A Step-by-Step-Guide on how to buy Electra (ECA)
Step 1 – Signup to Coinbase and get 10$ for free In the beginning you'll need to buy units of the bigger currencies. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Click below to register and getting your first 10 Dollar.
Step 2 – Transfer Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. Electra (ECA) is available 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 have chosen the exact coin you would like to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, and so forth. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our guide).
Step 3 – Find Electra (ECA) Once your deposit has been confirmed, you'll directly have access to your funds and you can launch buying and trading. To purchase Electra (ECA) on Binance, you'll want to hover over the tab which is called “Exchange” and after that click on “Basic”. To spot Electra (ECA), you'll need to insert the cointype (ECA) into the search box, which is marked in the image. Make sure you have choosen the correct pairing, we have marked this too. Click on “ECA/BTC” to go on.
Step 4 – Acquisition of Electra (ECA) Once you've found Electra (ECA), you'll be given a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the picture). And now we're going to make our own Limit Order. The “Price” field will be filled automatically with the latest rate (ECA) Electra was sold for. You can change this to your favoured price. The “Amount” field is the quantity of ECA you wish to purchase. The field with the “Total” tag is the aggregated price in BTC that you'll settle for the complete amount of ECA. When you are happy, click on “Buy ECA”. Your order will be filled when a Vendor trades their ECA for the price you offered.
Step 5 – Withdraw Electra (ECA) Unless you are trading, best advise is not to keep coins on an Cryptocurrency Exchange for an extensive time frame. In order to withdraw your Electra (ECA), go to the “Funds” tab and mouse click on “Withdraw”. Electra (ECA) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate (ECA) Electra by using the provided drop-down box. Enter the amount of Electra (ECA) you'd like to take off. Don't forget the displayed fees/minimums. Also make sure you have filled your right withdraw address. If you're glad, make a mouse click on “Submit”. You may be requested for verfication via email/phone ahead of a take off.