How to Buy INLOCK (ILK)

A Step-by-Step-Guide on how to buy INLOCK (ILK)

Step 1 – Join Coinbase and receive 10$ in Bitcoin

You'll first need to purchase units of the bigger currencies. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Follow the Link below to register and receive Ethereum (ETH) or Bitcoin (BTC).

Binance Signup
Step 2 – Transmit Your Ethereum or Bitcoin to an Cryptocurrency Exchange

Your Ethereum or Bitcoin will need to be sent over to an Exchange now. All exchanges have a deposit form that is identical. INLOCK (ILK) is accessible on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Follow this manual)

Make sure you have selected the right coin you would like to deposit.

BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, etcetera. If you're working with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our manual).

Step 3 – Locate INLOCK (ILK)

Once your deposit has been confirmed, you will directly have access to your finances and you can begin invest and trading. To buy INLOCK (ILK) on Binance, you'll want to go to the tab which is called “Exchange” and click on “Basic”.

To locate (ILK) INLOCK, you'll need to insert the shortname of the coin (ILK) into the search box, which is marked in the graphic. Be certain of having selected the proper grouping, we have highlighted this too. Click on “ILK/BTC” to proceed.

Binance How To Buy 1 INLOCK (ILK)
Step 4 – Purchase (ILK) INLOCK

After you've discovered INLOCK (ILK), 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're going to create our Limit Order.

The “Price” field will be automatically filled with the recent price (ILK) INLOCK was traded for. You can change this to your desired price. The field with the “Amount” tag is the quantity of ILK you wish to purchase. The “Total” field is the whole price in Bitcoin that you'll settle for the complete volumen of ILK.

If you're satisfied, click on “Buy ILK”. Your order will be filled when a Seller sells their ILK for the price you offered.

Step 5 – Withdraw INLOCK (ILK)

Unless you are trading, best advise is not to keep coins on an Crypto Exchange for an extensive time frame. In order to withdraw your (ILK) INLOCK, hover over the “Funds” tab and mouse click on “Withdraw”. INLOCK (ILK) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find INLOCK (ILK) by using the given drop-down box. Enter the quantity of INLOCK (ILK) you'd wish to withdraw. Don't forget the shown minimus/fees. Also make sure you have filled your precise withdraw address.

If you're happy, click “Submit”. You may be asked for verfication via phone/email ahead of a withdrawal.

Congratulations! You've successfully bought and stored (ILK) INLOCK.

That's it!

Take offs from Exchange can durate anywhere from 1 – 30 minutes (depending on usage of the network). Once you have confirmed your take off using Ethplorer.io or Etherscan.io and the INLOCK (ILK) is stored within your wallet, you're all done.