How to Buy ERC20 (ERC20) in Austria

A Step-by-Step-Guide on how to buy ERC20 (ERC20) in Austria

Step 1 – Join Coinmama

In the beginning you'll need to buy units of the major coins. Exchanges usually accept either Ethereum or Bitcoin in exchange for alternative Coins. Click below to register and receive your Ethereum or Bitcoin.

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

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is identical. ERC20 (ERC20) is accessible on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Just follow this guide)

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

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so forth. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our guide).

Step 3 – Locate {ERC20 (ERC20)|(ERC20) ERC20}

As soon as your deposit has been confirmed, you'll instantly have access to your assets and you can initiate purchasing and trading. To invest in {ERC20 (ERC20)|(ERC20) ERC20} on Binance, you'll want to go to the ”Exchange” tab and after that click on “Basic”.

In order to spot {ERC20 (ERC20)|(ERC20) ERC20}, you'll need to insert the cointype (ERC20) into the search box, which is highlighted in the image. Be certain of having choosen the proper pairing, we've highlighted this also. Click on “ERC20/BTC” to progress.

{How to buy Coin on Binance 1|Binance How To Buy 1} ERC20 (ERC20)
Step 4 – Buying {ERC20 (ERC20)|(ERC20) ERC20}

As soon as you've discovered {ERC20 (ERC20)|(ERC20) ERC20}, you will be presented with a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). Next we are making our own Limit Order.

The ”Price” field will be filled with the latest price {ERC20 (ERC20)|(ERC20) ERC20} was traded for. This can be changed to your preferred rate. The field with the “Amount” tag is the volumen of ERC20 you want to purchase. The field with the “Total” tag is the total price in Bitcoin that you will settle for the complete volumen of ERC20.

When you are glad, make a mouse click on “Buy ERC20”. Your order will be filled when a Vendor sells their ERC20 for the price you gave.

Step 5 – Withdraw {ERC20 (ERC20)|(ERC20) ERC20}

Unless you are trading, you should never keepyour coins on an Cryptocurrency Exchange for an extensive period of time. In order to take off your {ERC20 (ERC20)|(ERC20) ERC20}, hover over the tab called “Funds” and mouse click on “Withdraw”. {ERC20 (ERC20)|(ERC20) ERC20} can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate {ERC20 (ERC20)|(ERC20) ERC20} by using the provided drop-down box. Enter the quantity of {ERC20 (ERC20)|(ERC20) ERC20} you would like to take off. Take into account the shown minimus/fees. Also make sure you have filled your correct withdraw address.

When you are glad, click on “Submit”. You may be asked for verfication via phone/email before a take off.

Kudos! You have successfully purchased and stored ERC20 (ERC20) in Austria.

That's it!

Take offs from Crypto Trader can take anywhere from 1 – 30 minutes (depending on usage of the network). Once you've confirmed your withdrawal using Etherscan.io or Ethplorer.io and the {ERC20 (ERC20)|(ERC20) ERC20} is stored inside your wallet, you are finished.

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