A Step-by-Step-Guide on how to buy Telcoin (TEL)
Step 1 – Signup to CEX.io You'll first need to buy units of the major currencies. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Follow the Link below for registration and receive your ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transmit Your ETH (Ethereum) or BTC (Bitcoin) to an Exchange Your Bitcoin or Ethereum will need to be sent over to an Exchange now. Every exchange has a deposit form that is identical. Telcoin (TEL) is accessible on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Exchange? (Just follow this how-to) Make sure you've selected the exact coin you want to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. If you are working with a decentralized exchange, like Airswap or DDEX could be different (Just follow our how-to).
Step 3 – Find Telcoin (TEL) Once your deposit has been verified, you'll directly have access to your assets and you can start invest and trading. To purchase Telcoin (TEL) on Binance, you'll want to hover over the ”Exchange” tab and after that click on “Basic”. To find Telcoin (TEL), you'll need to put the short name of the asset (TEL) into the search-box, which is highlighted in the graphic. Be certain of having selected the proper grouping, we've highlighted this also. Click on “TEL/BTC” to go on.
Step 4 – Buying Telcoin (TEL) As soon as you've found Telcoin (TEL), you will be given a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). And now we're making our own Limit Order. The ”Price” field will be filled automatically with the most up-to-date tariff Telcoin (TEL) was traded for. This can be changed to your preferred rate. The ”Amount” field is the quantity of TEL you want to purchase. The ”Total” field is the whole price in BTC that you'll settle for the whole quantity of TEL. When you are happy, click on “Buy TEL”. Your order will be filled as soon as a Vendor trades their TEL for the price you offered.
Step 5 – Withdraw Telcoin (TEL) Unless you are trading, best advise is not to keep crypto on an Crypto Exchange for an longer period of time. To take off your Telcoin (TEL), hover over the tab called “Funds” and click on “Withdraw”. Telcoin (TEL) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Telcoin (TEL) by using the given drop-down box. Put into the volumen of Telcoin (TEL) you would like to take off. Take into account the displayed fees/minimums. Also make sure you have entered your right withdraw address. If you are satisfied, make a mouse click on “Submit”. You could be asked for phone/email verification ahead of a withdrawal.