How to Buy bitCNY (BITCNY) in Anguilla

A Step-by-Step-Guide on how to buy bitCNY (BITCNY) in Anguilla

Step 1 – Signup to Coinbase and recieve 10$ for free

In the beginning you'll need to buy units of the top-tier coins. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Follow the Link below to register and getting your welcome $10.

Binance Signup
Step 2 – Transfer Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Exchange

Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is identical. bitCNY (BITCNY) is available on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Exchange? (Follow this guide)

Make sure you've chosen the precise coin you wish to deposit.

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etcetera. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be different (Follow these easy steps).

Step 3 – Locate {bitCNY (BITCNY)|(BITCNY) bitCNY}

Once your deposit has been affirmed, you will immediately have access to your finances and you can start purchasing and trading. To buy {bitCNY (BITCNY)|(BITCNY) bitCNY} on Binance, you will want to go to the tab which is called “Exchange” and then mouse click on “Basic”.

In order to locate {bitCNY (BITCNY)|(BITCNY) bitCNY}, you will need to insert the cointype (BITCNY) into the search box, which is marked in the picture. Be certain of having choosen the right pairing, we've marked this too. Click on “BITCNY/BTC” to continue.

{How to buy Coin on Binance 1|Binance How To Buy 1} bitCNY (BITCNY)
Step 4 – Buying {bitCNY (BITCNY)|(BITCNY) bitCNY}

As soon as you have discovered {bitCNY (BITCNY)|(BITCNY) bitCNY}, you'll be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). And now we are creating our own Limit Order.

The field with the “Price” tag will be filled automatically with the latest tariff {bitCNY (BITCNY)|(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 want to buy. The ”Total” field is the total price in Bitcoin that you'll pay for the complete volumen of BITCNY.

If you're happy, click on “Buy BITCNY”. Your plan will be filled when a Vendor trades their BITCNY for the price you offered.

Step 5 – Withdraw {bitCNY (BITCNY)|(BITCNY) bitCNY}

Unless you are frequently trading, best advise is not to keep your coins on an Cryptocurrency Exchange for an longer time period. In order to withdraw your {bitCNY (BITCNY)|(BITCNY) bitCNY}, go to the ”Funds” tab and mouse click on “Withdraw”. {bitCNY (BITCNY)|(BITCNY) bitCNY} can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate {bitCNY (BITCNY)|(BITCNY) bitCNY} by using the provided drop-down box. Enter the quantity of {bitCNY (BITCNY)|(BITCNY) bitCNY} you'd wish to withdraw. Take into account the displayed minimus/fees. Also make sure you have entered your correct withdraw address.

If you are satisfied, make a mouse click on “Submit”. You could be requested for verfication via phone/email ahead of a take off.

Congrats! You've successfully bought and safed bitCNY (BITCNY) in Anguilla.

That's it!

Withdrawals from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (depending on network usage). Once you've confirmed your take off using Etherscan.io or Ethplorer.io and the {bitCNY (BITCNY)|(BITCNY) bitCNY} is stored within your wallet, you are all done.

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