A Step-by-Step-Guide on how to buy SpankChain (SPANK)
Step 1 – Signup to Coinbase and recieve 10$ for free In the beginning you'll need to buy units of the major coins. Exchanges commonly accept either Ethereum or Bitcoin in exchange for alternative Coins. Follow the Link below to register and getting your welcome 10$.
Step 2 – Transfer Your Funds to an Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Exchange now. Every exchange has a deposit form that is alike. SpankChain (SPANK) is accessible on Binance, so we're going to use that as an illustration. Unsure on how to send Coinbase funds to an Exchange? (Just follow this manual) Make sure you have chosen the correct coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so forth. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our how-to).
Step 3 – Locate SpankChain (SPANK) As soon as your deposit has been affirmed, you'll directly have access to your finances and you can initiate buying and trading. To purchase SpankChain (SPANK) on Binance, you'll want to hover over the ”Exchange” tab and after that click on “Basic”. To locate SpankChain (SPANK), you'll need to put the cointype (SPANK) into the search-box, which is highlighted in the image. Make sure you have choosen the proper grouping, we have highlighted this too. Click on “SPANK/BTC” to advance.
Step 4 – Buy (SPANK) SpankChain After you have found (SPANK) SpankChain, you'll be given a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). For now we are going to make our own Limit Order. The ”Price” field will be filled with the most latest tariff (SPANK) SpankChain was traded for. You can change this to your favoured price. The ”Amount” field is the quantity of SPANK you want to purchase. The ”Total” field is the whole price in Bitcoin that you will settle for the whole quantity of SPANK. If you are glad, make a mouse click on “Buy SPANK”. Your order will be filled when a Vendor trades their SPANK for the price you offered.
Step 5 – Withdraw SpankChain (SPANK) Unless you are trading, never keep your crypto coins on an Crypto Exchange for an longer period of time. To withdraw your SpankChain (SPANK), hover over the ”Funds” tab and click on “Withdraw”. SpankChain (SPANK) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate SpankChain (SPANK) by using the given drop-down box. Enter the volumen of SpankChain (SPANK) you would wish to withdraw. Take into account the shown minimus/fees. Also make sure you have filled your precise withdraw address. If you are glad, click “Submit”. You may be requested for verfication via phone/email before a withdrawal.