How to Buy Cryptospot Token (SPOT)

A Step-by-Step-Guide on how to buy Cryptospot Token (SPOT)

Step 1 – Signup to eToro

You will first need to purchase one of the bigger coins. Exchanges normally accept either Bitcoin or Ethereum in exchange for alternative Coins. Click the button below to register and getting yBitcoin or Ethereum.

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

Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. Cryptospot Token (SPOT) is accessible on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Exchange? (Just follow this how-to)

Make sure you've selected the correct coin you wish to deposit.

Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, etcetera. If you're using a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our manual).

Step 3 – Find (SPOT) Cryptospot Token

Once your deposit has been affirmed, you will directly have access to your finances and you can begin buying and trading. To buy (SPOT) Cryptospot Token on Binance, you will want to go to the “Exchange” tab and then mouse click on “Basic”.

In order to discover (SPOT) Cryptospot Token, you will need to insert the short name of the asset (SPOT) into the search-box, which is marked in the graphic. Be certain of having choosen the right pairing, we have marked this also. Click on “SPOT/BTC” to advance.

How to buy Coin on Binance 1 Cryptospot Token (SPOT)
Step 4 – Purchasing Cryptospot Token (SPOT)

After you have found (SPOT) Cryptospot Token, you will be presented with a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). Next we're creating our own Limit Order.

The “Price” field will be filled with the most recent tariff Cryptospot Token (SPOT) was traded for. This can be changed to your favoured price. The field with the “Amount” tag is the volumen of SPOT you wish to purchase. The “Total” field is the aggregated price in Bitcoin that you'll pay for the complete volumen of SPOT.

If you're happy, click on “Buy SPOT”. Your order will be filled when a Vender sells their SPOT for the price you gave.

Step 5 – Withdraw Cryptospot Token (SPOT)

Unless you are regularly trading, best advise is not to keep crypto on an Crypto Exchange for an longer time frame. To withdraw your (SPOT) Cryptospot Token, hover over the tab called “Funds” and mouse click on “Withdraw”. Cryptospot Token (SPOT) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (SPOT) Cryptospot Token by using the provided drop-down box. Put into the volumen of Cryptospot Token (SPOT) you'd like to withdraw. Don't forget the displayed minimus/fees. Also make sure you have entered your correct withdraw address.

When you're glad, make a mouse click on “Submit”. You could be asked for verfication via phone/email ahead of a withdrawal.

Kudos! You've successfully bought and safed Cryptospot Token (SPOT).

That's it!

Take offs from Crypto Trader can take between 1 – 30 minutes (rely on usage of the network). As soon as you have confirmed your take off using Ethplorer.io or Etherscan.io and the Cryptospot Token (SPOT) is safe in your wallet, you are done.