A Step-by-Step-Guide on how to buy BitBay (BAY)
Step 1 – Join Coinbase and get 10$ for free In the beginning you'll need to buy one of the top-tier currencies. Exchanges normally accept either Ethereum or Bitcoin in exchange for alternative Coins. Click the button below to register and getting your first 10$.
Step 2 – Transmit Your Ethereum or Bitcoin to an Exchange Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. BitBay (BAY) is available on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Crypto Trader? (Follow this how-to) Make sure you have chosen the precise coin you wish to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so on. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our manual).
Step 3 – Find BitBay (BAY) As soon as your deposit has been approved, you'll instantly have access to your funds and you can initiate buying and trading. To invest in (BAY) BitBay on Binance, you will want to hover over the tab which is called “Exchange” and click on “Basic”. To locate (BAY) BitBay, you'll need to put the shortname of the coin (BAY) into the search box, which is highlighted in the picture. Be certain of having choosen the right grouping, we have marked this too. Click on “BAY/BTC” to go ahead.
Step 4 – Buying (BAY) BitBay As soon as you have spotted (BAY) BitBay, you'll be presented with a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the image). Next we are going to create our Limit Order. The “Price” field will be filled automatically with the latest tariff BitBay (BAY) was sold for. You can change this to your preferred price. The “Amount” field is the volumen of BAY you wish to buy. The “Total” field is the aggregated price in BTC that you'll settle for the complete amount of BAY. If you are happy, make a mouse click on “Buy BAY”. Your order will be filled when a Seller sells their BAY for the price you submitted.
Step 5 – Withdraw BitBay (BAY) Unless you are trading, you should never keepyour coins on an Crypto Trader for an extended time frame. To take off your BitBay (BAY), go to the tab called “Funds” and mouse click on “Withdraw”. BitBay (BAY) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate BitBay (BAY) by using the provided drop-down box. Drop in the amount of BitBay (BAY) you'd wish to withdraw. Take into account the demonstrated fees/minimums. Also make sure you have filled your correct withdraw address. When you are glad, click “Submit”. You may be requested for phone/email verification before a withdrawal.