A Step-by-Step-Guide on how to buy Cybex (CYB)
Step 1 – Join Coinbase – Get Free $10 In the beginning you'll need to purchase units of the bigger currencies. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Click the button below to register and receive your welcome $10.
Step 2 – Transmit Your Ethereum or Bitcoin to an Exchange Your Ethereum or Bitcoin has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. Cybex (CYB) is accessible on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this how-to) Make sure you've chosen the right coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, and so forth. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our guide).
Step 3 – Locate (CYB) Cybex As soon as your deposit has been verified, you will instantly have access to your finances and you can begin buying and trading. To invest in Cybex (CYB) on Binance, you will want to go to the tab which is called “Exchange” and then click on “Basic”. In order to find (CYB) Cybex, you will need to insert the short name of the asset (CYB) into the search box, which is highlighted in the picture. Make sure you have selected the proper grouping, we have marked this also. Click on “CYB/BTC” to go on.
Step 4 – Buying Cybex (CYB) As soon as you've found Cybex (CYB), you will be presented with a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the picture). For now we're making our own Limit Order. The field with the “Price” tag will be automatically filled with the up-to-date valuation Cybex (CYB) was sold for. You can change this to your favoured rate. The field with the “Amount” tag is the quantity of CYB you like to purchase. The “Total” field is the aggregated price in BTC that you'll pay for the whole quantity of CYB. If you are glad, click on “Buy CYB”. Your plan will be filled when a Seller sells their CYB for the price you introduced.
Step 5 – Withdraw Cybex (CYB) Unless you are regularly trading, you should never keepyour crypto coins on an Cryptocurrency Exchange for an longer time period. To withdraw your (CYB) Cybex, hover over the tab called “Funds” and mouse click on “Withdraw”. Cybex (CYB) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Cybex (CYB) by using the given drop-down box. Enter the amount of (CYB) Cybex you would wish to take off. Take into account the shown minimus/fees. Also make sure you have entered your precise withdraw address. When you are glad, click on “Submit”. You could be asked for verfication via phone/email before a withdrawal.