A Step-by-Step-Guide on how to buy Cryptocurrency (CCY)
Step 1 – Join Coinbase – Get Free $10 You'll first need to buy one of the bigger currencies. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Click below to register and getting your welcome 10$.
Step 2 – Transfer Your Ethereum or Bitcoin to an Cryptocurrency Exchange Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. Cryptocurrency (CCY) is obtainable on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow these easy steps) Make sure you have chosen the exact coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etc. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our guide).
Step 3 – Locate Cryptocurrency (CCY) As soon as your deposit has been affirmed, you'll instantly have access to your assets and you can begin buying and trading. To invest in Cryptocurrency (CCY) on Binance, you'll want to hover over the tab which is called “Exchange” and then click on “Basic”. To locate (CCY) Cryptocurrency, you'll need to insert the short name of the asset (CCY) into the search-box, which is highlighted in the image. Make sure you have choosen the proper grouping, we have marked this also. Click on “CCY/BTC” to go on.
Step 4 – Purchasing (CCY) Cryptocurrency After you've located Cryptocurrency (CCY), you'll be given a Price Chart (in the Center of the image) and a few Order Books (Leftside of the image). For now we're going to make our own Limit Order. The “Price” field will be filled with the most up-to-date tariff Cryptocurrency (CCY) was sold for. This can be changed to your favoured rate. The field with the “Amount” tag is the amount of CCY you wish to purchase. The field with the “Total” tag is the whole price in Bitcoin that you will pay for the whole amount of CCY. When you are glad, click on “Buy CCY”. Your order will be filled as soon as a Vendor trades their CCY for the price you submitted.
Step 5 – Withdraw Cryptocurrency (CCY) Unless you are trading, best advise is not to keep coins on an Crypto Exchange for an longer period of time. In order to withdraw your Cryptocurrency (CCY), go to the “Funds” tab and mouse click on “Withdraw”. Cryptocurrency (CCY) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Cryptocurrency (CCY) by using the given drop-down box. Drop in the amount of Cryptocurrency (CCY) you'd like to take off. Take into account the shown fees/minimums. Also make sure you have entered your right withdraw address. If you are satisfied, click on “Submit”. You may be requested for verfication via email/phone before a withdrawal.