A Step-by-Step-Guide on how to buy Bitsum (BSM) in Anguilla
Step 1 – Signup to Coinmama You'll first need to purchase one of the bigger coins. Exchanges commonly accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click below for registration and receive your Ethereum or Bitcoin.
Step 2 – Transmit Your Ethereum (ETH) or Bitcoin (BTC) 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 similar. Bitsum (BSM) is accessible on Binance, so we're going to use that as an sample. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this how-to) Make sure you've selected the exact coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, et cetera. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our manual).
Step 3 – Find Bitsum (BSM) As soon as your deposit has been approved, you'll directly have access to your finances and you can start invest and trading. To invest in Bitsum (BSM) on Binance, you'll want to go to the ”Exchange” tab and after that click on “Basic”. In order to find Bitsum (BSM), you'll need to insert the cointype (BSM) into the search-box, which is marked in the graphic. Make sure you have selected the right grouping, we've marked this too. Click on “BSM/BTC” to progress.
Step 4 – Purchase Bitsum (BSM) As soon as you've found Bitsum (BSM), you will be given a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the picture). For now we are going to make our own Limit Order. The ”Price” field will be filled automatically with the most up-to-date price Bitsum (BSM) was traded for. This can be changed to your favoured rate. The ”Amount” field is the volumen of BSM you wish to buy. The field with the “Total” tag is the whole price in Bitcoin that you'll settle for the complete quantity of BSM. When you are satisfied, make a mouse click on “Buy BSM”. Your order will be filled when a Seller trades their BSM for the price you submitted.
Step 5 – Withdraw Bitsum (BSM) Unless you're frequently trading, best advise is not to keep your coins on an Exchange for an longer time period. In order to take off your Bitsum (BSM), go to the tab called “Funds” and mouse click on “Withdraw”. Bitsum (BSM) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Bitsum (BSM) by using the given drop-down box. Drop in the quantity of Bitsum (BSM) you'd wish to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have filled your correct withdraw address. If you are happy, click “Submit”. You could be requested for phone/email verification ahead of a take off.
Congrats! You have successfully purchased and safed Bitsum (BSM) in Anguilla.That's it! Withdrawals from Crypto Exchange can take anywhere from 1 – 30 minutes (depending on network usage). As soon as you have proved your take off using Ethplorer.io or Etherscan.io and the Bitsum (BSM) is safe in your wallet, you are all done.
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