A Step-by-Step-Guide on how to buy xBTC (XBTC)
Step 1 – Join Coinbase – Get Free $10 You will first need to buy units of the bigger coins. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click the button below for registration and getting your welcome 10 Dollar.
Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Cryptocurrency Exchange Your Bitcoin or Ethereum will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. xBTC (XBTC) is accessible on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this manual) Make sure you've chosen the precise coin you would like to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so on. If you're using a decentralized exchange, like Airswap or DDEX could be divergent (Follow our guide).
Step 3 – Locate xBTC (XBTC) Once your deposit has been approved, you will now have access to your funds and you can launch purchasing and trading. To invest in xBTC (XBTC) on Binance, you will want to hover over the tab which is called “Exchange” and click on “Basic”. In order to find xBTC (XBTC), you will need to insert the shortname of the coin (XBTC) 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 “XBTC/BTC” to proceed.
Step 4 – Purchase (XBTC) xBTC After you have discovered (XBTC) xBTC, you will be presented with a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). And now we are creating our own Limit Order. The ”Price” field will be automatically filled with the most recent price (XBTC) xBTC was traded for. You can change this to your favoured rate. The field with the “Amount” tag is the volumen of XBTC you wish to purchase. The ”Total” field is the aggregated price in Bitcoin that you'll pay for the whole volumen of XBTC. When you are glad, make a mouse click on “Buy XBTC”. Your order will be filled as soon as a Vendor sells their XBTC for the price you introduced.
Step 5 – Withdraw xBTC (XBTC) Unless you are trading, best advise is not to keep coins on an Exchange for an extensive time period. To take off your xBTC (XBTC), go to the tab called “Funds” and click on “Withdraw”. xBTC (XBTC) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate xBTC (XBTC) by using the provided drop-down box. Enter the volumen of xBTC (XBTC) you would like to take off. Take into account the presented fees/minimums. Also make sure you have entered your correct withdraw address. If you are happy, click on “Submit”. You may be asked for email/phone verification ahead of a withdrawal.