A Step-by-Step-Guide on how to buy MoneyByte (MON)
Step 1 – Signup to CEX.io In the beginning you'll need to buy units of the top-tier coins. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Follow the Link below for registration and getting your BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transfer Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Trader Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. MoneyByte (MON) is accessible on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Crypto Trader? (Follow this how-to) Make sure you've selected the right coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so forth. If you're dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our guide).
Step 3 – Find (MON) MoneyByte Once your deposit has been affirmed, you'll directly have access to your finances and you can start buying and trading. To purchase (MON) MoneyByte on Binance, you'll want to hover over the tab which is called “Exchange” and then click on “Basic”. In order to find (MON) MoneyByte, you'll need to insert the shortname of the coin (MON) into the search-box, which is marked in the picture. Make sure you have choosen the correct pairing, we've marked this too. Click on “MON/BTC” to go on.
Step 4 – Buy MoneyByte (MON) As soon as you've found MoneyByte (MON), you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). For now we're going to create our Limit Order. The ”Price” field will be filled automatically with the most latest price MoneyByte (MON) was traded for. You can change this to your favoured rate. The field with the “Amount” tag is the volumen of MON you wish to purchase. The field with the “Total” tag is the total price in Bitcoin that you'll settle for the whole volumen of MON. When you are satisfied, click on “Buy MON”. Your order will be filled when a Seller trades their MON for the price you offered.
Step 5 – Withdraw (MON) MoneyByte Unless you are trading, never keep your crypto on an Crypto Exchange for an extensive period of time. To take off your (MON) MoneyByte, go to the tab called “Funds” and click on “Withdraw”. (MON) MoneyByte can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate (MON) MoneyByte by using the given drop-down box. Enter the volumen of (MON) MoneyByte you would like to take off. Take into account the displayed minimus/fees. Also make sure you have entered your right withdraw address. If you are happy, make a mouse click on “Submit”. You could be requested for email/phone verification before a withdrawal.