A Step-by-Step-Guide on how to buy
Step 1 – Join Coinmama You will first need to buy one of the major currencies. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Click the button below for registration and to get your BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Cryptocurrency Exchange Your Ethereum or Bitcoin has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. () is accessible on Binance, so we're going to use that as an illustration. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this manual) Make sure you have selected the correct coin you wish to deposit. BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, and so forth. In the case you're using a decentralized exchange, such as Airswap or DDEX could be different (Follow these easy steps).
Step 3 – Locate () Once your deposit has been approved, you'll instantly have access to your finances and you can begin buying and trading. To buy () on Binance, you'll want to go to the tab which is called “Exchange” and then click on “Basic”. In order to locate (), you'll need to insert the cointype () into the search-box, which is highlighted in the graphic. Be certain of having selected the correct pairing, we've highlighted this also. Click on “/BTC” to proceed.
Step 4 – Buy () Once you have found (), you will be presented with a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the picture). For now we're making our own Limit Order. The field with the “Price” tag will be filled automatically with the most latest price () was sold for. You can change this to your preferred price. The field with the “Amount” tag is the volumen of you like to purchase. The field with the “Total” tag is the total price in Bitcoin that you'll pay for the complete volumen of . If you are glad, click on “Buy ”. Your plan will be filled when a Vendor sells their for the price you offered.
Step 5 – Withdraw () Unless you're regularly trading, best advise is not to keep coins on an Exchange for an longer time period. To withdraw your (), go to the tab called “Funds” and click on “Withdraw”. () can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate () by using the given drop-down box. Enter the amount of () you'd like to take off. Don't forget the shown fees/minimums. Also make sure you have entered your right withdraw address. When you're glad, make a mouse click on “Submit”. You could be requested for verfication via phone/email before a take off.
Congratulations! You've successfully purchased and stored .That's it! Take offs from Crypto Trader can take between 1 – 30 minutes (depending on usage of the network). Once you have confirmed your withdrawal using Etherscan.io or Ethplorer.io and the () is safe in your wallet, you are all done.
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