A Step-by-Step-Guide on how to buy Modum (MOD)
Step 1 – Signup to Coinbase and get 10$ for free You will first need to buy units of the bigger currencies. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Follow the Link below to register and to get your first $10.
Step 2 – Transmit Your Bitcoin or Ethereum to an Crypto Trader Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. Modum (MOD) is obtainable on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Trader? (Follow this manual) Make sure you've chosen the exact coin you wish to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be different (Follow our manual).
Step 3 – Find Modum (MOD) As soon as your deposit has been approved, you'll immediately have access to your funds and you can initiate invest and trading. To buy Modum (MOD) on Binance, you'll want to hover over the tab which is called “Exchange” and mouse click on “Basic”. In order to locate Modum (MOD), you'll need to put the shortname of the coin (MOD) into the search-box, which is highlighted in the graphic. Make sure you have selected the correct grouping, we have highlighted this too. Click on “MOD/BTC” to go ahead.
Step 4 – Acquisition of (MOD) Modum Once you have found (MOD) Modum, you will be presented with a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). Next we're going to create our Limit Order. The ”Price” field will be filled automatically with the most up-to-date price (MOD) Modum was traded for. You can change this to your favoured price. The field with the “Amount” tag is the amount of MOD you like to buy. The ”Total” field is the whole price in BTC that you'll pay for the whole amount of MOD. When you're glad, click on “Buy MOD”. Your plan will be filled as soon as a Vendor sells their MOD for the price you gave.
Step 5 – Withdraw Modum (MOD) Unless you are frequently trading, best advise is not to keep crypto on an Crypto Exchange for an extended period of time. To take off your Modum (MOD), go to the tab called “Funds” and click on “Withdraw”. Modum (MOD) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Modum (MOD) by using the given drop-down box. Put into the volumen of Modum (MOD) you would wish to take off. Take into account the demonstrated fees/minimums. Also make sure you have filled your precise withdraw address. If you are satisfied, make a mouse click on “Submit”. You may be requested for phone/email verification ahead of a withdrawal.