A Step-by-Step-Guide on how to buy Ycash (YEC)
Step 1 – Join CEX.io In the beginning you'll need to buy units of the top-tier currencies. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Follow the Link below for registration and to get your Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transfer Your Bitcoin or Ethereum to an Crypto Trader Your Ethereum or Bitcoin will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. Ycash (YEC) is accessible on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this how-to) Make sure you have selected the correct coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so on. If you are working with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our guide).
Step 3 – Locate Ycash (YEC) As soon as your deposit has been verified, you will instantly have access to your finances and you can commence invest and trading. To purchase Ycash (YEC) on Binance, you will want to hover over the ”Exchange” tab and then click on “Basic”. To find Ycash (YEC), you will need to insert the short name of the asset (YEC) into the search box, which is highlighted in the picture. Make sure you have selected the correct pairing, we have marked this too. Click on “YEC/BTC” to go on.
Step 4 – Purchase Ycash (YEC) Once you have found Ycash (YEC), you will be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the image). Next we are creating our own Limit Order. The ”Price” field will be filled with the most latest tariff Ycash (YEC) was traded for. You can change this to your favoured price. The field with the “Amount” tag is the quantity of YEC you like to buy. The field with the “Total” tag is the aggregated price in BTC that you'll settle for the complete quantity of YEC. When you're happy, click on “Buy YEC”. Your plan will be filled when a Seller trades their YEC for the price you offered.
Step 5 – Withdraw Ycash (YEC) Unless you are frequently trading, never keep your coins on an Crypto Exchange for an extensive time period. In order to withdraw your Ycash (YEC), go to the ”Funds” tab and mouse click on “Withdraw”. Ycash (YEC) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Ycash (YEC) by using the given drop-down box. Enter the volumen of Ycash (YEC) you would wish to withdraw. Don't forget the displayed minimus/fees. Also make sure you have entered your right withdraw address. If you're happy, click on “Submit”. You could be requested for verfication via email/phone ahead of a withdrawal.