A Step-by-Step-Guide on how to buy Honey (HNY)
Step 1 – Signup to Coinbase – Get Free $10 You will first need to buy one of the bigger coins. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click the button below to register and to get your first $10.
Step 2 – Transmit Your Ethereum (ETH) or Bitcoin (BTC) to an Cryptocurrency Exchange Your Ethereum or Bitcoin will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. Honey (HNY) is accessible on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Exchange? (Follow this guide) 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 Ethereum deposit address, etc. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our guide).
Step 3 – Locate (HNY) Honey As soon as your deposit has been affirmed, you'll immediately have access to your funds and you can start purchasing and trading. To buy Honey (HNY) on Binance, you will want to go to the tab which is called “Exchange” and then mouse click on “Basic”. To find (HNY) Honey, you'll need to put the cointype (HNY) into the search box, which is marked in the image. Make sure you have choosen the proper grouping, we have marked this also. Click on “HNY/BTC” to go ahead.
Step 4 – Acquisition of Honey (HNY) After you have discovered Honey (HNY), you'll be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). And now we're going to create our Limit Order. The “Price” field will be filled with the up-to-date valuation (HNY) Honey was sold for. This can be changed to your desired rate. The field with the “Amount” tag is the quantity of HNY you want to buy. The “Total” field is the whole price in Bitcoin that you'll pay for the whole volumen of HNY. If you are glad, make a mouse click on “Buy HNY”. Your plan will be filled when a Vendor sells their HNY for the price you offered.
Step 5 – Withdraw (HNY) Honey Unless you are trading, best advise is not to keep coins on an Exchange for an extensive period of time. To take off your Honey (HNY), go to the “Funds” tab and click on “Withdraw”. Honey (HNY) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Honey (HNY) by using the given drop-down box. Enter the amount of (HNY) Honey you would wish to take off. Take into account the presented minimus/fees. Also make sure you have filled your precise withdraw address. When you're happy, make a mouse click on “Submit”. You may be requested for verfication via phone/email ahead of a take off.