How to Buy Benz (BENZ)

A Step-by-Step-Guide on how to buy Benz (BENZ)

Step 1 – Join Coinbase and recieve 10$ for free

You will first need to buy one of the major coins. Exchanges normally accept either Ethereum or Bitcoin in exchange for Altcoins. Click below for registration and to get your welcome $10.

Binance Signup
Step 2 – Transfer Your Bitcoin (BTC) or Ethereum (ETH) to an Exchange

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. Benz (BENZ) is obtainable on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this guide)

Make sure you've chosen the correct coin you want to deposit.

BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, et cetera. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be unlike (Follow these easy steps).

Step 3 – Locate (BENZ) Benz

As soon as your deposit has been verified, you'll instantly have access to your assets and you can start invest and trading. To invest in Benz (BENZ) on Binance, you will want to go to the tab which is called “Exchange” and click on “Basic”.

In order to find (BENZ) Benz, you'll need to insert the cointype (BENZ) into the search-box, which is marked in the image. Be certain of having choosen the proper pairing, we have highlighted this also. Click on “BENZ/BTC” to proceed.

Binance How To Buy 1 Benz (BENZ)
Step 4 – Acquisition of (BENZ) Benz

As soon as you've located Benz (BENZ), you will be presented with a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the picture). And now we're going to create our Limit Order.

The “Price” field will be filled with the up-to-date price Benz (BENZ) was traded for. This can be changed to your desired price. The field with the “Amount” tag is the volumen of BENZ you wish to purchase. The field with the “Total” tag is the total price in BTC that you will settle for the whole volumen of BENZ.

If you are glad, click on “Buy BENZ”. Your plan will be filled as soon as a Vender sells their BENZ for the price you gave.

Step 5 – Withdraw (BENZ) Benz

Unless you're trading, best advise is not to keep your crypto on an Exchange for an extensive time period. In order to take off your Benz (BENZ), go to the tab called “Funds” and click on “Withdraw”. Benz (BENZ) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find Benz (BENZ) by using the given drop-down box. Drop in the quantity of (BENZ) Benz you'd like to take off. Don't forget the displayed fees/minimums. Also make sure you have filled your right withdraw address.

When you are glad, click “Submit”. You may be asked for email/phone verification before a take off.

Congrats! You have successfully purchased and stored (BENZ) Benz.

That's it!

Take offs from Exchange can take between 1 – 30 minutes (depending on usage of the network). Once you've proved your withdrawal with Ethplorer.io or Etherscan.io and the (BENZ) Benz is stored within your wallet, you are all done.