A Step-by-Step-Guide on how to buy Bytecoin (BCN) in Anguilla
Step 1 – Join Coinmama You will first need to buy one of the bigger currencies. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click the button below to register and getting your Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Trader Your Bitcoin or Ethereum has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is identical. Bytecoin (BCN) is available on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Exchange? (Follow this how-to) Make sure you've selected the exact coin you wish to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, and so on. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow these easy steps).
Step 3 – Locate Bytecoin (BCN) Once your deposit has been confirmed, you'll now have access to your assets and you can initiate invest and trading. To buy Bytecoin (BCN) on Binance, you'll want to go to the ”Exchange” tab and then mouse click on “Basic”. In order to spot Bytecoin (BCN), you'll need to insert the cointype (BCN) into the search box, which is highlighted in the graphic. Be certain of having selected the right pairing, we have marked this also. Click on “BCN/BTC” to continue.
Step 4 – Purchase Bytecoin (BCN) Once you've spotted Bytecoin (BCN), you will be presented with a Price Chart (in the Center of the image) and some Order Books (on the Left of the picture). Next we are making our own Limit Order. The field with the “Price” tag will be filled automatically with the most latest rate Bytecoin (BCN) was sold for. You can change this to your preferred price. The field with the “Amount” tag is the amount of BCN you want to buy. The field with the “Total” tag is the total price in Bitcoin that you'll pay for the whole volumen of BCN. If you're happy, make a mouse click on “Buy BCN”. Your order will be filled as soon as a Vendor sells their BCN for the price you offered.
Step 5 – Withdraw Bytecoin (BCN) Unless you are regularly trading, best advise is not to keep your crypto coins on an Cryptocurrency Exchange for an longer period of time. To withdraw your Bytecoin (BCN), go to the ”Funds” tab and click on “Withdraw”. Bytecoin (BCN) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Bytecoin (BCN) by using the given drop-down box. Put into the amount of Bytecoin (BCN) you would like to take off. Don't forget the demonstrated fees/minimums. Also make sure you have entered your precise withdraw address. When you are happy, click on “Submit”. You may be requested for verfication via phone/email before a withdrawal.
Congrats! You have successfully purchased and stored Bytecoin (BCN) in Anguilla.That's it! Withdrawals from Crypto Trader can take between 1 – 30 minutes (depending on network usage). As soon as you've confirmed your withdrawal using Etherscan.io or Ethplorer.io and the Bytecoin (BCN) is safe inside your wallet, you're done.
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