click on “KNC/BTC” to go ahead.
Step 4 – Acquisition of Kyber Network (KNC) After you've located Kyber Network (KNC), 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 are going to create our own Limit Order. The field with the “Price” tag will be filled automatically with the recent rate Kyber Network (KNC) was sold for. This can be changed to your preferred price. The field with the “Amount” tag is the volumen of KNC you like to purchase. The field with the “Total” tag is the whole price in Bitcoin that you will settle for the whole volumen of KNC. If you are happy, make a mouse click on “Buy KNC”. Your order will be filled as soon as a Vendor sells their KNC for the price you offered.
Step 5 – Withdraw Kyber Network (KNC) Unless you're frequently trading, best advise is not to keep your crypto on an Exchange for an extensive time frame. In order to withdraw your Kyber Network (KNC), go to the tab called “Funds” and mouse click on “Withdraw”. Kyber Network (KNC) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Kyber Network (KNC) by using the given drop-down box. Put into the amount of Kyber Network (KNC) you would wish to withdraw. Take into account the displayed fees/minimums. Also make sure you have entered your correct withdraw address. If you're glad, make a mouse click on “Submit”. You may be requested for email/phone verification before a withdrawal.