A Step-by-Step-Guide on how to buy BitMoney (BIT) in Anguilla
Step 1 – Join Coinmama You'll first need to buy one of the major currencies. Exchanges normally accept either Ethereum or Bitcoin in exchange for alternative Coins. Follow the Link below for registration and to get your Ethereum or Bitcoin.
Step 2 – Send Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Exchange Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. BitMoney (BIT) is available on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Exchange? (Just follow these easy steps) Make sure you have chosen the right coin you want to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, etcetera. If you are working with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our guide).
Step 3 – Find BitMoney (BIT) As soon as your deposit has been affirmed, you will now have access to your finances and you can launch invest and trading. To buy BitMoney (BIT) on Binance, you will want to hover over the tab which is called “Exchange” and after that click on “Basic”. To discover BitMoney (BIT), you will need to insert the short name of the asset (BIT) into the search box, which is marked in the image. Make sure you have selected the correct pairing, we have marked this also. Click on “BIT/BTC” to go ahead.
Step 4 – Acquisition of BitMoney (BIT) As soon as you have discovered BitMoney (BIT), you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). And now we're going to make our own Limit Order. The ”Price” field will be automatically filled with the most latest price BitMoney (BIT) was traded for. You can change this to your favoured price. The field with the “Amount” tag is the quantity of BIT you want to purchase. The field with the “Total” tag is the whole price in Bitcoin that you'll pay for the whole volumen of BIT. When you're glad, make a mouse click on “Buy BIT”. Your plan will be filled as soon as a Vendor sells their BIT for the price you submitted.
Step 5 – Withdraw BitMoney (BIT) Unless you're regularly trading, best advise is not to keep your crypto on an Cryptocurrency Exchange for an extended time frame. To withdraw your BitMoney (BIT), go to the tab called “Funds” and click on “Withdraw”. BitMoney (BIT) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find BitMoney (BIT) by using the given drop-down box. Drop in the quantity of BitMoney (BIT) you'd like to take off. Don't forget the displayed minimus/fees. Also make sure you have entered your correct withdraw address. If you're glad, make a mouse click on “Submit”. You could be requested for verfication via phone/email before a withdrawal.
Kudos! You've successfully purchased and safed BitMoney (BIT) in Anguilla.That's it! Withdrawals from Crypto Trader can take between 1 – 30 minutes (depending on usage of the network). As soon as you have proved your take off using Etherscan.io or Ethplorer.io and the BitMoney (BIT) is safe in your wallet, you are done.
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