A Step-by-Step-Guide on how to buy Bitcoin Classic (BXC)
Step 1 – Join Coinbase and get 10$ for free You'll first need to purchase one of the bigger coins. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Click the button below to register and getting your welcome 10$.
Step 2 – Transmit Your Ethereum or Bitcoin to an Exchange Your Ethereum or Bitcoin has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. Bitcoin Classic (BXC) is available on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Exchange? (Follow this how-to) Make sure you've chosen the right coin you would like to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so on. In the case you're working with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our guide).
Step 3 – Locate Bitcoin Classic (BXC) Once your deposit has been confirmed, you'll instantly have access to your funds and you can initiate purchasing and trading. To invest in Bitcoin Classic (BXC) on Binance, you'll want to go to the “Exchange” tab and then click on “Basic”. In order to locate (BXC) Bitcoin Classic, you will need to insert the shortname of the coin (BXC) into the search-box, which is marked in the picture. Make sure you have choosen the right grouping, we have marked this too. Click on “BXC/BTC” to go ahead.
Step 4 – Purchasing Bitcoin Classic (BXC) After you have discovered Bitcoin Classic (BXC), you will be presented with a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the picture). For now we're going to create our Limit Order. The field with the “Price” tag will be filled automatically with the latest rate Bitcoin Classic (BXC) was traded for. This can be changed to your preferred price. The field with the “Amount” tag is the volumen of BXC you want to purchase. The field with the “Total” tag is the whole price in Bitcoin that you'll settle for the complete volumen of BXC. When you're satisfied, click on “Buy BXC”. Your plan will be filled as soon as a Vender sells their BXC for the price you gave.
Step 5 – Withdraw Bitcoin Classic (BXC) Unless you're trading, never keep your coins on an Cryptocurrency Exchange for an longer time frame. To withdraw your (BXC) Bitcoin Classic, hover over the “Funds” tab and mouse click on “Withdraw”. (BXC) Bitcoin Classic can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find (BXC) Bitcoin Classic by using the provided drop-down box. Drop in the amount of (BXC) Bitcoin Classic you would like to take off. Don't forget the presented fees/minimums. Also make sure you have entered your correct withdraw address. If you are satisfied, click on “Submit”. You may be requested for verfication via email/phone ahead of a withdrawal.