A Step-by-Step-Guide on how to buy ChanCoin (CHAN)
Step 1 – Signup to Coinbase – Get Free $10 In the beginning you'll need to buy units of the major coins. Exchanges normally accept either Ethereum or Bitcoin in exchange for alternative Coins. Follow the Link below to register and getting your welcome 10 Dollar.
Step 2 – Send Your Funds to an Crypto Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is alike. ChanCoin (CHAN) is obtainable on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Exchange? (Follow these easy steps) Make sure you have selected the right coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, and so on. If you are working with a decentralized exchange, such as Airswap or DDEX could be different (Follow our how-to).
Step 3 – Locate ChanCoin (CHAN) Once your deposit has been approved, you will now have access to your finances and you can initiate buying and trading. To invest in (CHAN) ChanCoin on Binance, you will want to go to the “Exchange” tab and mouse click on “Basic”. To find ChanCoin (CHAN), you will need to insert the cointype (CHAN) into the search-box, which is marked in the image. Be certain of having choosen the proper pairing, we have highlighted this too. Click on “CHAN/BTC” to go ahead.
Step 4 – Acquisition of ChanCoin (CHAN) Once you have spotted ChanCoin (CHAN), 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 automatically with the recent price ChanCoin (CHAN) was sold for. This can be changed to your desired rate. The field with the “Amount” tag is the volumen of CHAN you wish to purchase. The “Total” field is the whole price in Bitcoin that you will settle for the complete quantity of CHAN. If you are satisfied, click on “Buy CHAN”. Your plan will be filled as soon as a Seller sells their CHAN for the price you submitted.
Step 5 – Withdraw (CHAN) ChanCoin Unless you're frequently trading, best advise is not to keep coins on an Cryptocurrency Exchange for an extensive time frame. To withdraw your ChanCoin (CHAN), hover over the tab called “Funds” and mouse click on “Withdraw”. (CHAN) ChanCoin can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find (CHAN) ChanCoin by using the given drop-down box. Drop in the amount of ChanCoin (CHAN) you would wish to withdraw. Don't forget the demonstrated minimus/fees. Also make sure you have entered your right withdraw address. When you're satisfied, click “Submit”. You may be asked for verfication via email/phone ahead of a take off.