How to Buy DeFi Bids (BID)

A Step-by-Step-Guide on how to buy DeFi Bids (BID)

Step 1 – Join Coinbase and recieve 10$ for free

In the beginning you'll need to purchase one of the bigger coins. Exchanges commonly accept either Bitcoin or Ethereum in exchange for Altcoins. Click below for registration and getting your first 10$.

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

Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. DeFi Bids (BID) is available on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Crypto Trader? (Follow this guide)

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

BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etcetera. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our manual).

Step 3 – Locate (BID) DeFi Bids

Once your deposit has been approved, you will now have access to your funds and you can launch buying and trading. To purchase (BID) DeFi Bids on Binance, you'll want to go to the “Exchange” tab and after that mouse click on “Basic”.

In order to discover (BID) DeFi Bids, you'll need to insert the shortname of the coin (BID) into the search box, which is marked in the picture. Make sure you have choosen the right pairing, we have highlighted this too. Click on “BID/BTC” to proceed.

How to buy Coin on Binance 1 DeFi Bids (BID)
Step 4 – Acquisition of (BID) DeFi Bids

Once you have spotted DeFi Bids (BID), you will be presented with a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). Next we're going to make our Limit Order.

The field with the “Price” tag will be automatically filled with the latest rate DeFi Bids (BID) was sold for. This can be changed to your preferred price. The “Amount” field is the volumen of BID you want to purchase. The “Total” field is the whole price in Bitcoin that you will pay for the whole quantity of BID.

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

Step 5 – Withdraw (BID) DeFi Bids

Unless you are regularly trading, never keep your coins on an Exchange for an extended period of time. In order to take off your DeFi Bids (BID), go to the “Funds” tab and click on “Withdraw”. DeFi Bids (BID) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find (BID) DeFi Bids by using the given drop-down box. Put into the volumen of (BID) DeFi Bids you would wish to withdraw. Don't forget the shown minimus/fees. Also make sure you have entered your precise withdraw address.

When you are glad, make a mouse click on “Submit”. You may be asked for phone/email verification ahead of a withdrawal.

Congrats! You have successfully purchased and safed DeFi Bids (BID).

That's it!

Take offs from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (rely on usage of the network). As soon as you have confirmed your withdrawal using Ethplorer.io or Etherscan.io and the DeFi Bids (BID) is stored inside your wallet, you're all done.