How to Buy Bitstar (BITS)

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

Step 1 – Join Coinbase and get 10$ for free

You will first need to buy one of the bigger currencies. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Follow the Link below for registration and to get your welcome $10.

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

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is alike. Bitstar (BITS) is available on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Just follow these easy steps)

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

BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, et cetera. If you're using a decentralized exchange, like Airswap or DDEX could be unlike (Follow our how-to).

Step 3 – Locate Bitstar (BITS)

Once your deposit has been verified, you will directly have access to your finances and you can commence buying and trading. To buy Bitstar (BITS) on Binance, you'll want to go to the “Exchange” tab and then click on “Basic”.

To find Bitstar (BITS), you'll need to put the short name of the asset (BITS) into the search box, which is marked in the image. Be certain of having choosen the correct pairing, we've highlighted this too. Click on “BITS/BTC” to progress.

How to buy Coin on Binance 1 Bitstar (BITS)
Step 4 – Acquisition of Bitstar (BITS)

Once you have found Bitstar (BITS), you will be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). Next we are going to make our own Limit Order.

The “Price” field will be automatically filled with the most up-to-date rate Bitstar (BITS) was sold for. This can be changed to your preferred rate. The “Amount” field is the amount of BITS you wish to purchase. The “Total” field is the whole price in BTC that you will pay for the whole quantity of BITS.

When you are happy, make a mouse click on “Buy BITS”. Your order will be filled when a Vendor trades their BITS for the price you introduced.

Step 5 – Withdraw (BITS) Bitstar

Unless you are regularly trading, you should never keepyour crypto coins on an Crypto Trader for an longer time frame. To take off your Bitstar (BITS), hover over the “Funds” tab and click on “Withdraw”. (BITS) Bitstar can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find (BITS) Bitstar by using the given drop-down box. Enter the amount of (BITS) Bitstar you'd wish to take off. Take into account the shown minimus/fees. Also make sure you have entered your correct withdraw address.

If you're glad, click “Submit”. You could be requested for verfication via phone/email before a withdrawal.

Congratulations! You've successfully purchased and safed Bitstar (BITS).

That's it!

Withdrawals from Crypto Exchange can take anywhere from 1 – 30 minutes (depending on network usage). As soon as you've confirmed your withdrawal using Ethplorer.io or Etherscan.io and the (BITS) Bitstar is stored inside your wallet, you're finished.