How to Buy bitCNY (BITCNY)

A Step-by-Step-Guide on how to buy bitCNY (BITCNY)

Step 1 – Join Coinbase and get 10$ for free

You will first need to buy units of the major currencies. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Follow the Link below to register and receive your welcome $10.

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

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. bitCNY (BITCNY) is accessible on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Follow this manual)

Make sure you have selected the exact coin you would like to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. If you are using a decentralized exchange, like Airswap or DDEX could be divergent (Follow our manual).

Step 3 – Find (BITCNY) bitCNY

Once your deposit has been verified, you will now have access to your assets and you can initiate invest and trading. To invest in bitCNY (BITCNY) on Binance, you will want to hover over the “Exchange” tab and then mouse click on “Basic”.

In order to find bitCNY (BITCNY), you'll need to insert the cointype (BITCNY) into the search-box, which is marked in the graphic. Be certain of having choosen the correct grouping, we've highlighted this also. Click on “BITCNY/BTC” to advance.

Binance How To Buy 1 bitCNY (BITCNY)
Step 4 – Acquisition of bitCNY (BITCNY)

As soon as you've found (BITCNY) bitCNY, you will be given a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). And now we are creating our own Limit Order.

The field with the “Price” tag will be automatically filled with the latest price bitCNY (BITCNY) was traded for. This can be changed to your favoured price. The field with the “Amount” tag is the quantity of BITCNY you like to purchase. The “Total” field is the whole price in Bitcoin that you will pay for the whole quantity of BITCNY.

If you are glad, make a mouse click on “Buy BITCNY”. Your plan will be filled when a Vendor trades their BITCNY for the price you introduced.

Step 5 – Withdraw (BITCNY) bitCNY

Unless you are regularly trading, best advise is not to keep your crypto on an Cryptocurrency Exchange for an extended time period. In order to take off your bitCNY (BITCNY), go to the tab called “Funds” and click on “Withdraw”. bitCNY (BITCNY) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate bitCNY (BITCNY) by using the provided drop-down box. Enter the quantity of bitCNY (BITCNY) you'd like to withdraw. Take into account the demonstrated minimus/fees. Also make sure you have entered your correct withdraw address.

When you are satisfied, click on “Submit”. You may be asked for email/phone verification ahead of a take off.

Congratulations! You've successfully bought and safed (BITCNY) bitCNY.

That's it!

Take offs from Exchange can durate anywhere from 1 – 30 minutes (depending on network usage). As soon as you've confirmed your take off with Etherscan.io or Ethplorer.io and the bitCNY (BITCNY) is stored within your wallet, you are finished.