A Step-by-Step-Guide on how to buy Red (RED)
Step 1 – Join CEX.io You'll first need to purchase units of the top-tier currencies. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Click below for registration and to get your BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transmit Your Ethereum or Bitcoin to an Exchange Your Bitcoin or Ethereum will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. Red (RED) is accessible on Binance, so we're going to use that as an sample. Unsure on how to send funds from Coinbase to an Exchange? (Just follow this how-to) Make sure you have selected the exact coin you would like to deposit. BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etcetera. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our how-to).
Step 3 – Locate Red (RED) As soon as your deposit has been verified, you'll instantly have access to your finances and you can initiate purchasing and trading. To invest in Red (RED) on Binance, you will want to go to the ”Exchange” tab and then click on “Basic”. To find Red (RED), you will need to put the short name of the asset (RED) into the search-box, which is highlighted in the image. Be certain of having selected the proper grouping, we have highlighted this too. Click on “RED/BTC” to continue.
Step 4 – Buying Red (RED) As soon as you have discovered Red (RED), you will be given a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). Next we're creating our own Limit Order. The ”Price” field will be filled automatically with the most recent valuation Red (RED) was sold for. This can be changed to your preferred price. The ”Amount” field is the quantity of RED you wish to buy. The ”Total” field is the aggregated price in Bitcoin that you will pay for the complete amount of RED. When you're satisfied, click on “Buy RED”. Your plan will be filled as soon as a Vendor sells their RED for the price you offered.
Step 5 – Withdraw Red (RED) Unless you are frequently trading, you should never keepyour crypto on an Exchange for an extensive time period. To withdraw your Red (RED), go to the ”Funds” tab and mouse click on “Withdraw”. Red (RED) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Red (RED) by using the provided drop-down box. Enter the amount of Red (RED) 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 are happy, make a mouse click on “Submit”. You could be requested for verfication via email/phone before a withdrawal.