A Step-by-Step-Guide on how to buy Encocoin (XNK)
Step 1 – Signup to Coinbase and receive 10$ in Bitcoin You'll first need to purchase units of the major coins. Exchanges usually accept either Ethereum or Bitcoin in exchange for alternative Coins. Follow the Link below to register and to get Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Send Your Funds to an Exchange Your Bitcoin or Ethereum has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is identical. Encocoin (XNK) is accessible 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 how-to) Make sure you have selected the correct coin you want to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be different (Follow our guide).
Step 3 – Locate Encocoin (XNK) Once your deposit has been affirmed, you will immediately have access to your finances and you can initiate invest and trading. To purchase (XNK) Encocoin on Binance, you'll want to go to the “Exchange” tab and after that click on “Basic”. To spot Encocoin (XNK), you will need to insert the short name of the asset (XNK) into the search box, which is highlighted in the image. Be certain of having selected the right pairing, we have marked this also. Click on “XNK/BTC” to continue.
Step 4 – Purchase Encocoin (XNK) As soon as you've spotted (XNK) Encocoin, you will be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). And now we are making our Limit Order. The “Price” field will be automatically filled with the most recent valuation Encocoin (XNK) was sold for. This can be changed to your desired rate. The field with the “Amount” tag is the amount of XNK you like to purchase. The “Total” field is the whole price in BTC that you will pay for the complete quantity of XNK. When you're satisfied, click on “Buy XNK”. Your plan will be filled as soon as a Vendor trades their XNK for the price you offered.
Step 5 – Withdraw Encocoin (XNK) Unless you are regularly trading, best advise is not to keep your coins on an Crypto Exchange for an extensive period of time. To withdraw your (XNK) Encocoin, go to the tab called “Funds” and mouse click on “Withdraw”. Encocoin (XNK) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate (XNK) Encocoin by using the provided drop-down box. Drop in the amount of (XNK) Encocoin you'd like to withdraw. Take into account the demonstrated minimus/fees. Also make sure you have entered your correct withdraw address. If you are glad, click on “Submit”. You may be requested for verfication via phone/email ahead of a withdrawal.