A Step-by-Step-Guide on how to buy Speed Coin (SPEED)
Step 1 – Join Coinbase and receive 10$ in Bitcoin In the beginning you'll need to purchase one of the major coins. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Click below for registration and receive Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transmit Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Exchange Your Bitcoin or Ethereum will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. Speed Coin (SPEED) is available on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Crypto Exchange? (Follow this how-to) Make sure you've selected the right coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH 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 – Locate Speed Coin (SPEED) Once your deposit has been approved, you will immediately have access to your assets and you can initiate invest and trading. To invest in Speed Coin (SPEED) on Binance, you'll want to go to the “Exchange” tab and then mouse click on “Basic”. In order to discover Speed Coin (SPEED), you will need to put the short name of the asset (SPEED) into the search box, which is marked in the picture. Be certain of having choosen the correct grouping, we have highlighted this too. Click on “SPEED/BTC” to advance.
Step 4 – Acquisition of (SPEED) Speed Coin As soon as you've located (SPEED) Speed Coin, you'll be given a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the picture). And now we're going to make our own Limit Order. The field with the “Price” tag will be automatically filled with the recent price (SPEED) Speed Coin was traded for. This can be changed to your desired price. The field with the “Amount” tag is the amount of SPEED you want to buy. The “Total” field is the total price in Bitcoin that you'll pay for the whole amount of SPEED. If you're glad, make a mouse click on “Buy SPEED”. Your plan will be filled as soon as a Vendor sells their SPEED for the price you introduced.
Step 5 – Withdraw (SPEED) Speed Coin Unless you're trading, best advise is not to keep crypto coins on an Exchange for an extensive period of time. To take off your (SPEED) Speed Coin, hover over the tab called “Funds” and mouse click on “Withdraw”. (SPEED) Speed Coin can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Speed Coin (SPEED) by using the given drop-down box. Put into the volumen of Speed Coin (SPEED) you would like to take off. Don't forget the presented fees/minimums. Also make sure you have entered your correct withdraw address. If you are satisfied, make a mouse click on “Submit”. You may be asked for email/phone verification ahead of a withdrawal.