A Step-by-Step-Guide on how to buy BaconSwap (BACON)
Step 1 – Join Coinbase and recieve 10$ for free In the beginning you'll need to purchase one of the bigger coins. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Follow the Link below to register and getting your first 10$.
Step 2 – Transfer Your ETH (Ethereum) or BTC (Bitcoin) to an Cryptocurrency Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. BaconSwap (BACON) is available on Binance, so we're going to use that as an sample. Unsure on how to send Coinbase funds to an Crypto Trader? (Just follow this guide) Make sure you've chosen the correct coin you would like to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, etcetera. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our how-to).
Step 3 – Find BaconSwap (BACON) As soon as your deposit has been confirmed, you will now have access to your funds and you can launch purchasing and trading. To purchase (BACON) BaconSwap on Binance, you will want to hover over the tab which is called “Exchange” and after that click on “Basic”. In order to find BaconSwap (BACON), you'll need to insert the cointype (BACON) into the search-box, which is highlighted in the image. Be certain of having choosen the correct grouping, we have marked this also. Click on “BACON/BTC” to progress.
Step 4 – Purchasing (BACON) BaconSwap After you have found (BACON) BaconSwap, you'll be presented with a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). For now we are creating our own Limit Order. The “Price” field will be automatically filled with the most up-to-date valuation (BACON) BaconSwap was sold for. This can be changed to your desired rate. The field with the “Amount” tag is the quantity of BACON you like to buy. The “Total” field is the aggregated price in BTC that you'll pay for the whole amount of BACON. If you're glad, make a mouse click on “Buy BACON”. Your plan will be filled when a Seller sells their BACON for the price you gave.
Step 5 – Withdraw BaconSwap (BACON) Unless you are regularly trading, best advise is not to keep crypto on an Exchange for an extensive time period. In order to withdraw your (BACON) BaconSwap, hover over the “Funds” tab and mouse click on “Withdraw”. (BACON) BaconSwap can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate BaconSwap (BACON) by using the given drop-down box. Enter the amount of BaconSwap (BACON) you would wish to withdraw. Don't forget the shown fees/minimums. Also make sure you have filled your precise withdraw address. When you are happy, make a mouse click on “Submit”. You may be asked for phone/email verification ahead of a take off.