How to Buy BiTing (BTFM)

A Step-by-Step-Guide on how to buy BiTing (BTFM)

Step 1 – Signup to Coinbase and receive 10$ in Bitcoin

You will first need to purchase one of the top-tier currencies. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click the button below for registration and to get Bitcoin or Ethereum.

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

Your Ethereum or Bitcoin has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is alike. BiTing (BTFM) is obtainable on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Exchange? (Just follow this how-to)

Make sure you've chosen the precise coin you want to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etcetera. In the case you're working with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our how-to).

Step 3 – Locate BiTing (BTFM)

As soon as your deposit has been confirmed, you'll immediately have access to your finances and you can initiate buying and trading. To buy BiTing (BTFM) on Binance, you'll want to hover over the tab which is called “Exchange” and click on “Basic”.

To discover BiTing (BTFM), you'll need to put the short name of the asset (BTFM) into the search-box, which is marked in the picture. Make sure you have choosen the right grouping, we have highlighted this too. Click on “BTFM/BTC” to proceed.

Binance How To Buy 1 BiTing (BTFM)
Step 4 – Buy (BTFM) BiTing

Once you've spotted (BTFM) BiTing, you'll be given a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the image). And now we're going to create our Limit Order.

The “Price” field will be filled with the most recent rate (BTFM) BiTing was traded for. This can be changed to your desired rate. The “Amount” field is the quantity of BTFM you want to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you'll pay for the complete quantity of BTFM.

When you're happy, click on “Buy BTFM”. Your order will be filled as soon as a Seller trades their BTFM for the price you submitted.

Step 5 – Withdraw (BTFM) BiTing

Unless you're trading, never keep your crypto coins on an Exchange for an extensive time frame. To withdraw your (BTFM) BiTing, go to the “Funds” tab and mouse click on “Withdraw”. BiTing (BTFM) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find (BTFM) BiTing by using the given drop-down box. Put into the amount of (BTFM) BiTing you would like to take off. Don't forget the displayed fees/minimums. Also make sure you have entered your precise withdraw address.

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

Congrats! You've successfully bought and stored BiTing (BTFM).

That's it!

Withdrawals from Crypto Exchange can take anywhere from 1 – 30 minutes (depending on usage of the network). Once you have proved your take off using Ethplorer.io or Etherscan.io and the BiTing (BTFM) is safe within your wallet, you are finished.