How to Buy Blocknet (BLOCK)

A Step-by-Step-Guide on how to buy Blocknet (BLOCK)

Step 1 – Join Coinbase and get 10$ for free

You'll first need to purchase units of the bigger coins. Exchanges commonly accept either Ethereum or Bitcoin in exchange for alternative Coins. Follow the Link below for registration and receive your welcome 10 Dollar.

Binance Signup
Step 2 – Transfer Your Bitcoin or Ethereum to an Crypto Exchange

Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Exchange now. Every exchange has a deposit form that is identical. Blocknet (BLOCK) is available on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this guide)

Make sure you've selected the precise coin you wish to deposit.

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

Step 3 – Locate (BLOCK) Blocknet

As soon as your deposit has been verified, you'll instantly have access to your funds and you can start buying and trading. To invest in Blocknet (BLOCK) on Binance, you will want to hover over the “Exchange” tab and mouse click on “Basic”.

In order to find Blocknet (BLOCK), you will need to put the short name of the asset (BLOCK) into the search box, which is highlighted in the image. Make sure you have choosen the right grouping, we've marked this also. Click on “BLOCK/BTC” to go ahead.

Binance How To Buy 1 Blocknet (BLOCK)
Step 4 – Purchasing Blocknet (BLOCK)

After you've spotted (BLOCK) Blocknet, you will be presented with a Price Chart (in the Center of the picture) and some Order Books (on the Left of the image). And now we are creating our Limit Order.

The “Price” field will be automatically filled with the recent valuation (BLOCK) Blocknet was sold for. This can be changed to your desired rate. The “Amount” field is the amount of BLOCK you wish to buy. The field with the “Total” tag is the aggregated price in BTC that you'll pay for the complete volumen of BLOCK.

If you are happy, make a mouse click on “Buy BLOCK”. Your order will be filled as soon as a Vendor sells their BLOCK for the price you gave.

Step 5 – Withdraw (BLOCK) Blocknet

Unless you are frequently trading, best advise is not to keep crypto coins on an Crypto Exchange for an extended period of time. To take off your Blocknet (BLOCK), hover over the tab called “Funds” and mouse click on “Withdraw”. Blocknet (BLOCK) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (BLOCK) Blocknet by using the provided drop-down box. Enter the volumen of Blocknet (BLOCK) you would like to withdraw. Don't forget the presented minimus/fees. Also make sure you have entered your precise withdraw address.

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

Kudos! You've successfully bought and safed Blocknet (BLOCK).

That's it!

Take offs from Crypto Exchange can durate between 1 – 30 minutes (depending on usage of the network). As soon as you've confirmed your withdrawal with Etherscan.io or Ethplorer.io and the Blocknet (BLOCK) is safe within your wallet, you're finished.