How to Buy Cloudbit Token (CDB)

A Step-by-Step-Guide on how to buy Cloudbit Token (CDB)

Step 1 – Join Coinbase and recieve 10$ for free

You'll first need to buy units of the top-tier currencies. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Follow the Link below to register and getting your welcome 10$.

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

Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. Cloudbit Token (CDB) is available on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Exchange? (Just follow this guide)

Make sure you have selected the exact coin you want to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etcetera. If you are working with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our guide).

Step 3 – Locate Cloudbit Token (CDB)

Once your deposit has been confirmed, you'll now have access to your assets and you can initiate invest and trading. To buy Cloudbit Token (CDB) on Binance, you'll want to hover over the tab which is called “Exchange” and after that click on “Basic”.

In order to spot Cloudbit Token (CDB), you will need to put the short name of the asset (CDB) into the search-box, which is marked in the image. Make sure you have choosen the correct grouping, we have highlighted this also. Click on “CDB/BTC” to go ahead.

Binance How To Buy 1 Cloudbit Token (CDB)
Step 4 – Buying (CDB) Cloudbit Token

After you have found Cloudbit Token (CDB), you will be presented with a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the picture). And now we're going to create our own Limit Order.

The field with the “Price” tag will be filled automatically with the most up-to-date price (CDB) Cloudbit Token was traded for. You can change this to your desired rate. The “Amount” field is the quantity of CDB you wish to purchase. The “Total” field is the total price in BTC that you will pay for the whole volumen of CDB.

If you are happy, make a mouse click on “Buy CDB”. Your order will be filled when a Vendor trades their CDB for the price you gave.

Step 5 – Withdraw Cloudbit Token (CDB)

Unless you are regularly trading, never keep your crypto coins on an Exchange for an extensive time period. To take off your Cloudbit Token (CDB), go to the tab called “Funds” and mouse click on “Withdraw”. (CDB) Cloudbit Token can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Cloudbit Token (CDB) by using the provided drop-down box. Enter the amount of Cloudbit Token (CDB) you'd like to take off. Take into account the demonstrated fees/minimums. Also make sure you have filled your correct withdraw address.

When you're glad, click “Submit”. You may be requested for verfication via phone/email before a withdrawal.

Congrats! You've successfully bought and safed Cloudbit Token (CDB).

That's it!

Take offs from Exchange can durate between 1 – 30 minutes (rely on network usage). As soon as you have proved your withdrawal with Etherscan.io or Ethplorer.io and the Cloudbit Token (CDB) is stored in your wallet, you are all done.