A Step-by-Step-Guide on how to buy Echoin (EC)
Step 1 – Signup to Coinbase and receive 10$ in Bitcoin You will first need to buy units of the bigger coins. Exchanges usually accept either Ethereum or Bitcoin in exchange for Altcoins. Follow the Link below to register and getting ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Cryptocurrency Exchange Your Bitcoin or Ethereum has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. Echoin (EC) is accessible on Binance, so we're going to use that as an sample. Unsure on how to send Coinbase funds to an Crypto Exchange? (Follow this manual) Make sure you've chosen the exact coin you would like to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, etcetera. In the case you are working with a decentralized exchange, like Airswap or DDEX could be opposed (Follow our guide).
Step 3 – Locate (EC) Echoin As soon as your deposit has been verified, you'll immediately have access to your finances and you can start invest and trading. To invest in Echoin (EC) on Binance, you'll want to hover over the tab which is called “Exchange” and then mouse click on “Basic”. To discover Echoin (EC), you'll need to insert the shortname of the coin (EC) into the search-box, which is highlighted in the graphic. Make sure you have selected the correct pairing, we have marked this also. Click on “EC/BTC” to proceed.
Step 4 – Acquisition of Echoin (EC) Once you have discovered (EC) Echoin, you will be given a Price Chart (in the Center of the image) and a few Order Books (Leftside of the image). For now we are going to create our Limit Order. The field with the “Price” tag will be filled automatically with the most latest price Echoin (EC) was sold for. This can be changed to your favoured rate. The “Amount” field is the amount of EC you like to purchase. The “Total” field is the aggregated price in BTC that you'll settle for the complete quantity of EC. When you are glad, click on “Buy EC”. Your order will be filled as soon as a Seller sells their EC for the price you introduced.
Step 5 – Withdraw (EC) Echoin Unless you are trading, best advise is not to keep crypto coins on an Crypto Trader for an extended time frame. In order to take off your Echoin (EC), go to the “Funds” tab and mouse click on “Withdraw”. (EC) Echoin can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate (EC) Echoin by using the provided drop-down box. Put into the quantity of Echoin (EC) you would like to withdraw. Take into account the shown fees/minimums. Also make sure you have entered your right withdraw address. When you are satisfied, make a mouse click on “Submit”. You could be asked for verfication via phone/email before a take off.