A Step-by-Step-Guide on how to buy BaconCoin (BAK)
Step 1 – Join Coinbase – Get Free $10 In the beginning you'll need to buy one of the bigger coins. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click below to register and receive your first 10 Dollar.
Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Trader Your Bitcoin or Ethereum has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. BaconCoin (BAK) is obtainable on Binance, so we're going to use that as an sample. Unsure on how to send Coinbase funds to an Crypto Trader? (Follow this how-to) Make sure you've chosen the precise coin you would like to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etcetera. If you are working with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our how-to).
Step 3 – Find BaconCoin (BAK) Once your deposit has been verified, you will directly have access to your finances and you can begin purchasing and trading. To buy (BAK) BaconCoin on Binance, you will want to go to the tab which is called “Exchange” and mouse click on “Basic”. To find BaconCoin (BAK), you'll need to put the shortname of the coin (BAK) into the search box, which is highlighted in the image. Be certain of having choosen the right pairing, we have marked this also. Click on “BAK/BTC” to progress.
Step 4 – Buy (BAK) BaconCoin After you've spotted BaconCoin (BAK), you'll be given a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the image). For now we are going to make our Limit Order. The “Price” field will be automatically filled with the recent tariff (BAK) BaconCoin was traded for. You can change this to your favoured price. The “Amount” field is the quantity of BAK you wish to purchase. The “Total” field is the aggregated price in Bitcoin that you'll pay for the complete amount of BAK. When you are glad, click on “Buy BAK”. Your plan will be filled when a Vender trades their BAK for the price you submitted.
Step 5 – Withdraw BaconCoin (BAK) Unless you are regularly trading, best advise is not to keep your crypto on an Crypto Exchange for an extensive time frame. To withdraw your BaconCoin (BAK), hover over the tab called “Funds” and mouse click on “Withdraw”. BaconCoin (BAK) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find BaconCoin (BAK) by using the given drop-down box. Drop in the amount of BaconCoin (BAK) you would like to withdraw. Don't forget the displayed minimus/fees. Also make sure you have entered your right withdraw address. If you're glad, click “Submit”. You may be requested for email/phone verification before a take off.