A Step-by-Step-Guide on how to buy Bancor Network Token (BNT) in Anguilla
Step 1 – Signup to Coinmama In the beginning you'll need to buy units of the major coins. Exchanges normally accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click below to register and to get your Ethereum or Bitcoin.
Step 2 – Transfer Your BTC (Bitcoin) or ETH (Ethereum) to an Cryptocurrency Exchange Your Bitcoin or Ethereum will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. Bancor Network Token (BNT) is obtainable on Binance, so we're going to use that as an illustration. Unsure on how to send Coinbase funds to an Exchange? (Just follow this manual) Make sure you've selected the correct coin you wish to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, and so forth. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our how-to).
Step 3 – Locate Bancor Network Token (BNT) As soon as your deposit has been affirmed, you will instantly have access to your finances and you can commence buying and trading. To purchase Bancor Network Token (BNT) on Binance, you'll want to go to the ”Exchange” tab and then click on “Basic”. To find Bancor Network Token (BNT), you'll need to insert the shortname of the coin (BNT) into the search box, which is highlighted in the picture. Be certain of having selected the right grouping, we've marked this also. Click on “BNT/BTC” to advance.
Step 4 – Purchasing Bancor Network Token (BNT) Once you have located Bancor Network Token (BNT), you will be presented with a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the picture). For now we're making our own Limit Order. The ”Price” field will be filled with the most up-to-date valuation Bancor Network Token (BNT) was sold for. This can be changed to your preferred price. The ”Amount” field is the volumen of BNT you like to buy. The ”Total” field is the total price in Bitcoin that you'll settle for the complete quantity of BNT. If you are satisfied, make a mouse click on “Buy BNT”. Your order will be filled as soon as a Vendor trades their BNT for the price you submitted.
Step 5 – Withdraw Bancor Network Token (BNT) Unless you are frequently trading, best advise is not to keep crypto coins on an Crypto Exchange for an extensive time frame. In order to withdraw your Bancor Network Token (BNT), hover over the ”Funds” tab and mouse click on “Withdraw”. Bancor Network Token (BNT) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Bancor Network Token (BNT) by using the provided drop-down box. Enter the quantity of Bancor Network Token (BNT) you would like to withdraw. Don't forget the displayed minimus/fees. Also make sure you have filled your precise withdraw address. If you're satisfied, click “Submit”. You may be asked for verfication via email/phone before a withdrawal.
Kudos! You've successfully bought and stored Bancor Network Token (BNT) in Anguilla.That's it! Take offs from Crypto Exchange can take between 1 – 30 minutes (rely on usage of the network). As soon as you have confirmed your take off with Ethplorer.io or Etherscan.io and the Bancor Network Token (BNT) is stored in your wallet, you're finished.
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