A Step-by-Step-Guide on how to buy Bitforex Token (BF)
Step 1 – Join Coinbase and get 10$ for free You will first need to purchase units of the top-tier coins. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Follow the Link below for registration and to get your first 10$.
Step 2 – Transmit Your Ethereum or Bitcoin to an Cryptocurrency 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 identical. Bitforex Token (BF) is available on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Exchange? (Follow this guide) Make sure you have selected the precise coin you wish to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, et cetera. In the case you're using a decentralized exchange, like Airswap or DDEX could be opposed (Follow our guide).
Step 3 – Locate Bitforex Token (BF) As soon as your deposit has been approved, you'll immediately have access to your assets and you can initiate buying and trading. To invest in Bitforex Token (BF) on Binance, you will want to go to the “Exchange” tab and after that click on “Basic”. To find Bitforex Token (BF), you will need to put the shortname of the coin (BF) into the search-box, which is marked in the graphic. Be certain of having selected the right grouping, we have highlighted this also. Click on “BF/BTC” to progress.
Step 4 – Purchase (BF) Bitforex Token Once you have found Bitforex Token (BF), you will be presented with a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). And now we're making our own Limit Order. The field with the “Price” tag will be filled automatically with the recent rate (BF) Bitforex Token was sold for. You can change this to your desired price. The “Amount” field is the amount of BF you wish to purchase. The field with the “Total” tag is the whole price in BTC that you will settle for the whole volumen of BF. If you are satisfied, click on “Buy BF”. Your order will be filled as soon as a Seller sells their BF for the price you gave.
Step 5 – Withdraw Bitforex Token (BF) Unless you are frequently trading, you should never keepyour crypto on an Cryptocurrency Exchange for an extensive period of time. To take off your (BF) Bitforex Token, go to the tab called “Funds” and mouse click on “Withdraw”. Bitforex Token (BF) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Bitforex Token (BF) by using the provided drop-down box. Drop in the volumen of (BF) Bitforex Token you'd like to withdraw. Take into account the shown fees/minimums. Also make sure you have entered your right withdraw address. If you are happy, click on “Submit”. You could be asked for verfication via phone/email ahead of a withdrawal.