A Step-by-Step-Guide on how to buy CIPHER (CPR)
Step 1 – Signup to Coinbase and recieve 10$ for free In the beginning you'll need to buy units of the bigger coins. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click below to register and to get your welcome 10 Dollar.
Step 2 – Transfer Your ETH (Ethereum) or BTC (Bitcoin) to an Cryptocurrency Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is identical. CIPHER (CPR) is available on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Exchange? (Follow these easy steps) Make sure you've chosen the exact coin you wish to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, et cetera. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our how-to).
Step 3 – Find (CPR) CIPHER As soon as your deposit has been confirmed, you'll directly have access to your finances and you can start buying and trading. To invest in CIPHER (CPR) on Binance, you will want to hover over the tab which is called “Exchange” and click on “Basic”. In order to find (CPR) CIPHER, you'll need to put the short name of the asset (CPR) into the search-box, which is highlighted in the picture. Make sure you have choosen the correct grouping, we have marked this also. Click on “CPR/BTC” to advance.
Step 4 – Acquisition of CIPHER (CPR) After you've located CIPHER (CPR), you will be presented with a Price Chart (in the Center of the picture) and some Order Books (Leftside of the image). For now we're creating our Limit Order. The field with the “Price” tag will be automatically filled with the most recent price (CPR) CIPHER was traded for. This can be changed to your favoured rate. The field with the “Amount” tag is the amount of CPR you like to purchase. The field with the “Total” tag is the whole price in Bitcoin that you'll pay for the complete volumen of CPR. When you're glad, click on “Buy CPR”. Your plan will be filled when a Seller sells their CPR for the price you offered.
Step 5 – Withdraw CIPHER (CPR) Unless you are regularly trading, you should never keepyour crypto coins on an Exchange for an longer time frame. In order to withdraw your (CPR) CIPHER, go to the tab called “Funds” and mouse click on “Withdraw”. CIPHER (CPR) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate CIPHER (CPR) by using the provided drop-down box. Enter the quantity of (CPR) CIPHER you'd wish to withdraw. Don't forget the shown minimus/fees. Also make sure you have entered your correct withdraw address. When you're happy, click on “Submit”. You may be requested for email/phone verification before a withdrawal.