How to Buy CNY Tether (CNYT)

A Step-by-Step-Guide on how to buy CNY Tether (CNYT)

Step 1 – Signup to Coinbase and get 10$ for free

You'll first need to buy one of the major currencies. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Click below for registration and receive your first 10$.

Binance Signup
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Exchange

Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is identical. CNY Tether (CNYT) is available on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Exchange? (Follow this guide)

Make sure you have chosen the correct coin you want to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, and so on. In the case you are using a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our manual).

Step 3 – Locate (CNYT) CNY Tether

As soon as your deposit has been verified, you will now have access to your finances and you can launch buying and trading. To buy CNY Tether (CNYT) on Binance, you will want to go to the “Exchange” tab and click on “Basic”.

To discover CNY Tether (CNYT), you will need to insert the cointype (CNYT) into the search box, which is marked in the graphic. Make sure you have choosen the correct pairing, we've highlighted this also. Click on “CNYT/BTC” to progress.

Binance How To Buy 1 CNY Tether (CNYT)
Step 4 – Purchase (CNYT) CNY Tether

Once you've located CNY Tether (CNYT), you will be presented with a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). And now we are going to make our own Limit Order.

The field with the “Price” tag will be filled automatically with the recent tariff CNY Tether (CNYT) was traded for. You can change this to your favoured price. The “Amount” field is the quantity of CNYT you want to purchase. The “Total” field is the total price in Bitcoin that you will pay for the complete quantity of CNYT.

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

Step 5 – Withdraw CNY Tether (CNYT)

Unless you're trading, never keep your crypto on an Crypto Exchange for an extended period of time. In order to take off your CNY Tether (CNYT), go to the tab called “Funds” and mouse click on “Withdraw”. (CNYT) CNY Tether can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (CNYT) CNY Tether by using the provided drop-down box. Put into the volumen of CNY Tether (CNYT) you would like to take off. Don't forget the presented fees/minimums. Also make sure you have filled your correct withdraw address.

If 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 safed CNY Tether (CNYT).

That's it!

Withdrawals from Crypto Exchange can take between 1 – 30 minutes (rely on usage of the network). Once you have confirmed your take off with Etherscan.io or Ethplorer.io and the CNY Tether (CNYT) is stored in your wallet, you are finished.