A Step-by-Step-Guide on how to buy VeriumReserve (VRM)
Step 1 – Join CEX.io In the beginning you'll need to purchase one of the top-tier coins. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click below for registration and to get your Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transfer Your Bitcoin (BTC) or Ethereum (ETH) to an Cryptocurrency Exchange Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. VeriumReserve (VRM) is available on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this how-to) Make sure you've selected the correct coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be different (Follow our how-to).
Step 3 – Locate VeriumReserve (VRM) Once your deposit has been affirmed, you'll immediately have access to your assets and you can start invest and trading. To invest in VeriumReserve (VRM) on Binance, you'll want to hover over the ”Exchange” tab and after that mouse click on “Basic”. In order to locate VeriumReserve (VRM), you'll need to put the short name of the asset (VRM) into the search-box, which is highlighted in the picture. Make sure you have selected the correct grouping, we have highlighted this too. Click on “VRM/BTC” to go on.
Step 4 – Buy VeriumReserve (VRM) Once you have spotted VeriumReserve (VRM), you'll be presented with a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the image). For now we are creating our own Limit Order. The field with the “Price” tag will be filled with the most latest rate VeriumReserve (VRM) was sold for. This can be changed to your favoured rate. The ”Amount” field is the quantity of VRM you like to buy. The ”Total” field is the aggregated price in BTC that you will pay for the whole quantity of VRM. When you're satisfied, click on “Buy VRM”. Your order will be filled when a Vender trades their VRM for the price you submitted.
Step 5 – Withdraw VeriumReserve (VRM) Unless you are frequently trading, best advise is not to keep crypto coins on an Crypto Trader for an extensive time frame. To take off your VeriumReserve (VRM), hover over the tab called “Funds” and mouse click on “Withdraw”. VeriumReserve (VRM) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate VeriumReserve (VRM) by using the provided drop-down box. Put into the amount of VeriumReserve (VRM) you'd wish to take off. Don't forget the displayed fees/minimums. Also make sure you have filled your correct withdraw address. When you are satisfied, click on “Submit”. You may be asked for phone/email verification before a take off.