A Step-by-Step-Guide on how to buy ()
Step 1 – Signup to CEX.io You'll first need to buy units of the bigger coins. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Follow the Link below to register and to get your Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transfer Your Ethereum or Bitcoin to an Crypto Trader Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. () is available on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Trader? (Follow these easy steps) Make sure you have selected the right coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so forth. In the case you are using a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our how-to).
Step 3 – Locate () As soon as your deposit has been affirmed, you'll instantly have access to your assets and you can commence buying and trading. To invest in () on Binance, you'll want to go to the tab which is called “Exchange” and after that click on “Basic”. In order to discover () , you'll need to put the short name of the asset () into the search-box, which is highlighted in the picture. Be certain of having choosen the right pairing, we have highlighted this too. Click on “/BTC” to go ahead.
Step 4 – Purchase () After you've found (), you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). For now we're creating our own Limit Order. The ”Price” field will be filled automatically with the latest rate () was traded for. You can change this to your preferred price. The field with the “Amount” tag is the amount of you like to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you will pay for the whole amount of . When you are satisfied, click on “Buy “. Your order will be filled when a Seller sells their for the price you submitted.
Step 5 – Withdraw () Unless you're frequently trading, best advise is not to keep crypto on an Crypto Trader for an longer time period. In order to take off your () , hover over the ”Funds” tab and click on “Withdraw”. () can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate () by using the provided drop-down box. Enter the quantity of () you would like to take off. Don't forget the presented fees/minimums. Also make sure you have filled your precise withdraw address. When you're glad, make a mouse click on “Submit”. You may be asked for email/phone verification before a withdrawal.