How to Buy BakeryToken (BAKE)

A Step-by-Step-Guide on how to buy BakeryToken (BAKE)

Step 1 – Join Coinbase and receive 10$ in Bitcoin

You will first need to purchase one of the bigger currencies. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Follow the Link below for registration and to get Bitcoin or Ethereum.

Binance Signup
Step 2 – Send Your Funds to an Crypto Trader

Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Exchange now. Every exchange has a deposit form that is similar. BakeryToken (BAKE) is obtainable on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Crypto Trader? (Follow this guide)

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

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etcetera. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our how-to).

Step 3 – Find (BAKE) BakeryToken

Once your deposit has been approved, you will instantly have access to your finances and you can begin purchasing and trading. To buy BakeryToken (BAKE) on Binance, you'll want to hover over the “Exchange” tab and after that click on “Basic”.

To spot (BAKE) BakeryToken, you will need to put the short name of the asset (BAKE) into the search box, which is highlighted in the picture. Make sure you have selected the correct pairing, we've highlighted this too. Click on “BAKE/BTC” to continue.

Binance How To Buy 1 BakeryToken (BAKE)
Step 4 – Acquisition of (BAKE) BakeryToken

Once you have found BakeryToken (BAKE), you'll be presented with a Price Chart (in the Center of the picture) and some Order Books (Leftside of the image). For now we are creating our Limit Order.

The “Price” field will be automatically filled with the latest price (BAKE) BakeryToken was traded for. This can be changed to your preferred rate. The field with the “Amount” tag is the volumen of BAKE you wish to purchase. The “Total” field is the aggregated price in BTC that you'll settle for the whole volumen of BAKE.

When you are satisfied, make a mouse click on “Buy BAKE”. Your plan will be filled when a Vendor trades their BAKE for the price you offered.

Step 5 – Withdraw BakeryToken (BAKE)

Unless you are trading, best advise is not to keep your crypto coins on an Crypto Exchange for an extended period of time. To take off your (BAKE) BakeryToken, hover over the “Funds” tab and click on “Withdraw”. (BAKE) BakeryToken can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate BakeryToken (BAKE) by using the provided drop-down box. Enter the amount of (BAKE) BakeryToken you'd like to withdraw. Take into account the shown fees/minimums. Also make sure you have entered your precise withdraw address.

When you are satisfied, click on “Submit”. You could be asked for verfication via phone/email before a take off.

Congrats! You've successfully bought and safed BakeryToken (BAKE).

That's it!

Take offs from Cryptocurrency Exchange can take anywhere from 1 – 30 minutes (depending on network usage). Once you've proved your withdrawal using Ethplorer.io or Etherscan.io and the (BAKE) BakeryToken is stored inside your wallet, you are finished.