How to Buy ERC20 (ERC20)

A Step-by-Step-Guide on how to buy ERC20 (ERC20)

Step 1 – Join Coinbase and receive 10$ in Bitcoin

You will first need to buy one of the bigger currencies. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Click below to register and receive Ethereum (ETH) or Bitcoin (BTC).

Binance Signup
Step 2 – Send Your Funds to an Cryptocurrency Exchange

Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is alike. ERC20 (ERC20) is available on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Crypto Trader? (Just follow this guide)

Make sure you've selected the correct coin you wish to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you are working with a decentralized exchange, like Airswap or DDEX could be different (Follow our guide).

Step 3 – Find ERC20 (ERC20)

Once your deposit has been affirmed, you will instantly have access to your finances and you can begin purchasing and trading. To purchase (ERC20) ERC20 on Binance, you'll want to hover over the tab which is called “Exchange” and then click on “Basic”.

In order to find (ERC20) ERC20, you'll need to put the shortname of the coin (ERC20) into the search-box, which is marked in the picture. Be certain of having choosen the right pairing, we have highlighted this also. Click on “ERC20/BTC” to go ahead.

How to buy Coin on Binance 1 ERC20 (ERC20)
Step 4 – Purchasing (ERC20) ERC20

After you have discovered ERC20 (ERC20), you'll be given a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the picture). And now we're making our Limit Order.

The “Price” field will be filled automatically with the most up-to-date valuation (ERC20) ERC20 was sold for. This can be changed to your favoured rate. The field with the “Amount” tag is the amount of ERC20 you wish to buy. The “Total” field is the whole price in BTC that you will settle for the complete volumen of ERC20.

When you are happy, make a mouse click on “Buy ERC20”. Your order will be filled when a Seller sells their ERC20 for the price you offered.

Step 5 – Withdraw ERC20 (ERC20)

Unless you're trading, best advise is not to keep crypto coins on an Crypto Trader for an extended time frame. In order to withdraw your ERC20 (ERC20), go to the “Funds” tab and click on “Withdraw”. ERC20 (ERC20) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (ERC20) ERC20 by using the provided drop-down box. Drop in the amount of (ERC20) ERC20 you'd like to take off. Don't forget the shown minimus/fees. Also make sure you have filled your correct withdraw address.

If you're satisfied, click on “Submit”. You could be requested for email/phone verification before a withdrawal.

Congrats! You have successfully purchased and safed (ERC20) ERC20.

That's it!

Take offs from Exchange can take between 1 – 30 minutes (depending on network usage). Once you have proved your withdrawal with Ethplorer.io or Etherscan.io and the ERC20 (ERC20) is safe in your wallet, you are finished.