A Step-by-Step-Guide on how to buy
Step 1 – Join Coinmama You'll first need to purchase one of the bigger coins. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Click below for registration and getting your BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Send Your Bitcoin or Ethereum to an Crypto Trader Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Exchange now. All exchanges have a deposit form that is similar. () is obtainable on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Follow this how-to) Make sure you've chosen the correct coin you wish to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etcetera. If you are dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow these easy steps).
Step 3 – Locate () As soon as your deposit has been confirmed, you'll directly have access to your finances and you can initiate buying and trading. To buy () on Binance, you'll want to go to the tab which is called “Exchange” and then click on “Basic”. To spot (), you will need to insert the cointype () into the search box, which is highlighted in the picture. Be certain of having selected the proper grouping, we have highlighted this also. Click on “/BTC” to progress.
Step 4 – Acquisition of () Once you've located (), you will be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the image). For now we are going to make our own Limit Order. The field with the “Price” tag will be filled automatically with the most up-to-date rate () was traded for. You can change this to your favoured price. The field with the “Amount” tag is the quantity of you want to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you will pay for the complete quantity of . If you are glad, make a mouse click on “Buy ”. Your plan will be filled when a Seller sells their for the price you introduced.
Step 5 – Withdraw () Unless you are frequently trading, never keep your crypto on an Exchange for an extended time period. To take off your (), go to the tab called “Funds” and click on “Withdraw”. () can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate () by using the given drop-down box. Put into the amount of () you would like to withdraw. Take into account the presented minimus/fees. Also make sure you have filled your right withdraw address. When you are glad, click “Submit”. You could be asked for verfication via phone/email ahead of a take off.
Congratulations! You have successfully purchased and safed .That's it! Withdrawals from Crypto Trader can take between 1 – 30 minutes (rely on network usage). Once you have proved your take off with Etherscan.io or Ethplorer.io and the () is safe within your wallet, you are finished.
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