A Step-by-Step-Guide on how to buy Bytecoin (BCN)
Step 1 – Signup to Coinbase and recieve 10$ for free You will first need to buy one of the major currencies. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Click the button below to register and to get your first 10$.
Step 2 – Transmit Your Ethereum or Bitcoin to an Crypto Exchange Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. Bytecoin (BCN) 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? (Follow this guide) Make sure you have selected the exact coin you would like to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, etc. In the case you are using a decentralized exchange, like Airswap or DDEX could be different (Just follow these easy steps).
Step 3 – Find Bytecoin (BCN) Once your deposit has been confirmed, you will now have access to your assets and you can commence invest and trading. To purchase Bytecoin (BCN) on Binance, you'll want to hover over the tab which is called “Exchange” and click on “Basic”. To spot (BCN) Bytecoin, you will need to insert the short name of the asset (BCN) into the search box, which is marked in the picture. Make sure you have selected the proper pairing, we have highlighted this too. Click on “BCN/BTC” to go ahead.
Step 4 – Acquisition of Bytecoin (BCN) After you've found (BCN) Bytecoin, you will be given a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the picture). For now we are going to create our Limit Order. The field with the “Price” tag will be filled with the latest valuation Bytecoin (BCN) was traded for. You can change this to your favoured price. The “Amount” field is the amount of BCN you like to buy. The field with the “Total” tag is the whole price in BTC that you will pay for the complete volumen of BCN. If you're satisfied, make a mouse click on “Buy BCN”. Your plan will be filled as soon as a Seller trades their BCN for the price you gave.
Step 5 – Withdraw Bytecoin (BCN) Unless you're regularly trading, you should never keepyour crypto on an Crypto Trader for an extensive period of time. In order to withdraw your (BCN) Bytecoin, hover over the “Funds” tab and click on “Withdraw”. (BCN) Bytecoin can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find (BCN) Bytecoin by using the given drop-down box. Put into the amount of Bytecoin (BCN) you would like to withdraw. Take into account the presented fees/minimums. Also make sure you have entered your precise withdraw address. When you're glad, make a mouse click on “Submit”. You may be asked for verfication via email/phone ahead of a withdrawal.