A Step-by-Step-Guide on how to buy Bitcoin Pay (BTP)
Step 1 – Join Coinbase – Get Free $10 You'll first need to purchase one of the major coins. Exchanges commonly accept either Bitcoin or Ethereum in exchange for alternative Coins. Click the button below for registration and getting your first 10$.
Step 2 – Transmit Your Ethereum or Bitcoin to an Crypto Trader Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is identical. Bitcoin Pay (BTP) is available on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this guide) Make sure you have selected the correct coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, and so on. If you're dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Follow our how-to).
Step 3 – Find Bitcoin Pay (BTP) Once your deposit has been verified, you will immediately have access to your funds and you can launch invest and trading. To purchase Bitcoin Pay (BTP) on Binance, you'll want to go to the “Exchange” tab and click on “Basic”. To find Bitcoin Pay (BTP), you'll need to put the shortname of the coin (BTP) into the search box, which is marked in the graphic. Make sure you have selected the correct pairing, we've marked this also. Click on “BTP/BTC” to progress.
Step 4 – Buying (BTP) Bitcoin Pay As soon as you've located Bitcoin Pay (BTP), you'll be given a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the picture). Next we're going to make our own Limit Order. The “Price” field will be filled with the most up-to-date valuation (BTP) Bitcoin Pay was sold for. This can be changed to your preferred price. The “Amount” field is the quantity of BTP you want to buy. The “Total” field is the aggregated price in Bitcoin that you will settle for the whole volumen of BTP. If you are satisfied, make a mouse click on “Buy BTP”. Your order will be filled as soon as a Vendor trades their BTP for the price you offered.
Step 5 – Withdraw Bitcoin Pay (BTP) Unless you are trading, you should never keepyour coins on an Crypto Trader for an longer time period. To take off your Bitcoin Pay (BTP), hover over the “Funds” tab and mouse click on “Withdraw”. Bitcoin Pay (BTP) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find (BTP) Bitcoin Pay by using the provided drop-down box. Put into the amount of Bitcoin Pay (BTP) you'd like to withdraw. Don't forget the displayed minimus/fees. Also make sure you have entered your right withdraw address. When you're happy, click on “Submit”. You could be asked for email/phone verification ahead of a withdrawal.