A Step-by-Step-Guide on how to buy Rubycoin (RBY)
Step 1 – Signup to CEX.io You'll first need to purchase units of the major coins. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Follow the Link below to register and getting your ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transfer Your Ethereum or Bitcoin to an Crypto Trader Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. Rubycoin (RBY) is obtainable 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? (Just follow this how-to) Make sure you've selected the exact coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etcetera. If you are dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our how-to).
Step 3 – Locate Rubycoin (RBY) Once your deposit has been verified, you'll directly have access to your finances and you can launch purchasing and trading. To buy Rubycoin (RBY) on Binance, you'll want to hover over the tab which is called “Exchange” and click on “Basic”. To find Rubycoin (RBY), you'll need to insert the cointype (RBY) into the search-box, which is highlighted in the image. Be certain of having selected the right pairing, we have highlighted this also. Click on “RBY/BTC” to continue.
Step 4 – Purchasing Rubycoin (RBY) After you have spotted Rubycoin (RBY), you'll be given a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the image). Next we are going to make our own Limit Order. The field with the “Price” tag will be automatically filled with the most latest valuation Rubycoin (RBY) was sold for. You can change this to your desired rate. The ”Amount” field is the amount of RBY you want to purchase. The ”Total” field is the whole price in BTC that you'll pay for the complete amount of RBY. If you are satisfied, click on “Buy RBY”. Your order will be filled when a Vendor trades their RBY for the price you gave.
Step 5 – Withdraw Rubycoin (RBY) Unless you are regularly trading, best advise is not to keep your crypto on an Crypto Trader for an extended time period. To withdraw your Rubycoin (RBY), hover over the tab called “Funds” and mouse click on “Withdraw”. Rubycoin (RBY) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Rubycoin (RBY) by using the provided drop-down box. Enter the volumen of Rubycoin (RBY) you would like to withdraw. Don't forget the shown minimus/fees. Also make sure you have entered your right withdraw address. If you are happy, click on “Submit”. You could be requested for email/phone verification ahead of a take off.