A Step-by-Step-Guide on how to buy Woodcoin (LOG)
Step 1 – Signup to Coinbase and receive 10$ in Bitcoin In the beginning you'll need to buy one of the top-tier currencies. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click the button below to register and receive Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transfer Your Bitcoin (BTC) or Ethereum (ETH) to an Exchange Your Bitcoin or Ethereum has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. Woodcoin (LOG) is available on Binance, so we're going to use that as an illustration. Not sure on how to send Coinbase funds to an Exchange? (Follow this guide) Make sure you've selected the correct coin you wish to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so on. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our guide).
Step 3 – Locate Woodcoin (LOG) Once your deposit has been confirmed, you'll now have access to your assets and you can begin invest and trading. To invest in Woodcoin (LOG) on Binance, you'll want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”. In order to spot Woodcoin (LOG), you'll need to put the cointype (LOG) into the search box, which is highlighted in the picture. Make sure you have selected the proper pairing, we've marked this also. Click on “LOG/BTC” to continue.
Step 4 – Purchase (LOG) Woodcoin As soon as you have discovered (LOG) Woodcoin, you'll be presented with a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). And now we're going to create our Limit Order. The “Price” field will be filled with the most latest tariff (LOG) Woodcoin was traded for. You can change this to your preferred price. The field with the “Amount” tag is the quantity of LOG you wish to buy. The field with the “Total” tag is the total price in Bitcoin that you will settle for the whole amount of LOG. If you are glad, click on “Buy LOG”. Your plan will be filled as soon as a Vender sells their LOG for the price you introduced.
Step 5 – Withdraw (LOG) Woodcoin Unless you're trading, best advise is not to keep your coins on an Cryptocurrency Exchange for an longer time frame. In order to withdraw your Woodcoin (LOG), go to the “Funds” tab and click on “Withdraw”. Woodcoin (LOG) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Woodcoin (LOG) by using the provided drop-down box. Drop in the volumen of (LOG) Woodcoin you'd wish to take off. Take into account the presented fees/minimums. Also make sure you have entered your correct withdraw address. When you are happy, make a mouse click on “Submit”. You could be requested for email/phone verification ahead of a withdrawal.