A Step-by-Step-Guide on how to buy Universal Currency (UNIT)
Step 1 – Signup to Coinbase and get 10$ for free In the beginning you'll need to purchase one of the major coins. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Follow the Link below to register and to get your first $10.
Step 2 – Transmit Your Ethereum or Bitcoin to an Cryptocurrency Exchange Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is alike. Universal Currency (UNIT) is accessible on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this how-to) Make sure you have chosen the exact coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so forth. In the case you're working with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our manual).
Step 3 – Locate Universal Currency (UNIT) Once your deposit has been verified, you will immediately have access to your assets and you can begin buying and trading. To buy Universal Currency (UNIT) on Binance, you will want to go to the tab which is called “Exchange” and then mouse click on “Basic”. In order to discover Universal Currency (UNIT), you will need to put the cointype (UNIT) into the search box, which is marked in the picture. Be certain of having choosen the proper grouping, we've marked this also. Click on “UNIT/BTC” to progress.
Step 4 – Purchase (UNIT) Universal Currency After you've spotted (UNIT) Universal Currency, you will be given a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). For now we are creating our own Limit Order. The field with the “Price” tag will be filled automatically with the most recent price (UNIT) Universal Currency was traded for. This can be changed to your favoured rate. The ”Amount” field is the quantity of UNIT you like to buy. The ”Total” field is the whole price in Bitcoin that you'll settle for the whole quantity of UNIT. When you're satisfied, make a mouse click on “Buy UNIT”. Your order will be filled as soon as a Vendor trades their UNIT for the price you submitted.
Step 5 – Withdraw Universal Currency (UNIT) Unless you are frequently trading, best advise is not to keep coins on an Cryptocurrency Exchange for an longer time frame. To withdraw your Universal Currency (UNIT), hover over the tab called “Funds” and click on “Withdraw”. Universal Currency (UNIT) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Universal Currency (UNIT) by using the given drop-down box. Enter the amount of Universal Currency (UNIT) you'd wish to withdraw. Don't forget the demonstrated minimus/fees. Also make sure you have entered your precise withdraw address. If you are glad, click “Submit”. You may be requested for email/phone verification before a take off.