A Step-by-Step-Guide on how to buy xBTC (XBTC)
Step 1 – Join CEX.io In the beginning you'll need to buy units of the bigger coins. Exchanges normally accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Click the button below to register and receive your Bitcoin or Ethereum.
Step 2 – Transfer Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Trader Your Ethereum or Bitcoin has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. xBTC (XBTC) is obtainable on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Crypto Trader? (Follow this how-to) Make sure you have selected the exact coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. If you're using a decentralized exchange, like Airswap or DDEX could be divergent (Follow our how-to).
Step 3 – Find xBTC (XBTC) Once your deposit has been verified, you'll instantly have access to your assets and you can launch purchasing and trading. To purchase xBTC (XBTC) on Binance, you'll want to go to the ”Exchange” tab and click on “Basic”. To locate xBTC (XBTC), you'll need to put the shortname of the coin (XBTC) into the search box, which is marked in the image. Make sure you have choosen the right pairing, we have marked this too. Click on “XBTC/BTC” to advance.
Step 4 – Buy xBTC (XBTC) After you have found 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 field with the “Price” tag will be filled with the recent tariff xBTC (XBTC) was sold for. This can be changed to your desired rate. The ”Amount” field is the quantity of XBTC you wish to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you'll pay for the whole quantity of XBTC. When you're glad, click on “Buy XBTC”. Your order will be filled as soon as a Vendor trades their XBTC for the price you introduced.
Step 5 – Withdraw xBTC (XBTC) Unless you are trading, best advise is not to keep crypto on an Crypto Trader for an extensive time period. In order to withdraw 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 given drop-down box. Enter the volumen of xBTC (XBTC) you would wish to withdraw. Take into account the demonstrated fees/minimums. Also make sure you have entered your precise withdraw address. When you are glad, click on “Submit”. You could be asked for verfication via phone/email ahead of a withdrawal.