How to Buy Bitcoinus (BITS)

A Step-by-Step-Guide on how to buy Bitcoinus (BITS)

Step 1 – Signup to Coinbase – Get Free $10

In the beginning you'll need to purchase one of the top-tier coins. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Click the button below for registration and getting your welcome 10 Dollar.

Binance Signup
Step 2 – Transmit Your ETH (Ethereum) or BTC (Bitcoin) to an Cryptocurrency Exchange

Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Exchange now. Every exchange has a deposit form that is alike. Bitcoinus (BITS) is available on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Follow this manual)

Make sure you have selected the precise coin you want to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, and so forth. In the case you are working with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our guide).

Step 3 – Find Bitcoinus (BITS)

As soon as your deposit has been verified, you will directly have access to your finances and you can commence invest and trading. To invest in Bitcoinus (BITS) on Binance, you will want to hover over the tab which is called “Exchange” and after that click on “Basic”.

In order to discover Bitcoinus (BITS), you will need to put the short name of the asset (BITS) into the search box, which is highlighted in the image. Make sure you have selected the correct pairing, we've highlighted this also. Click on “BITS/BTC” to progress.

Binance How To Buy 1 Bitcoinus (BITS)
Step 4 – Purchase Bitcoinus (BITS)

After you've spotted Bitcoinus (BITS), 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 creating our own Limit Order.

The field with the “Price” tag will be automatically filled with the recent valuation Bitcoinus (BITS) was sold for. This can be changed to your desired price. The “Amount” field is the quantity of BITS you wish to buy. The “Total” field is the total price in Bitcoin that you'll settle for the whole volumen of BITS.

If you're glad, make a mouse click on “Buy BITS”. Your plan will be filled when a Vender trades their BITS for the price you gave.

Step 5 – Withdraw (BITS) Bitcoinus

Unless you are frequently trading, best advise is not to keep coins on an Cryptocurrency Exchange for an extended time period. To take off your (BITS) Bitcoinus, go to the “Funds” tab and click on “Withdraw”. (BITS) Bitcoinus can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find Bitcoinus (BITS) by using the given drop-down box. Drop in the volumen of (BITS) Bitcoinus you would wish to take off. Take into account the shown fees/minimums. Also make sure you have filled your precise withdraw address.

If you are satisfied, click on “Submit”. You could be asked for verfication via email/phone ahead of a withdrawal.

Congrats! You have successfully bought and safed Bitcoinus (BITS).

That's it!

Withdrawals from Exchange can durate between 1 – 30 minutes (rely on network usage). As soon as you have proved your withdrawal with Etherscan.io or Ethplorer.io and the (BITS) Bitcoinus is safe inside your wallet, you're done.