A Step-by-Step-Guide on how to buy Banano (BAN)
Step 1 – Join Coinbase and get 10$ for free You will first need to purchase units of the major currencies. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Click the button below for registration and to get your first 10$.
Step 2 – Transmit Your Funds to an Crypto Exchange Your Ethereum or Bitcoin has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. Banano (BAN) is available on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this how-to) Make sure you've chosen the right coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, et cetera. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be different (Follow our how-to).
Step 3 – Find (BAN) Banano As soon as your deposit has been approved, you'll now have access to your funds and you can begin invest and trading. To purchase (BAN) Banano on Binance, you will want to hover over the tab which is called “Exchange” and then mouse click on “Basic”. To discover (BAN) Banano, you will need to put the cointype (BAN) into the search-box, which is highlighted in the picture. Be certain of having selected the proper pairing, we've highlighted this also. Click on “BAN/BTC” to continue.
Step 4 – Buy Banano (BAN) As soon as you have found (BAN) Banano, you will be given a Price Chart (in the Center of the image) and a few Order Books (Leftside of the picture). For now we are making our own Limit Order. The “Price” field will be filled with the most recent valuation (BAN) Banano was traded for. You can change this to your preferred rate. The “Amount” field is the amount of BAN you want to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you'll settle for the whole amount of BAN. When you are satisfied, make a mouse click on “Buy BAN”. Your order will be filled as soon as a Vender trades their BAN for the price you gave.
Step 5 – Withdraw (BAN) Banano Unless you're frequently trading, best advise is not to keep your crypto coins on an Crypto Exchange for an extensive time period. To take off your (BAN) Banano, go to the “Funds” tab and click on “Withdraw”. (BAN) Banano can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find (BAN) Banano by using the given drop-down box. Put into the amount of Banano (BAN) you would wish to take off. Don't forget the shown fees/minimums. Also make sure you have entered your precise withdraw address. If you are happy, click on “Submit”. You may be requested for verfication via email/phone ahead of a take off.