A Step-by-Step-Guide on how to buy BitcoinMono (BTCMZ)
Step 1 – Join Coinbase and get 10$ for free In the beginning you'll need to purchase units of the bigger coins. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Follow the Link below to register and to get your welcome 10$.
Step 2 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Cryptocurrency Exchange Your Bitcoin or Ethereum will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is alike. BitcoinMono (BTCMZ) is accessible on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this how-to) Make sure you've chosen the right coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etc. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Follow our guide).
Step 3 – Locate (BTCMZ) BitcoinMono Once your deposit has been confirmed, you'll now have access to your assets and you can commence purchasing and trading. To invest in BitcoinMono (BTCMZ) on Binance, you will want to go to the “Exchange” tab and then mouse click on “Basic”. In order to discover (BTCMZ) BitcoinMono, you will need to insert the short name of the asset (BTCMZ) into the search-box, which is marked in the graphic. Be certain of having choosen the correct pairing, we have highlighted this too. Click on “BTCMZ/BTC” to continue.
Step 4 – Acquisition of BitcoinMono (BTCMZ) Once you have spotted BitcoinMono (BTCMZ), you will be given a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the picture). And now we're going to make our Limit Order. The field with the “Price” tag will be automatically filled with the up-to-date tariff (BTCMZ) BitcoinMono was traded for. This can be changed to your favoured rate. The “Amount” field is the quantity of BTCMZ you want to purchase. The “Total” field is the total price in Bitcoin that you'll settle for the complete amount of BTCMZ. If you're satisfied, click on “Buy BTCMZ”. Your plan will be filled when a Seller trades their BTCMZ for the price you offered.
Step 5 – Withdraw BitcoinMono (BTCMZ) Unless you're regularly trading, never keep your crypto coins on an Cryptocurrency Exchange for an extensive time period. To withdraw your BitcoinMono (BTCMZ), hover over the “Funds” tab and click on “Withdraw”. (BTCMZ) BitcoinMono can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate BitcoinMono (BTCMZ) by using the provided drop-down box. Put into the quantity of BitcoinMono (BTCMZ) you would like to take off. Don't forget the presented fees/minimums. Also make sure you have filled your right withdraw address. When you are happy, make a mouse click on “Submit”. You could be asked for verfication via email/phone before a withdrawal.