How to Buy ERC20 (ERC20)

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

Step 1 – Signup to Coinbase – Get Free $10

You will first need to buy units of the major coins. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Follow the Link below for registration and to get your first $10.

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

Your Bitcoin or Ethereum will need to be sent over to an Exchange now. All exchanges have a deposit form that is similar. ERC20 (ERC20) is accessible on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this how-to)

Make sure you have chosen the correct coin you would like to deposit.

BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etc. If you're using a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our how-to).

Step 3 – Locate ERC20 (ERC20)

Once your deposit has been affirmed, you will immediately have access to your assets and you can launch invest and trading. To purchase ERC20 (ERC20) on Binance, you'll want to go to the “Exchange” tab and after that mouse click on “Basic”.

To discover ERC20 (ERC20), you will need to insert the short name of the asset (ERC20) into the search box, which is marked in the graphic. Be certain of having selected the proper pairing, we have highlighted this too. Click on “ERC20/BTC” to progress.

Binance How To Buy 1 ERC20 (ERC20)
Step 4 – Acquisition of (ERC20) ERC20

Once you have spotted ERC20 (ERC20), you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the image). Next we are creating our own Limit Order.

The “Price” field will be automatically filled with the latest price (ERC20) ERC20 was traded for. This can be changed to your favoured rate. The field with the “Amount” tag is the amount of ERC20 you wish to purchase. The field with the “Total” tag is the total price in Bitcoin that you will pay for the whole quantity of ERC20.

When you are satisfied, click on “Buy ERC20”. Your plan will be filled as soon as a Seller trades their ERC20 for the price you offered.

Step 5 – Withdraw (ERC20) ERC20

Unless you are regularly trading, never keep your crypto on an Cryptocurrency Exchange for an longer time frame. In order to withdraw your ERC20 (ERC20), hover over 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 volumen of (ERC20) ERC20 you would wish to withdraw. Take into account the presented fees/minimums. Also make sure you have filled your correct withdraw address.

If you're satisfied, make a mouse click on “Submit”. You may be asked for verfication via phone/email ahead of a take off.

Kudos! You've successfully purchased and safed (ERC20) ERC20.

That's it!

Take offs from Crypto Trader can durate between 1 – 30 minutes (rely on network usage). As soon as you've confirmed your withdrawal using Ethplorer.io or Etherscan.io and the (ERC20) ERC20 is safe inside your wallet, you are finished.