A Step-by-Step-Guide on how to buy Bitcoin Red (BTCRED)
Step 1 – Join Coinbase and recieve 10$ for free In the beginning you'll need to buy one of the bigger coins. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Follow the Link below to register and receive your welcome 10 Dollar.
Step 2 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Exchange now. All exchanges have a deposit form that is alike. Bitcoin Red (BTCRED) 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 chosen the correct coin you would like to deposit. BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etc. If you're working with a decentralized exchange, like Airswap or DDEX could be different (Follow our how-to).
Step 3 – Locate Bitcoin Red (BTCRED) Once your deposit has been affirmed, you will immediately have access to your assets and you can initiate invest and trading. To invest in (BTCRED) Bitcoin Red on Binance, you'll want to go to the tab which is called “Exchange” and after that click on “Basic”. In order to spot Bitcoin Red (BTCRED), you will need to put the shortname of the coin (BTCRED) into the search box, which is highlighted in the picture. Be certain of having selected the right grouping, we have marked this too. Click on “BTCRED/BTC” to advance.
Step 4 – Buy Bitcoin Red (BTCRED) As soon as you have located (BTCRED) Bitcoin Red, you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). And now we're going to make our Limit Order. The “Price” field will be filled automatically with the most recent rate Bitcoin Red (BTCRED) was sold for. This can be changed to your favoured price. The field with the “Amount” tag is the quantity of BTCRED you wish to buy. The “Total” field is the total price in Bitcoin that you'll settle for the complete quantity of BTCRED. When you're glad, click on “Buy BTCRED”. Your plan will be filled as soon as a Vender sells their BTCRED for the price you offered.
Step 5 – Withdraw Bitcoin Red (BTCRED) Unless you are frequently trading, best advise is not to keep coins on an Crypto Exchange for an longer time frame. In order to take off your (BTCRED) Bitcoin Red, hover over the tab called “Funds” and click on “Withdraw”. Bitcoin Red (BTCRED) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Bitcoin Red (BTCRED) by using the provided drop-down box. Drop in the amount of Bitcoin Red (BTCRED) you would like to take off. Take into account the shown fees/minimums. Also make sure you have filled your precise withdraw address. If you're happy, click “Submit”. You could be asked for phone/email verification ahead of a take off.