How to Buy VideoCoin (VID) in Armenia

A Step-by-Step-Guide on how to buy VideoCoin (VID) in Armenia

Step 1 – Join Coinmama

You will first need to buy one of the major coins. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Follow the Link below for registration and to get your ETH (Ethereum) or BTC (Bitcoin).

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

Your Bitcoin or Ethereum will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. VideoCoin (VID) 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 have selected the exact coin you would like to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etc. If you are working with a decentralized exchange, like Airswap or DDEX could be opposed (Follow our manual).

Step 3 – Find {VideoCoin (VID)|(VID) VideoCoin}

As soon as your deposit has been confirmed, you'll directly have access to your funds and you can initiate invest and trading. To invest in {VideoCoin (VID)|(VID) VideoCoin} on Binance, you'll want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”.

To find {VideoCoin (VID)|(VID) VideoCoin}, you'll need to put the short name of the asset (VID) into the search box, which is marked in the graphic. Be certain of having choosen the correct grouping, we've marked this too. Click on “VID/BTC” to proceed.

{How to buy Coin on Binance 1|Binance How To Buy 1} VideoCoin (VID)
Step 4 – Purchasing {VideoCoin (VID)|(VID) VideoCoin}

Once you've spotted {VideoCoin (VID)|(VID) VideoCoin}, you will be given a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). Next we are going to make our Limit Order.

The field with the “Price” tag will be filled automatically with the most recent price {VideoCoin (VID)|(VID) VideoCoin} was sold for. You can change this to your preferred rate. The field with the “Amount” tag is the amount of VID you wish to buy. The field with the “Total” tag is the whole price in BTC that you'll pay for the complete amount of VID.

If you are glad, make a mouse click on “Buy VID”. Your order will be filled as soon as a Vendor trades their VID for the price you introduced.

Step 5 – Withdraw {VideoCoin (VID)|(VID) VideoCoin}

Unless you're trading, best advise is not to keep crypto on an Exchange for an extensive time period. In order to withdraw your {VideoCoin (VID)|(VID) VideoCoin}, hover over the ”Funds” tab and mouse click on “Withdraw”. {VideoCoin (VID)|(VID) VideoCoin} can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find {VideoCoin (VID)|(VID) VideoCoin} by using the given drop-down box. Put into the quantity of {VideoCoin (VID)|(VID) VideoCoin} you would wish to withdraw. Don't forget the displayed minimus/fees. Also make sure you have entered your precise withdraw address.

If you're glad, make a mouse click on “Submit”. You may be requested for phone/email verification ahead of a take off.

Congrats! You've successfully purchased and safed VideoCoin (VID) in Armenia.

That's it!

Withdrawals from Crypto Exchange can take between 1 – 30 minutes (rely on usage of the network). As soon as you've confirmed your withdrawal with Ethplorer.io or Etherscan.io and the {VideoCoin (VID)|(VID) VideoCoin} is stored inside your wallet, you're finished.

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