How to Buy VideoCoin (VID) in Australia

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

Step 1 – Join Coinmama

You will first need to buy one of the bigger currencies. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Click below to register and getting your BTC (Bitcoin) or ETH (Ethereum).

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

Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. VideoCoin (VID) is obtainable on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Crypto Trader? (Follow this how-to)

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

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so on. If you're using a decentralized exchange, like Airswap or DDEX could be different (Follow our how-to).

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

As soon as your deposit has been approved, you will instantly have access to your assets and you can begin purchasing and trading. To buy {VideoCoin (VID)|(VID) VideoCoin} on Binance, you will want to go to the ”Exchange” tab and after that mouse click on “Basic”.

In order to discover {VideoCoin (VID)|(VID) VideoCoin}, you will need to insert the shortname of the coin (VID) into the search-box, which is marked in the image. Make sure you have choosen the proper pairing, we've marked this also. Click on “VID/BTC” to go on.

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

Once you have located {VideoCoin (VID)|(VID) VideoCoin}, you'll be given a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). And now we are making our Limit Order.

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

If you're satisfied, click on “Buy VID”. Your order will be filled when a Vendor sells their VID for the price you offered.

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

Unless you are regularly trading, best advise is not to keep your crypto on an Exchange for an extensive period of time. To take off your {VideoCoin (VID)|(VID) VideoCoin}, go to the tab called “Funds” and mouse click on “Withdraw”. {VideoCoin (VID)|(VID) VideoCoin} can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find {VideoCoin (VID)|(VID) VideoCoin} by using the provided drop-down box. Enter the volumen of {VideoCoin (VID)|(VID) VideoCoin} you would wish to take off. Take into account the shown minimus/fees. Also make sure you have entered your right withdraw address.

If you are glad, make a mouse click on “Submit”. You may be asked for phone/email verification before a take off.

Kudos! You have successfully bought and safed VideoCoin (VID) in Australia.

That's it!

Withdrawals from Exchange can take anywhere from 1 – 30 minutes (depending on usage of the network). As soon as you have proved your withdrawal with Etherscan.io or Ethplorer.io and the {VideoCoin (VID)|(VID) VideoCoin} is safe within your wallet, you are done.

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