A Step-by-Step-Guide on how to buy MoneyByte (MON)
Step 1 – Join CEX.io In the beginning you'll need to purchase one of the top-tier coins. Exchanges usually accept either Bitcoin or Ethereum in exchange for Altcoins. Click the button below for registration and getting your Bitcoin or Ethereum.
Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Cryptocurrency Exchange Your Bitcoin or Ethereum has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is alike. MoneyByte (MON) is available on Binance, so we're going to use that as an sample. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow these easy steps) Make sure you have selected the right coin you want to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so forth. In the case you are using a decentralized exchange, like Airswap or DDEX could be different (Just follow our guide).
Step 3 – Find MoneyByte (MON) As soon as your deposit has been confirmed, you'll now have access to your finances and you can commence buying and trading. To invest in MoneyByte (MON) on Binance, you will want to hover over the tab which is called “Exchange” and after that click on “Basic”. To locate MoneyByte (MON), you'll need to put the cointype (MON) into the search-box, which is highlighted in the graphic. Be certain of having selected the correct grouping, we've highlighted this also. Click on “MON/BTC” to progress.
Step 4 – Purchase MoneyByte (MON) Once you've spotted MoneyByte (MON), you'll be presented with a Price Chart (in the Center of the image) and a few Order Books (on the Left of the picture). And now we are creating our own Limit Order. The ”Price” field will be filled automatically with the most up-to-date price MoneyByte (MON) was traded for. You can change this to your desired rate. The field with the “Amount” tag is the amount of MON you want to buy. The ”Total” field is the whole price in Bitcoin that you will settle for the whole quantity of MON. If you are happy, click on “Buy MON”. Your order will be filled when a Vendor trades their MON for the price you introduced.
Step 5 – Withdraw MoneyByte (MON) Unless you are regularly trading, best advise is not to keep your crypto on an Crypto Trader for an extended period of time. To withdraw your MoneyByte (MON), hover over the tab called “Funds” and mouse click on “Withdraw”. MoneyByte (MON) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find MoneyByte (MON) by using the provided drop-down box. Enter the volumen of MoneyByte (MON) you'd wish to take off. Take into account the demonstrated minimus/fees. Also make sure you have entered your correct withdraw address. When you are glad, click on “Submit”. You may be asked for email/phone verification before a take off.