A Step-by-Step-Guide on how to buy MonaCoin (MONA)
Step 1 – Signup to CEX.io You will first need to buy one of the bigger coins. Exchanges usually 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 Funds to an Cryptocurrency Exchange Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. MonaCoin (MONA) is obtainable on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow these easy steps) Make sure you've chosen the exact coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, et cetera. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our manual).
Step 3 – Locate MonaCoin (MONA) Once your deposit has been affirmed, you will directly have access to your assets and you can commence invest and trading. To invest in MonaCoin (MONA) on Binance, you will want to hover over the tab which is called “Exchange” and then click on “Basic”. In order to discover MonaCoin (MONA), you will need to insert the cointype (MONA) into the search box, which is highlighted in the image. Be certain of having choosen the correct pairing, we've highlighted this also. Click on “MONA/BTC” to proceed.
Step 4 – Acquisition of MonaCoin (MONA) After you've discovered MonaCoin (MONA), you'll be given a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). And now we're going to make our own Limit Order. The ”Price” field will be filled automatically with the most recent price MonaCoin (MONA) was sold for. This can be changed to your desired rate. The field with the “Amount” tag is the amount of MONA you wish to purchase. The field with the “Total” tag is the whole price in BTC that you'll settle for the whole amount of MONA. When you're happy, make a mouse click on “Buy MONA”. Your order will be filled when a Vender sells their MONA for the price you submitted.
Step 5 – Withdraw MonaCoin (MONA) Unless you're trading, never keep your crypto on an Crypto Exchange for an extended time period. To take off your MonaCoin (MONA), go to the tab called “Funds” and click on “Withdraw”. MonaCoin (MONA) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find MonaCoin (MONA) by using the given drop-down box. Put into the amount of MonaCoin (MONA) you would wish to take off. Don't forget the presented minimus/fees. Also make sure you have entered your right withdraw address. If you're satisfied, click on “Submit”. You may be asked for email/phone verification ahead of a withdrawal.