A Step-by-Step-Guide on how to buy BitcoinPoS (BPS)
Step 1 – Join Coinbase and receive 10$ in Bitcoin You'll first need to buy one of the bigger coins. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click below to register and receive Bitcoin or Ethereum.
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. BitcoinPoS (BPS) is available on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Exchange? (Just follow this how-to) Make sure you have selected the correct coin you want to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, et cetera. If you're using a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our how-to).
Step 3 – Find (BPS) BitcoinPoS As soon as your deposit has been verified, you'll now have access to your finances and you can begin buying and trading. To purchase (BPS) BitcoinPoS on Binance, you'll want to hover over the “Exchange” tab and after that mouse click on “Basic”. To spot (BPS) BitcoinPoS, you will need to insert the cointype (BPS) into the search-box, which is highlighted in the picture. Make sure you have selected the right pairing, we've highlighted this too. Click on “BPS/BTC” to progress.
Step 4 – Buy BitcoinPoS (BPS) After you've found (BPS) BitcoinPoS, you will be presented with a Price Chart (in the Center of the picture) and some Order Books (Leftside of the image). Next we're making our own Limit Order. The “Price” field will be automatically filled with the most latest valuation BitcoinPoS (BPS) was traded for. This can be changed to your favoured price. The field with the “Amount” tag is the volumen of BPS you want to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you'll pay for the whole volumen of BPS. When you are satisfied, make a mouse click on “Buy BPS”. Your plan will be filled when a Seller trades their BPS for the price you submitted.
Step 5 – Withdraw BitcoinPoS (BPS) Unless you're regularly trading, you should never keepyour crypto on an Cryptocurrency Exchange for an extended time frame. To take off your BitcoinPoS (BPS), hover over the “Funds” tab and click on “Withdraw”. (BPS) BitcoinPoS can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find BitcoinPoS (BPS) by using the provided drop-down box. Put into the volumen of (BPS) BitcoinPoS you would like to withdraw. Take into account the presented minimus/fees. Also make sure you have entered your correct withdraw address. When you're glad, make a mouse click on “Submit”. You could be requested for phone/email verification ahead of a take off.