How to Buy TrueBit (TRUEBIT)

A Step-by-Step-Guide on how to buy TrueBit (TRUEBIT)

Step 1 – Join Coinbase and receive 10$ in Bitcoin

In the beginning you'll need to buy one of the major coins. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Click below for registration and to get Bitcoin or Ethereum.

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

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Exchange now. All exchanges have a deposit form that is similar. TrueBit (TRUEBIT) is available on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Just follow this guide)

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

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so forth. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow these easy steps).

Step 3 – Locate (TRUEBIT) TrueBit

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

In order to find TrueBit (TRUEBIT), you will need to insert the short name of the asset (TRUEBIT) into the search box, which is marked in the image. Be certain of having selected the proper pairing, we've marked this too. Click on “TRUEBIT/BTC” to advance.

Binance How To Buy 1 TrueBit (TRUEBIT)
Step 4 – Purchase TrueBit (TRUEBIT)

As soon as you have spotted (TRUEBIT) TrueBit, you'll be given a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). Next we are creating our Limit Order.

The field with the “Price” tag will be filled with the latest price (TRUEBIT) TrueBit was sold for. You can change this to your favoured price. The “Amount” field is the volumen of TRUEBIT you wish to purchase. The field with the “Total” tag is the total price in Bitcoin that you'll settle for the whole volumen of TRUEBIT.

When you are glad, click on “Buy TRUEBIT”. Your order will be filled as soon as a Seller trades their TRUEBIT for the price you submitted.

Step 5 – Withdraw TrueBit (TRUEBIT)

Unless you are trading, best advise is not to keep your crypto on an Cryptocurrency Exchange for an extensive time frame. To withdraw your TrueBit (TRUEBIT), hover over the tab called “Funds” and click on “Withdraw”. TrueBit (TRUEBIT) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find (TRUEBIT) TrueBit by using the given drop-down box. Enter the quantity of (TRUEBIT) TrueBit you would like to take off. Take into account the shown fees/minimums. Also make sure you have entered your precise withdraw address.

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

Kudos! You've successfully bought and stored (TRUEBIT) TrueBit.

That's it!

Withdrawals from Exchange can take anywhere from 1 – 30 minutes (depending on network usage). Once you have proved your withdrawal using Etherscan.io or Ethplorer.io and the TrueBit (TRUEBIT) is stored inside your wallet, you are done.