How to Buy BlockStamp (BST)

A Step-by-Step-Guide on how to buy BlockStamp (BST)

Step 1 – Join Coinbase and receive 10$ in Bitcoin

In the beginning you'll need to purchase units of the major currencies. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click below for registration and to get Bitcoin (BTC) or Ethereum (ETH).

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

Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Exchange now. Every exchange has a deposit form that is identical. BlockStamp (BST) is available on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Exchange? (Just follow this manual)

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

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etcetera. In the case you're working with a decentralized exchange, like Airswap or DDEX could be opposed (Follow our manual).

Step 3 – Find (BST) BlockStamp

Once your deposit has been confirmed, you'll immediately have access to your assets and you can start purchasing and trading. To purchase BlockStamp (BST) on Binance, you will want to hover over the “Exchange” tab and mouse click on “Basic”.

In order to spot (BST) BlockStamp, you will need to put the cointype (BST) into the search-box, which is marked in the image. Make sure you have choosen the right grouping, we have highlighted this too. Click on “BST/BTC” to advance.

Binance How To Buy 1 BlockStamp (BST)
Step 4 – Buy BlockStamp (BST)

After you've discovered BlockStamp (BST), you will be presented with a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the image). And now we are going to create our own Limit Order.

The “Price” field will be automatically filled with the most up-to-date valuation BlockStamp (BST) was traded for. You can change this to your preferred rate. The “Amount” field is the volumen of BST you want to buy. The “Total” field is the whole price in BTC that you'll pay for the whole volumen of BST.

If you're satisfied, click on “Buy BST”. Your plan will be filled when a Vender trades their BST for the price you offered.

Step 5 – Withdraw BlockStamp (BST)

Unless you are frequently trading, never keep your crypto coins on an Crypto Exchange for an extended period of time. In order to take off your BlockStamp (BST), go to the tab called “Funds” and click on “Withdraw”. (BST) BlockStamp can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (BST) BlockStamp by using the provided drop-down box. Put into the amount of (BST) BlockStamp you'd wish to take off. Don't forget the demonstrated fees/minimums. Also make sure you have entered your right withdraw address.

When you're happy, click on “Submit”. You could be requested for verfication via email/phone ahead of a take off.

Congrats! You have successfully purchased and stored (BST) BlockStamp.

That's it!

Take offs from Exchange can take between 1 – 30 minutes (rely on network usage). Once you've proved your withdrawal with Etherscan.io or Ethplorer.io and the BlockStamp (BST) is safe in your wallet, you're done.