How to Buy BitMoney (BIT)

A Step-by-Step-Guide on how to buy BitMoney (BIT)

Step 1 – Signup to Coinbase and get 10$ for free

In the beginning you'll need to buy units of the bigger currencies. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Follow the Link below to register and receive your welcome $10.

Binance Signup
Step 2 – Send Your Funds to an Exchange

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Exchange now. All exchanges have a deposit form that is similar. BitMoney (BIT) is accessible on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow these easy steps)

Make sure you have selected the correct coin you would like to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, and so on. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our manual).

Step 3 – Locate BitMoney (BIT)

Once your deposit has been verified, you will instantly have access to your finances and you can begin buying and trading. To purchase (BIT) BitMoney on Binance, you will want to hover over the “Exchange” tab and mouse click on “Basic”.

To locate (BIT) BitMoney, you'll need to insert the short name of the asset (BIT) into the search box, which is highlighted in the picture. Make sure you have selected the proper pairing, we have marked this too. Click on “BIT/BTC” to proceed.

Binance How To Buy 1 BitMoney (BIT)
Step 4 – Buying (BIT) BitMoney

After you've spotted (BIT) BitMoney, you'll be presented with a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). Next we are going to create our own Limit Order.

The “Price” field will be filled automatically with the latest rate BitMoney (BIT) was sold for. You can change this to your preferred rate. The “Amount” field is the amount of BIT you like to purchase. The field with the “Total” tag is the aggregated price in BTC that you will settle for the complete volumen of BIT.

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

Step 5 – Withdraw (BIT) BitMoney

Unless you are frequently trading, best advise is not to keep your crypto coins on an Crypto Trader for an extensive period of time. To withdraw your BitMoney (BIT), hover over the tab called “Funds” and click on “Withdraw”. (BIT) BitMoney can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find (BIT) BitMoney by using the provided drop-down box. Put into the amount of (BIT) BitMoney you would wish to take off. Take into account the displayed fees/minimums. Also make sure you have filled your precise withdraw address.

If you're happy, click “Submit”. You may be requested for verfication via phone/email before a take off.

Congrats! You have successfully bought and safed BitMoney (BIT).

That's it!

Take offs from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (depending on network usage). As soon as you have proved your withdrawal using Ethplorer.io or Etherscan.io and the (BIT) BitMoney is stored in your wallet, you are done.