How to Buy Cryptospot Token (SPOT)

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

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

You will first need to purchase one of the major coins. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Follow the Link below for registration and receive your welcome 10$.

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

Your Ethereum or Bitcoin has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is identical. Cryptospot Token (SPOT) is available on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow this guide)

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

Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etcetera. If you are working with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our manual).

Step 3 – Locate Cryptospot Token (SPOT)

Once your deposit has been confirmed, you'll immediately have access to your funds and you can initiate invest and trading. To invest in (SPOT) Cryptospot Token on Binance, you'll want to go to the tab which is called “Exchange” and then mouse click on “Basic”.

In order to locate (SPOT) Cryptospot Token, you'll need to insert the cointype (SPOT) into the search box, which is marked in the image. Make sure you have choosen the right grouping, we have marked this too. Click on “SPOT/BTC” to advance.

Binance How To Buy 1 Cryptospot Token (SPOT)
Step 4 – Acquisition of (SPOT) Cryptospot Token

As soon as you've spotted Cryptospot Token (SPOT), you will be presented with a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). Next we are making our own Limit Order.

The “Price” field will be filled with the most recent price (SPOT) Cryptospot Token was sold for. This can be changed to your preferred price. The field with the “Amount” tag is the volumen of SPOT you want to buy. The “Total” field is the whole price in BTC that you will pay for the complete volumen of SPOT.

If you're glad, click on “Buy SPOT”. Your plan will be filled when a Vender trades their SPOT for the price you introduced.

Step 5 – Withdraw Cryptospot Token (SPOT)

Unless you are frequently trading, never keep your coins on an Cryptocurrency Exchange for an extended time period. To take off your (SPOT) Cryptospot Token, go to the tab called “Funds” and mouse click on “Withdraw”. Cryptospot Token (SPOT) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (SPOT) Cryptospot Token by using the given drop-down box. Put into the volumen of Cryptospot Token (SPOT) you'd wish to take off. Don't forget the presented fees/minimums. Also make sure you have entered your right withdraw address.

If you are satisfied, click “Submit”. You could be asked for verfication via phone/email ahead of a take off.

Congrats! You have successfully bought and stored (SPOT) Cryptospot Token.

That's it!

Withdrawals from Cryptocurrency Exchange can take between 1 – 30 minutes (rely on usage of the network). As soon as you've confirmed your withdrawal with Etherscan.io or Ethplorer.io and the Cryptospot Token (SPOT) is stored inside your wallet, you are done.