A Step-by-Step-Guide on how to buy 7Chain (VII)
Step 1 – Join Coinbase and get 10$ for free You'll first need to purchase one of the bigger coins. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click below for registration and receive your first $10.
Step 2 – Send Your Bitcoin or Ethereum to an Exchange Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Exchange now. All exchanges have a deposit form that is similar. 7Chain (VII) is available on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Crypto Exchange? (Just follow this how-to) Make sure you've chosen the correct coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, etcetera. If you are working with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our guide).
Step 3 – Locate (VII) 7Chain As soon as your deposit has been approved, you will immediately have access to your funds and you can start buying and trading. To purchase 7Chain (VII) on Binance, you'll want to go to the “Exchange” tab and after that mouse click on “Basic”. In order to discover (VII) 7Chain, you will need to put the short name of the asset (VII) into the search box, which is marked in the picture. Make sure you have choosen the correct pairing, we've marked this too. Click on “VII/BTC” to continue.
Step 4 – Purchase (VII) 7Chain Once you've found (VII) 7Chain, you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the image). Next we are going to make our own Limit Order. The “Price” field will be automatically filled with the up-to-date valuation (VII) 7Chain was traded for. You can change this to your preferred price. The field with the “Amount” tag is the quantity of VII you wish to purchase. The “Total” field is the aggregated price in BTC that you'll pay for the complete volumen of VII. If you're glad, click on “Buy VII”. Your order will be filled when a Vendor sells their VII for the price you submitted.
Step 5 – Withdraw (VII) 7Chain Unless you're frequently trading, best advise is not to keep your coins on an Crypto Trader for an longer period of time. In order to withdraw your (VII) 7Chain, go to the tab called “Funds” and mouse click on “Withdraw”. (VII) 7Chain can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find (VII) 7Chain by using the provided drop-down box. Drop in the quantity of (VII) 7Chain you'd like to take off. Don't forget the presented fees/minimums. Also make sure you have entered your precise withdraw address. When you are glad, click “Submit”. You may be requested for verfication via email/phone before a withdrawal.