A Step-by-Step-Guide on how to buy CryptoFranc (XCHF)
Step 1 – Signup to Coinbase and get 10$ for free You will first need to purchase units of the bigger coins. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Follow the Link below to register and getting your welcome 10$.
Step 2 – Transfer Your Bitcoin or Ethereum to an Exchange Your Bitcoin or Ethereum will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is identical. CryptoFranc (XCHF) is available on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Exchange? (Follow this how-to) Make sure you've selected the correct coin you want to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etcetera. In the case you're using a decentralized exchange, such as Airswap or DDEX could be different (Just follow our guide).
Step 3 – Locate (XCHF) CryptoFranc Once your deposit has been confirmed, you'll directly have access to your finances and you can launch invest and trading. To invest in CryptoFranc (XCHF) on Binance, you will want to go to the tab which is called “Exchange” and after that mouse click on “Basic”. In order to locate CryptoFranc (XCHF), you'll need to insert the cointype (XCHF) into the search-box, which is marked in the image. Be certain of having choosen the correct grouping, we have highlighted this also. Click on “XCHF/BTC” to go on.
Step 4 – Purchase CryptoFranc (XCHF) Once you've located CryptoFranc (XCHF), you'll be given a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). Next we're going to create our Limit Order. The “Price” field will be automatically filled with the most latest rate (XCHF) CryptoFranc was traded for. This can be changed to your desired price. The “Amount” field is the quantity of XCHF you want to buy. The “Total” field is the total price in Bitcoin that you will settle for the complete quantity of XCHF. When you're glad, click on “Buy XCHF”. Your plan will be filled as soon as a Vendor trades their XCHF for the price you offered.
Step 5 – Withdraw CryptoFranc (XCHF) Unless you are frequently trading, best advise is not to keep your crypto coins on an Crypto Trader for an longer time period. In order to take off your (XCHF) CryptoFranc, hover over the “Funds” tab and mouse click on “Withdraw”. CryptoFranc (XCHF) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate CryptoFranc (XCHF) by using the provided drop-down box. Enter the quantity of CryptoFranc (XCHF) you'd like to withdraw. Take into account the presented minimus/fees. Also make sure you have entered your right withdraw address. When you are satisfied, click on “Submit”. You could be asked for verfication via phone/email before a withdrawal.