A Step-by-Step-Guide on how to buy bitCNY (BITCNY) in Anguilla
Step 1 – Signup to Coinmama You'll first need to purchase units of the major currencies. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click below for registration and getting your ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transmit Your Ethereum or Bitcoin to an Crypto Trader Your Ethereum or Bitcoin will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is identical. bitCNY (BITCNY) is obtainable on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Crypto Exchange? (Just follow this how-to) Make sure you have chosen the exact coin you want to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etc. In the case you are using a decentralized exchange, such as Airswap or DDEX could be different (Follow our guide).
Step 3 – Locate bitCNY (BITCNY) Once your deposit has been confirmed, you'll immediately have access to your assets and you can launch invest and trading. To buy bitCNY (BITCNY) on Binance, you'll want to go to the ”Exchange” tab and after that mouse click on “Basic”. To discover bitCNY (BITCNY), you will need to insert the shortname of the coin (BITCNY) into the search-box, which is marked in the picture. Be certain of having selected the right grouping, we've highlighted this too. Click on “BITCNY/BTC” to proceed.
Step 4 – Acquisition of bitCNY (BITCNY) After you've discovered bitCNY (BITCNY), you will be presented with a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). For now we're creating our own Limit Order. The field with the “Price” tag will be filled automatically with the most up-to-date tariff bitCNY (BITCNY) was traded for. This can be changed to your desired rate. The field with the “Amount” tag is the volumen of BITCNY you like to buy. The ”Total” field is the whole price in BTC that you'll settle for the whole quantity of BITCNY. If you're satisfied, make a mouse click on “Buy BITCNY”. Your order will be filled when a Vendor trades their BITCNY for the price you gave.
Step 5 – Withdraw bitCNY (BITCNY) Unless you are frequently trading, never keep your crypto coins on an Crypto Trader for an longer time period. To withdraw your bitCNY (BITCNY), hover over the tab called “Funds” and click on “Withdraw”. bitCNY (BITCNY) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate bitCNY (BITCNY) by using the provided drop-down box. Enter the volumen of bitCNY (BITCNY) you'd wish to take off. Don't forget the demonstrated minimus/fees. Also make sure you have filled your precise withdraw address. When you're glad, click “Submit”. You could be asked for verfication via phone/email before a withdrawal.
Kudos! You have successfully bought and stored bitCNY (BITCNY) in Anguilla.That's it! Take offs from Exchange can durate anywhere from 1 – 30 minutes (depending on network usage). Once you have proved your take off with Ethplorer.io or Etherscan.io and the bitCNY (BITCNY) is stored in your wallet, you're finished.
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