A Step-by-Step-Guide on how to buy Bidao (BID)
Step 1 – Signup to Coinbase and receive 10$ in Bitcoin In the beginning you'll need to buy units of the major coins. Exchanges normally accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Click the button below for registration and receive BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Send Your Bitcoin or Ethereum to an Cryptocurrency Exchange Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is alike. Bidao (BID) is available on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Exchange? (Follow this how-to) Make sure you've selected the precise coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, et cetera. If you're working with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our manual).
Step 3 – Locate Bidao (BID) As soon as your deposit has been verified, you'll instantly have access to your assets and you can initiate invest and trading. To purchase (BID) Bidao on Binance, you will want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”. In order to spot Bidao (BID), you will need to insert the short name of the asset (BID) into the search-box, which is highlighted in the image. Make sure you have selected the proper grouping, we have highlighted this too. Click on “BID/BTC” to go ahead.
Step 4 – Purchasing Bidao (BID) Once you have found Bidao (BID), you'll be given a Price Chart (in the Center of the image) and some Order Books (on the Left of the picture). Next we are going to create our Limit Order. The “Price” field will be filled with the most recent rate Bidao (BID) was sold for. This can be changed to your favoured price. The “Amount” field is the quantity of BID you like to purchase. The field with the “Total” tag is the total price in BTC that you'll pay for the complete amount of BID. If you are glad, make a mouse click on “Buy BID”. Your plan will be filled as soon as a Vendor trades their BID for the price you gave.
Step 5 – Withdraw Bidao (BID) Unless you are trading, best advise is not to keep your coins on an Crypto Trader for an extended period of time. In order to take off your (BID) Bidao, go to the tab called “Funds” and mouse click on “Withdraw”. Bidao (BID) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Bidao (BID) by using the provided drop-down box. Put into the amount of (BID) Bidao you'd wish to take off. Take into account the displayed minimus/fees. Also make sure you have filled your correct withdraw address. If you are satisfied, click on “Submit”. You could be requested for phone/email verification before a take off.